Simon Property Q3 2026 Revenue Tops Estimates at $1.68B, but EPS Misses at $1.54

Simon Property (SPG) posted mixed third-quarter 2026 results, with revenue above the estimate and adjusted EPS below it. Revenue was $1.68 billion, up 5.0% from a year earlier, above the $1.63 billion estimate, and adjusted EPS was $1.54, down 17% from a year earlier, below the $1.69 estimate.

Shares fell 1.2% in after-hours trading as of 4:07 p.m. ET, to $223.80 from a $226.52 close.

Q3 2026 scorecard

By our calculation, revenue was $49.3 million above the estimate and adjusted EPS was $0.15 below it. The QoQ column compares with the previous quarter's revenue of $1.66 billion and adjusted EPS of $1.49. The YoY column compares with $1.60 billion and $1.86 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 8 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $1.60 billion, $1.79 billion, $1.76 billion, $1.66 billion and $1.68 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $1.93 and revenue of $1.70 billion next quarter, based on 4 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 5.0% increase to $1.68 billion.
• Estimate record. Whether Simon Property extends a record of beating EPS estimates in 4 of its last 8 reports.
• Related coverage. See our reports on iRhythm, Eton Pharmaceuticals, BlackLine and BJ's Restaurants.

Sources: Results are from Simon Property's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Simon Property's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.