Simon Property Group, Inc. (SPG) earnings on August 10, 2026

After the market closes Q2 2026

More Simon Property Group, Inc. earnings

Prior outlook: Pessimistic Outcome: Missed

Simon Property Group posted quarterly results where its key profit metric fell short of expectations, even though its sales came in better than forecast. The stock initially rose but gave up those gains to end slightly lower.

SPG price around the earnings

219.53

Change: -0.5%

2026-08-11, 20:00 UTC

Start of the measured window End of the measured window
217.99 219.78 221.58 223.37 220.55
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)
August 10, 2026 August 11, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published
Results released

Weak outlook, the scenario is pessimistic

Experts see a poor track record: the company has missed earnings expectations every quarter for the past year, with an average shortfall of 21%. Recent price trends are also weak, and even though some analysts raised their price targets, the historical pattern suggests these upgrades may not be enough to change the negative outlook.

Context analyzed before publication

Summary
Weak outlook, the scenario is pessimistic
Playbook
The stock has been underperforming the broader market recently, and its earnings history shows consistent misses. Analyst price targets suggest only modest upside, which may not compensate for the negative trend.
Trend
Expert confidence declining sharply over past week

Analysts

Drivers

  • Analysts Neutral

    Analysts rate the stock as a buy with a target price citing about 4% above the current price, but given the poor earnings history, this may not be enough to change the negative outlook.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.43
Analysts covering the stock
19
Average price target
229.42
Lowest price target
194
Highest price target
285
Upside to price target
4.3%
Quarterly earnings growth
15.9%
Revenue growth
19.3%
Forward EPS
6.74
Trailing EPS
14.38
Analyst moves in the last 60 days
8
  • Strong buy: 1
  • Buy: 6
  • Hold: 13
  • Sell: 0
  • Strong sell: 1
Strong buy
1
Buy
6
Hold
13
Sell
0
Strong sell
1
  • July 21, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
  • July 9, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 7, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • July 1, 2026 · Wolfe Research: Downgrades rating (Outperform → Peer Perform)
  • June 29, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • June 25, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • June 23, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • June 18, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (3)

Technicals

Drivers

  • Technical Negative

    The stock's recent price trend is weaker than the broader market, with a 14-day decline of about 3% and underperformance relative to the S&P 500.

Evidence

Price when the context was analyzed
222.86
Average true range (ATR)
1.7%
Distance to 52-week high
-7.0%
14-day change (14d)
-3.0%
30-day change (30d)
+1.6%
30-day relative strength
-2.1%
SPY change (30d)
+3.7%
Nearest support
222.81
Distance to nearest support
0%
Nearest resistance
224.24
Distance to nearest resistance
0.6%
Volume accumulation ratio (14d / 46d)
0.87
  • Mid: 222.81 (0% away, 0.01 ATR, 14 touches)
  • Mid: 221.14 (0.8% away, 0.44 ATR, 13 touches)
  • Mid: 219.53 (1.5% away, 0.85 ATR, 11 touches)
  • Mid: 224.24 (0.6% away, 0.35 ATR, 12 touches)
  • Mid: 225.43 (1.2% away, 0.66 ATR, 24 touches)
  • Minor: 226.82 (1.8% away, 1.02 ATR, 2 touches)

Trends

Evidence

Average earnings surprise
-21.3%
  • May 11, 2026: actual EPS 1.22 vs estimate 1.49 (surprise -18.0%)
  • February 2, 2026: actual EPS 1.04 vs estimate 1.97 (surprise -47.1%)
  • November 3, 2025: actual EPS 1.6 vs estimate 1.68 (surprise -4.7%)
  • August 4, 2025: actual EPS 1.36 vs estimate 1.61 (surprise -15.5%)

Expected move

Drivers

  • Past earnings Negative

    The company has missed earnings expectations in every quarter for the past year, with an average shortfall of 21%. Recent misses ranged from -4.7% to -47%.

Implied move
+1.7%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.3%
75th percentile move
4.6%
90th percentile move
5.1%
Up / down moves
12 / 8
Average up move
+3.6%
Average down move
-3.3%

Monitoring and close

What Simon Property Group, Inc. reported

Status
Finished
Actual EPS3.12
EPS estimate3.22
EPS surprise-3.1%
Revenue$1,791 million
Revenue estimate$1,612 million
Revenue surprise+11.1%

Simon Property Group missed FFO estimates but beat on revenue. The company raised its FY2026 FFO guidance, reflecting an optimistic outlook.

Sources (3)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, results beat expectations on revenue but not on earnings, and the price is indicating -0.0% pre-market, a move below the stock's usual reaction (about 3%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome
Missed
Consolidated
-0.5%
Max favorable move (MFE)
0.7%
Max adverse move (MAE)
1.3%