
SPG Stock Forecast & Price Target
SPG Analyst Ratings
Bulls say
Simon Property Group's strong leasing pipeline, which saw a notable increase of approximately 15% year-to-date, underscores robust tenant demand across its expansive portfolio of 254 retail properties. The company reported a 4.8% increase in domestic net operating income (NOI) in 4Q25 and a significant year-over-year improvement in retailer sales per square foot, which rose by 8.1% to reach $799. Additionally, the average minimum rent per square foot experienced a 4.7% y/y increase, highlighting continued strength in leasing activity and potential for substantial rent growth from recaptured spaces, such as the Saks Off Fifth properties, which have exhibited a rent increase from $18 million to $30 million for just half the re-leased stores.
Bears say
The occupancy rate for Simon Property Group has decreased marginally to 96.4%, reflecting a slight decline year-over-year and no improvement sequentially, which raises concerns about demand for retail space. Management anticipates further retailer disruptions due to the impact of tariffs, contributing to a stable sales outlook despite these challenges. Additionally, significant costs related to tariff impacts are expected to erode EBITDA sustainability, indicating potential financial strain in the near future.
This aggregate rating is based on analysts' research of Simon Property Group and is not a guaranteed prediction by Public.com or investment advice.
SPG Analyst Forecast & Price Prediction
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