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Simon Property (SPG) Reports Q2 Earnings: What Key Metrics Have to Say

Simon Property (SPG) reported $1.79 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 19.5%. EPS of $3.29 for the same period compares to $1.70 a year ago.

The reported revenue represents a surprise of +4.49% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $3.18, the EPS surprise was +3.46%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Simon Property performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

U.S. Malls and Premium Outlets - Occupancy - Total Portfolio: 96% compared to the 96% average estimate based on two analysts.
Revenue- Management fees and other revenues: $40.83 million versus $39.62 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.
Revenue- Other income: $90.06 million versus $74.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.
Revenue- Lease income: $1.66 billion compared to the $1.6 billion average estimate based on two analysts. The reported number represents a change of +20.3% year over year.
Net Earnings Per Share (Diluted): $1.49 versus $1.49 estimated by three analysts on average.

View all Key Company Metrics for Simon Property here>>>

Shares of Simon Property have returned +1.9% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Simon Property Group, Inc. (SPG): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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