Simon Property Group (SPG) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.73
- Estimate
- $1.57
- Surprise
- +10.1%
- Revenue (period 2026-06-30)
- $1.79B
- Score at report (before → after)
- 5.6 → 5.6/10
Revenue source: xbrl.
How the report landed
Simon Property Group (SPG) beat the $1.57 estimate with diluted EPS of $1.73 — a large 10.1% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.6/10) to Sell at 5.6/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SPG Sell at 5.2/10.
1 of the last 4 quarters beat the estimate; this quarter's +10.1% surprise compares with a -14.9% four-quarter average. Next scheduled report: 2026-11-02.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.0 in RISK_OFF)
- High-quality business
What argues against it
- Concentration risk — Property Type: malls, Premium Outlets, and The Mills
- Analyst target reached - limited upside remaining
- Sector modifier (Real Estate): -1.2
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $211.52
- Price target
- $213.21
- Stop
- $205.54
- Upside to target
- +0.8%
- Reward-to-risk
- 0.2:1
Forward estimates sit below the trailing run-rate (31.4× forward vs 15.0× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
SPG at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Retail
- Market cap
- $79.80B
- P/E (fwd)
- 31.4
- P/E (ttm)
- 15.0
- 52-week range
- $172.19–$238.50
- Off 52-week high
- 11.3%
- RSI (14)
- 34
- Volume vs avg
- 0.77×
- Score today
- 5.2/10