# Simon Property Group

> Simon Property Group is a publicly traded real estate investment trust that owns, operates, develops and redevelops shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia. Its business joins long-term property ownership with tenant leasing, redevelopment, outlet centers, digital shopper services and a large in-property media network. The result is a two-sided platform: retailers pay for access to productive locations and audiences, while shoppers receive concentrated choices, events, services and discounts in physical destinations.

- **Founded:** 1960
- **Headquarters:** Indianapolis, United States
- **Founders:** Melvin Simon (Co-founder), Herbert Simon (Co-founder)
- **Team size:** Approximately 3,600 employees
- **Products:** Simon Malls, Simon Premium Outlets, The Mills, Mixed-use development, Simon Media & Experiences
- **Notable:** Completed a 1993 IPO that raised nearly $1 billion, then the largest U.S. real estate public offering., Built or acquired interests in more than 250 properties and over 200 million square feet across North America, Europe and Asia by March 2026., Generated record Real Estate FFO of $4.8 billion in 2025 and returned $3.5 billion to shareholders.

## Products & services

- **Simon Malls** — Ownership, leasing, management and redevelopment of regional and super-regional shopping destinations.
- **Simon Premium Outlets** — Outlet centers that connect brands with value-seeking shoppers in domestic and international tourist and metropolitan markets.
- **The Mills** — Large-format value, retail and entertainment destinations added to Simon's platform through the 2007 Mills transaction.
- **Mixed-use development** — New construction and redevelopment combining retail with dining, entertainment, hotels, residential, office and other uses.
- **Simon Media & Experiences** — Digital and physical advertising, sponsorships, spectacular screens, food-hall networks, banners, events and shopper marketing across Simon properties and channels.
- **Simon Search and digital shopper services** — Product discovery, directories, websites, apps, loyalty and communications that help shoppers find stores, products, offers and events.
- **Gift cards and Simon+** — Consumer programs that encourage spending, repeat visits and access to participating offers across the portfolio.

## Achievements

- Completed a 1993 IPO that raised nearly $1 billion, then the largest U.S. real estate public offering.
- Built or acquired interests in more than 250 properties and over 200 million square feet across North America, Europe and Asia by March 2026.
- Generated record Real Estate FFO of $4.8 billion in 2025 and returned $3.5 billion to shareholders.
- Executed more than 17 million square feet of leases and completed 23 significant redevelopment projects in 2025.
- Reported 96.0% occupancy and $819 in trailing retailer sales per square foot for U.S. malls and Premium Outlets at March 31, 2026.
- Earned a GRESB Green Star every year from 2014 through 2025.
- Reduced its reported direct energy consumption by 31.27% and carbon footprint by 65.05% against the company's stated baselines.
- Expanded the Premium Outlets format internationally, including the 2025 opening of Jakarta Premium Outlets in Indonesia.

## Latest updates

- **2026-06** — Simon announced a euro-denominated notes offering and staged National Outlet Shopping Day across 90 destinations.
- **2026-05** — First-quarter Real Estate FFO rose 7.5% year over year; Simon increased 2026 guidance and raised its quarterly dividend to $2.25 per share.
- **2026-05** — Simon partnered with adidas on fan experiences tied to a summer of global soccer.
- **2026-03** — Eli Simon became CEO and president following the death of longtime chairman and CEO David Simon; Larry Glasscock became non-executive chairman.
- **2026-03** — The company completed a new $5.0 billion revolving credit facility and amended a separate $3.5 billion facility.
- **2026-02** — Simon announced more than $250 million of redevelopment at The Mall at Green Hills, Cherry Creek Shopping Center and International Plaza.
- **2026-02** — Full-year 2025 results showed record Real Estate FFO of $4.812 billion, 96.4% occupancy and retailer sales of $799 per square foot.

## Links

- Website: https://www.simon.com
- LinkedIn: https://www.linkedin.com/company/simon-property-group
- Twitter/X: https://twitter.com/shopsimon
- YouTube: https://www.youtube.com/user/shopsimon
- Instagram: https://www.instagram.com/shopsimon/
- Facebook: https://www.facebook.com/SimonPropertyGroup

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Profile page: https://yespress.io/simon-property-group
Published by YesPress — https://yespress.io
Last updated: 2026-08-11