Simon Property Group said diluted earnings per share for the 9 months ended September 30, 2025 were $4.83, down $0.39 from $5.22 for the same period last year. The company cited a pre-tax gain of $414.8 million, or $1.11 per diluted share, on the sale of its remaining interest in Authentic Brands Group in Q1 2024 as one factor in the decrease.

1. 01

   Simon Property Group said diluted earnings per share for the 9 months ended September 30, 2025 were $4.83, down $0.39 from $5.22 for the same period last year. The company cited a pre-tax gain of $414.8 million, or $1.11 per diluted share, on the sale of its remaining interest in Authentic Brands Group in Q1 2024 as one factor in the decrease.

2. 02

   Simon Property Group said lease income increased $241.6 million for the 9 months ended September 30, 2025. Fixed lease income rose $196.0 million and variable lease income increased $45.6 million, the company said, citing higher fixed minimum lease consideration, higher occupancy and acquisition and development activity.

3. 03

   Simon Property Group said net cash flow from operating activities and distributions of capital from unconsolidated entities totaled $3.3 billion for the 9 months ended September 30, 2025. During the same period, the company paid stockholder dividends and unitholder distributions of approximately $2.4 billion, and cash and cash equivalents increased $152.2 million to $1.6 billion.

4. 04

   Simon Property Group said the Operating Partnership completed the issuance of $700 million of senior unsecured notes bearing a fixed interest rate of 4.375% and maturing on October 1, 2030, and $800 million of senior unsecured notes bearing a fixed interest rate of 5.125% and maturing on October 1, 2035, on August 19, 2025. The company said a portion of the proceeds were used to redeem at par $1.1 billion of 3.50% senior unsecured notes at maturity on September 1, 2025.

Key figures

Quarter ended September 30, 2025

Revenue

$1.6B

Operating income

$813M

Net income

$703M

EPS

$1.86

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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