Simon Property (SPG)


Market Price (8/15/2026): $221.16 | Market Cap: $71.7 BilInvestor Relations Sector: Real Estate | Industry: Retail REITs

Simon Property (SPG)


Market Price (8/15/2026): $221.16
Market Cap: $71.7 Bil
Sector: Real Estate
Industry: Retail REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 47%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 46%, CFO LTM is 4.1 Bil, FCF LTM is 3.2 Bil

Low stock price volatility
Vol 12M is 19%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Experiential Retail, Show more.

Expensive valuation multiples
P/SPrice/Sales ratio is 10x

Key risks
SPG key risks include [1] its substantial debt burden and sensitivity to interest rate fluctuations.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 47%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 59%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 46%, CFO LTM is 4.1 Bil, FCF LTM is 3.2 Bil
4 Low stock price volatility
Vol 12M is 19%
5 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Experiential Retail, Show more.
6 Expensive valuation multiples
P/SPrice/Sales ratio is 10x
7 Key risks
SPG key risks include [1] its substantial debt burden and sensitivity to interest rate fluctuations.

SPG in ETFs

Weight = SPG's share of each fund

SPY0.11%
VOO0.11%
IVV0.11%
VTI0.10%
ITOT0.10%
IWB0.10%
RSP0.20%
VTV0.26%
+33 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/10/2026

Simon Property (SPG) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Strong Financial Performance in Fiscal Q1 2026. Simon Property Group reported better-than-expected results for its fiscal Q1 2026 (ended March 31, 2026), released on May 11, 2026. The company's Earnings Per Share (EPS) of $1.48 surpassed the consensus estimate of $1.46, and revenue of $1.76 billion exceeded the $1.54 billion consensus, representing a 19.3% year-over-year increase. Real estate Funds From Operations (FFO) grew 7.5% year-over-year to $3.17 per share, while occupancy reached a robust 96%, and sales per square foot rose 11.8% to $819. This strong start to the year provided positive momentum for the stock.

2. Exceptional Fiscal Q2 2026 Operating Results and Upwardly Revised Full-Year Guidance. The company continued its strong performance into fiscal Q2 2026 (ended June 30, 2026), reporting on August 10, 2026, a 7.9% year-over-year increase in Real Estate FFO per diluted share to $3.29. Domestic property Net Operating Income (NOI) surged by 8.5%, with occupancy holding firm at 96.0%. Leasing activity was particularly strong, with initial base minimum rents on new leases rising 17% and tenant allowances decreasing by 12%. Retailer sales per square foot for the trailing 12 months also climbed 13.9% to $838. Following these results, Simon Property Group raised its full-year 2026 Real Estate FFO per diluted share guidance to a range of $13.20 to $13.30, an increase of $0.08 per diluted share at the midpoint, signaling management's confidence in sustained performance.

Show more
Updated on 8/10/2026

Simon Property (SPG) stock has gained about 10% since 4/30/2026 because of the following key factors:

1. Strong Financial Performance in Fiscal Q1 2026. Simon Property Group reported better-than-expected results for its fiscal Q1 2026 (ended March 31, 2026), released on May 11, 2026. The company's Earnings Per Share (EPS) of $1.48 surpassed the consensus estimate of $1.46, and revenue of $1.76 billion exceeded the $1.54 billion consensus, representing a 19.3% year-over-year increase. Real estate Funds From Operations (FFO) grew 7.5% year-over-year to $3.17 per share, while occupancy reached a robust 96%, and sales per square foot rose 11.8% to $819. This strong start to the year provided positive momentum for the stock.

2. Exceptional Fiscal Q2 2026 Operating Results and Upwardly Revised Full-Year Guidance. The company continued its strong performance into fiscal Q2 2026 (ended June 30, 2026), reporting on August 10, 2026, a 7.9% year-over-year increase in Real Estate FFO per diluted share to $3.29. Domestic property Net Operating Income (NOI) surged by 8.5%, with occupancy holding firm at 96.0%. Leasing activity was particularly strong, with initial base minimum rents on new leases rising 17% and tenant allowances decreasing by 12%. Retailer sales per square foot for the trailing 12 months also climbed 13.9% to $838. Following these results, Simon Property Group raised its full-year 2026 Real Estate FFO per diluted share guidance to a range of $13.20 to $13.30, an increase of $0.08 per diluted share at the midpoint, signaling management's confidence in sustained performance.

3. Consistent Dividend Growth and Shareholder Returns. Demonstrating confidence in its cash flows and commitment to shareholders, Simon Property Group declared a quarterly common stock dividend of $2.25 per share for fiscal Q3 2026. This represents a 4.7% increase year-over-year. Additionally, during fiscal Q2 2026, the company repurchased 793,077 common shares and 237,618 limited partnership units for a total investment of $211.4 million. These actions underscore a strategy of returning value to shareholders and judicious capital allocation.

Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →

Stock Movement Drivers

Fundamental Drivers

The 9.0% change in SPG stock from 4/30/2026 to 8/14/2026 was primarily driven by a 9.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268142026Change
Stock Price ($)201.50219.589.0%
Change Contribution By: 
Total Revenues ($ Mil)6,3656,9419.1%
Net Income Margin (%)72.7%66.6%-8.4%
P/E Multiple14.215.48.4%
Shares Outstanding (Mil)3263240.7%
Cumulative Contribution9.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/14/2026
ReturnCorrelation
SPG9.0% 
Market (SPY)8.0%-7.9%
Sector (XLRE)2.0%74.3%

Fundamental Drivers

The 17.4% change in SPG stock from 1/31/2026 to 8/14/2026 was primarily driven by a 82.4% change in the company's Net Income Margin (%).
(LTM values as of)13120268142026Change
Stock Price ($)187.07219.5817.4%
Change Contribution By: 
Total Revenues ($ Mil)6,1556,94112.8%
Net Income Margin (%)36.5%66.6%82.4%
P/E Multiple27.215.4-43.4%
Shares Outstanding (Mil)3263240.8%
Cumulative Contribution17.4%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/14/2026
ReturnCorrelation
SPG17.4% 
Market (SPY)12.5%17.4%
Sector (XLRE)10.0%72.6%

Fundamental Drivers

The 40.4% change in SPG stock from 7/31/2025 to 8/14/2026 was primarily driven by a 94.4% change in the company's Net Income Margin (%).
(LTM values as of)73120258142026Change
Stock Price ($)156.35219.5840.4%
Change Contribution By: 
Total Revenues ($ Mil)5,9946,94115.8%
Net Income Margin (%)34.2%66.6%94.4%
P/E Multiple24.915.4-38.0%
Shares Outstanding (Mil)3263240.7%
Cumulative Contribution40.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/14/2026
ReturnCorrelation
SPG40.4% 
Market (SPY)23.9%18.9%
Sector (XLRE)12.1%68.9%

Fundamental Drivers

The 105.3% change in SPG stock from 7/31/2023 to 8/14/2026 was primarily driven by a 64.4% change in the company's Net Income Margin (%).
(LTM values as of)73120238142026Change
Stock Price ($)106.93219.58105.3%
Change Contribution By: 
Total Revenues ($ Mil)5,3466,94129.8%
Net Income Margin (%)40.5%66.6%64.4%
P/E Multiple16.215.4-4.7%
Shares Outstanding (Mil)3273240.9%
Cumulative Contribution105.3%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/14/2026
ReturnCorrelation
SPG105.3% 
Market (SPY)75.6%51.1%
Sector (XLRE)30.2%73.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SPG Return96%-22%29%27%13%22%246%
Peers Return67%-17%16%20%-5%22%125%
S&P 500 Return27%-19%24%23%16%14%108%

Monthly Win Rates [3]
SPG Win Rate83%25%58%75%67%75% 
Peers Win Rate78%37%53%63%45%72% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
SPG Max Drawdown-13%-44%-22%-10%-24%-12% 
Peers Max Drawdown-18%-37%-24%-14%-22%-9% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KIM, REG, BRX, FRT, MAC. See SPG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/14/2026 (YTD)

How Low Can It Go

EventSPGS&P 500
2025 US Tariff Shock
  % Loss-23.6%-18.8%
  % Gain to Breakeven30.8%23.1%
  Time to Breakeven149 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-15.0%-9.5%
  % Gain to Breakeven17.7%10.5%
  Time to Breakeven45 days24 days
2023 SVB Regional Banking Crisis
  % Loss-18.3%-6.7%
  % Gain to Breakeven22.4%7.1%
  Time to Breakeven47 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-43.0%-24.5%
  % Gain to Breakeven75.4%32.4%
  Time to Breakeven444 days427 days
2020 COVID-19 Crash
  % Loss-67.9%-33.7%
  % Gain to Breakeven211.3%50.9%
  Time to Breakeven421 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-26.2%-3.7%
  % Gain to Breakeven35.5%3.9%
  Time to Breakeven1612 days6 days

Compare to KIM, REG, BRX, FRT, MAC

In The Past

Simon Property's stock fell -23.6% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventSPGS&P 500
2025 US Tariff Shock
  % Loss-23.6%-18.8%
  % Gain to Breakeven30.8%23.1%
  Time to Breakeven149 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-43.0%-24.5%
  % Gain to Breakeven75.4%32.4%
  Time to Breakeven444 days427 days
2020 COVID-19 Crash
  % Loss-67.9%-33.7%
  % Gain to Breakeven211.3%50.9%
  Time to Breakeven421 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-26.2%-3.7%
  % Gain to Breakeven35.5%3.9%
  Time to Breakeven1612 days6 days
2008-2009 Global Financial Crisis
  % Loss-69.0%-53.4%
  % Gain to Breakeven222.7%114.4%
  Time to Breakeven292 days1085 days

Compare to KIM, REG, BRX, FRT, MAC

In The Past

Simon Property's stock fell -23.6% during the 2025 US Tariff Shock. Such a loss loss requires a 30.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Simon Property (SPG)

```html

Simon Property Group (SPG) is a Real Estate Investment Trust (REIT) specializing in the ownership, development, and management of premier retail and mixed-use properties globally. The company's core business involves acquiring and operating high-quality shopping malls, outlet centers, and integrated destinations that combine retail with dining, entertainment, and sometimes other uses like residential or office spaces. Essentially, SPG provides the physical infrastructure where a multitude of businesses can operate and where communities gather for various activities.

The main products or services offered by SPG are the leasable commercial spaces within its extensive portfolio of properties. Its primary customers are the various retailers, restaurant operators, entertainment companies, and other commercial entities that lease space from Simon. These tenants benefit from the strategic locations and high consumer traffic generated by SPG's well-established destinations across North America, Europe, and Asia. Indirectly, SPG serves millions of consumers who visit its properties daily for shopping, dining, and entertainment, driving sales for its tenants and contributing to the vibrancy of these community hubs.

```

AI Analysis | Feedback

Here are 1-3 brief analogies for Simon Property:

  • Marriott for shopping malls. (Simon Property Group owns and manages a vast portfolio of shopping centers and mixed-use properties, much like Marriott owns and manages a portfolio of hotels.)
  • Disney, but for premier shopping and entertainment destinations. (Simon Property Group creates large-scale, curated environments for shopping, dining, and entertainment, acting as a destination for millions, similar to how Disney creates immersive entertainment destinations.)

AI Analysis | Feedback

  • Retail Space Leasing: Simon Property Group provides commercial real estate units for rent to retail, dining, and entertainment businesses within their shopping destinations.
  • Mixed-Use Property Leasing: The company offers leasable space for a variety of purposes, including residential, office, or hospitality, within their integrated mixed-use developments.

AI Analysis | Feedback

Simon Property Group (SPG) is a real estate investment trust that owns and operates premier shopping, dining, entertainment, and mixed-use destinations. As such, its major customers are the companies that lease space within its properties.

Here are some examples of major customer companies (tenants) that frequently lease space from Simon Property Group:

  • Macy's, Inc. (M)
  • Nordstrom, Inc. (JWN)
  • Gap Inc. (GPS), which includes brands like Gap, Banana Republic, and Old Navy
  • Bath & Body Works, Inc. (BBWI)
  • Starbucks Corporation (SBUX)
  • Apple Inc. (AAPL)

AI Analysis | Feedback

null

AI Analysis | Feedback

David E. Simon, Chairman of the Board, Chief Executive Officer and President

David E. Simon serves as the Chairman of the Board, Chief Executive Officer, and President of Simon Property Group. He is the son of Melvin Simon, who co-founded the company's predecessor, Melvin Simon & Associates. He began his career at First Boston and then worked as a vice president at Wasserstein Perella & Co., a Wall Street firm specializing in mergers and acquisitions and leveraged buyouts, from 1988 to 1990. In 1990, he joined Simon Property's precursor, Melvin Simon & Associates, as Chief Financial Officer. He led the efforts to take Simon Property Group public in 1993 with a nearly $1 billion initial public offering. He became CEO in 1995 and chairman in 2007. Simon has orchestrated over $38 billion in strategic acquisitions. He also serves as a board member of Apollo Global Management, Inc., a private equity firm.

Brian J. McDade, Executive Vice President and Chief Financial Officer

Brian J. McDade is the Executive Vice President and Chief Financial Officer of Simon Property Group. He joined Simon Property Group in 2004 and has served in various senior finance and accounting roles. Prior to his appointment as CFO on October 1, 2018, he was the company's Senior Vice President and Treasurer. He also serves as a Chief Financial Officer, Treasurer & Executive VP at Simon Property Group LP and Simon Property Group Acquisition Holdings, Inc., and is a Co-Manager at Outlet Site JV SARL.

Eli Simon, Executive Vice President and Chief Operating Officer

Eli Simon is the Executive Vice President and Chief Operating Officer of Simon Property Group, a role he was promoted to in August 2025. He works directly with David Simon on all aspects of the business, including property performance, new development projects, strategic investments, and brand strategy. Eli joined Simon Property Group in 2019, leading the company's investment strategy for both real estate and non-real estate investments. Before joining Simon, he was the Principal and Head of North American Lodging at Och-Ziff Capital Management and Och-Ziff Real Estate (now Sculptor Capital Management), where he oversaw lodging-related investments, including acquisitions and lending opportunities.

John Rulli, Chief Administrative Officer

John Rulli serves as the Chief Administrative Officer of Simon Property Group, a position he has held since 2007. He joined Melvin Simon & Associates, Inc., the predecessor to Simon Property Group, in 1988 and held various positions with the firm before becoming an Executive Vice President in 1993 and Chief Administrative Officer in 2000. He was promoted to Senior Executive Vice President in 2011.

Steven E. Fivel, General Counsel and Secretary

Steven E. Fivel has been the General Counsel and Secretary of Simon Property Group since January 1, 2017. He rejoined Simon in March 2011 as Assistant General Counsel. From February 1988 until December 1996, Fivel served Simon in various legal capacities, including real estate development, joint ventures, shopping center finance, and corporate transactions. From January 1997 through February 2011, he was the Executive Vice President, General Counsel, and Secretary of Brightpoint, Inc., a global leader in providing supply chain solutions to the wireless industry. He is also a member of the Supervisory Board of Directors of Klépierre, a publicly-traded French REIT.

AI Analysis | Feedback

```html

Key Risks to Simon Property (SPG)

  1. Shift to E-commerce and Tenant Bankruptcies: Simon Property Group faces a significant risk from the ongoing shift in consumer behavior towards online shopping and away from traditional brick-and-mortar retail. This trend can lead to decreased foot traffic in physical stores and shopping centers, potentially resulting in lower tenant sales and, consequently, reduced rental income for SPG. A direct consequence of this shift and broader economic pressures is the risk of tenant defaults, lease terminations, and increased vacancies within SPG's properties. The loss of anchor stores or large, nationally recognized tenants can particularly impact customer traffic and sales across entire properties.
  2. Interest Rate Sensitivity and Substantial Debt Burden: As a real estate investment trust (REIT) with a substantial debt burden, Simon Property Group is highly sensitive to changes in interest rates. Rising interest rates can significantly increase the cost of financing and refinancing SPG's debt, affecting its profitability and access to capital for future acquisitions or developments. This can also make REITs less attractive compared to other income-generating assets when rates are high.
  3. Exposure to Economic Cycles and Consumer Spending Fluctuations: The performance of the retail real estate sector, and thus Simon Property Group, is heavily influenced by general economic conditions and consumer spending patterns. Economic downturns or recessions can lead to reduced consumer confidence and discretionary spending, which directly impacts retail sales at SPG's properties. This can result in tenants struggling to meet rental obligations, leading to higher vacancies, lower rents, and increased concessions, all of which adversely affect SPG's financial performance.
```

AI Analysis | Feedback

The rapid advancement and potential mass adoption of virtual reality (VR) and augmented reality (AR) technologies for immersive shopping experiences. As these technologies mature, they could offer highly engaging and convenient ways for consumers to shop from home, potentially reducing the need and desire for physical visits to shopping centers for certain types of retail. This shift could impact foot traffic, tenant demand, and the overall value proposition of brick-and-mortar retail spaces.

AI Analysis | Feedback

The addressable markets for Simon Property (SPG), a real estate investment trust focused on premier shopping, dining, entertainment, and mixed-use destinations, can be sized across its operating regions:

  • Global Shopping Centres Market: The global shopping centers market size was valued at USD 6,277.24 billion in 2024. It is projected to grow to USD 10,267.96 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 5.62% from 2025 to 2033. The global commercial real estate market, which includes shopping centers, was valued at USD 6.72 trillion in 2024 and is expected to reach USD 9.11 trillion by 2033.
  • North America Commercial/Retail Real Estate Market: The North America real estate market generated a revenue of USD 871.3 billion in 2024. It is projected to reach USD 1,217.2 billion by 2030, with a CAGR of 5.9% from 2025 to 2030. Commercial properties were the largest revenue-generating segment in 2024. Another estimate places the North American real estate market at USD 2,250 billion. The U.S. commercial real estate market, in terms of transaction value, is expected to grow from USD 1.66 trillion in 2024 to USD 1.89 trillion by 2029, at a CAGR of 2.61%.
  • Europe Shopping Centre Market: Europe features a significant number of shopping centers, with over 1,100 centers sized between 30,000 and 50,000 square meters, and approximately 600 centers exceeding 50,000 square meters. Among these, about 90 are considered "mega centers" with sales areas over 100,000 square meters. Transaction volumes for European retail real estate amounted to €31 billion in 2025.
  • Asia-Pacific Retail/Commercial Real Estate Market: The Asia-Pacific real estate market is currently valued at approximately USD 1.2 trillion. More specifically, the Asia Pacific real estate market generated a revenue of USD 2,198.1 billion in 2024 and is anticipated to reach USD 3,182.9 billion by 2030, with a CAGR of 6.6% from 2025 to 2030. The commercial real estate market in Asia-Pacific held the largest share globally at 33% in 2025.

AI Analysis | Feedback

For Simon Property (NYSE: SPG), several key drivers are expected to contribute to future revenue growth over the next two to three years:

  1. Strong Occupancy and Leasing Momentum: Simon Property Group continues to demonstrate robust occupancy rates across its portfolio, with malls and premium outlets reporting 96.4% occupancy at year-end 2025 and The Mills at 99.2%. The company signed over 4,600 leases totaling more than 17 million square feet in 2025, with approximately 30% of these being new deals, indicating sustained tenant demand and a healthy leasing pipeline. Continued high occupancy and active leasing are expected to drive consistent rental income.

  2. Rental Rate Increases and Pricing Power: SPG has been successful in increasing average base minimum rents, with a 4.7% year-over-year increase across malls and premium outlets in Q4 2025. New leases are being signed at rents higher than the portfolio average. This reflects the company's pricing power in its high-quality retail real estate, which is anticipated to further boost revenue as existing leases renew and new tenants move in.

  3. Redevelopment and Mixed-Use Densification: Simon Property Group has an active redevelopment pipeline exceeding $4 billion, with phased completions expected through 2025-2027. These projects involve converting legacy department store spaces and excess land into mixed-use destinations, incorporating apartments, hotels, medical/office facilities, food and beverage options, and entertainment. This strategy aims to capture higher returns and drive increased foot traffic to its properties, thereby diversifying and growing revenue streams.

  4. Integration and Optimization of Acquired Portfolios: The full benefits of the acquisition and integration of Taubman Realty Group (TRG) are projected to be realized by 2027. Operational integration is expected to lift the yield by at least 50 basis points, with TRG properties already contributing to the growth in average base minimum rent. This continued optimization of acquired assets will contribute to enhanced revenue generation.

AI Analysis | Feedback

Share Repurchases

  • Simon's Board of Directors authorized a new common stock repurchase program of up to $2.0 billion through February 29, 2028. This program replaces a prior $2.0 billion authorization, which had approximately $1.7 billion remaining.
  • In fiscal year 2025, Simon Property Group repurchased $226.8 million of common stock.

Share Issuance

  • In November 2025, Simon acquired the remaining 12% interest in The Taubman Realty Group limited partnership by issuing 5.06 million limited partnership units in Simon Property Group L.P.
  • Simon issued Klépierre exchangeable bonds in November 2023.

Inbound Investments

  • In the third quarter of 2025, Wellington Management Group LLP increased its holdings in Simon Property Group by 634.5%, adding 6,366,711 shares for an estimated value of over $1.19 billion.
  • Aew Capital Management L.P. significantly boosted its stake in Simon Property Group by 90.9% in Q3 2025, holding 530,155 shares valued at approximately $99.5 million.
  • During Q3 2025, Capital World Investors increased their portfolio by 45.0%, adding 2,600,508 shares in Simon Property Group, estimated at over $488 million.

Outbound Investments

  • In 2025, Simon acquired $2 billion of high-quality retail properties.
  • Simon acquired the remaining 12% interest in The Taubman Realty Group on October 31, 2025, leading to the consolidation of TRG.
  • In 2025, Simon acquired Phillips Place for $143.8 million and consolidated the retail component of Brickell City Centre through a $497.7 million transaction.

Capital Expenditures

  • Simon's capital expenditures for the latest twelve months ending September 2025 were $897.3 million.
  • For the nine months ended September 30, 2025, capital expenditures focused on maintaining and enhancing property quality, particularly in creating experiential retail environments.
  • As of November 2025, Simon's share of the net cost for development projects across all platforms was $1.25 billion, with approximately 40% allocated to mixed-use projects and an expected blended yield of 9%.

Better Bets vs. Simon Property (SPG)

Peer Outperformance in Retail REITs

SPG has outperformed 90% of its 21 Retail REITs peers over 5Y. Retail REITs ranks 2nd of 12 industries in Real Estate by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Retail REITs constituents that SPG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
83%
of 23 industry peers · 33.6% return
3Y
91%
of 22 industry peers · 117.1% return
5Y
90%
of 21 industry peers · 114.4% return
No Retail REITs peer with a comparable growth profile has beaten SPG by more than 20pp over 5Y.
Median price return by industry across the Real Estate sector, ranked by 5Y. Retail REITs is SPG's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care REITs 14 20.8%58.0%55.4% WELL 212% · DHC 143% · CTRE 122%
Retail REITs ← 22 21.7%40.2%40.4% IVT 1652% · SKT 172% · SPG 114%
Other Specialized REITs 11 6.0%18.9%23.9% IRM 241% · LAMR 82% · EPR 76%
Real Estate Development 6 -1.5%15.3%22.5% AXR 75% · JOE 59% · FOR 43%
Hotel & Resort REITs 16 39.3%34.4%12.9% RHP 84% · HST 83% · DRH 61%
Industrial REITs 11 21.4%25.7%7.2% EGP 35% · FR 31% · PLD 23%
Single-Family Residential REITs 3 4.6%5.4%-9.1% AMH -5% · ELS -9% · INVH -10%
Multi-Family Residential REITs 15 2.6%12.1%-11.3% AIV 27% · ESS 9% · BRT 7%
Diversified REITs 12 14.5%26.4%-11.4% CTO 80% · EPRT 24% · WPC 23%
Real Estate Services 27 -14.9%-7.3%-24.3% CHCI 190% · CBRE 60% · JLL 50%
Office REITs 18 8.9%24.6%-30.6% CDP 62% · PSTL 56% · SLG 7%
Telecom Tower REITs 3 -12.6%-12.9%-43.4% AMT -27% · SBAC -43% · CCI -50%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

SPGKIMREGBRXFRTMACMedian
NameSimon Pr.Kimco Re.Regency .Brixmor .Federal .Macerich  
Mkt Price219.5824.4176.7129.98118.3924.7153.34
Mkt Cap71.116.414.09.210.26.812.1
Rev LTM6,9412,1871,5851,4041,3351,0061,494
Op Inc LTM3,290757592522461164557
FCF LTM3,2181,179819685329307752
FCF 3Y Avg3,1371,062776638323302707
CFO LTM4,1231,179819685631307752
CFO 3Y Avg3,9841,062776638600302707

Growth & Margins

SPGKIMREGBRXFRTMACMedian
NameSimon Pr.Kimco Re.Regency .Brixmor .Federal .Macerich  
Rev Chg LTM15.0%4.4%7.8%5.8%8.0%1.3%6.8%
Rev Chg 3Y Avg8.6%7.6%8.6%4.4%6.4%5.3%7.0%
Rev Chg Q19.5%4.9%8.3%4.3%7.8%-0.0%6.3%
QoQ Delta Rev Chg LTM4.4%1.2%2.0%1.1%1.8%-0.0%1.5%
Op Inc Chg LTM7.0%9.3%11.7%10.8%3.1%-4.5%8.1%
Op Inc Chg 3Y Avg7.4%9.5%7.9%5.4%6.8%1.8%7.1%
Op Mgn LTM47.4%34.6%37.3%37.2%34.5%16.3%35.9%
Op Mgn 3Y Avg49.8%33.3%36.1%36.4%35.1%17.6%35.6%
QoQ Delta Op Mgn LTM-0.9%0.8%-0.2%-0.1%-1.3%-0.3%-0.2%
CFO/Rev LTM59.4%53.9%51.7%48.8%47.3%30.5%50.3%
CFO/Rev 3Y Avg63.8%51.4%52.7%48.0%48.2%31.5%49.8%
FCF/Rev LTM46.4%53.9%51.7%48.8%24.7%30.5%47.6%
FCF/Rev 3Y Avg50.2%51.4%52.7%48.0%26.0%31.5%49.1%

Valuation

SPGKIMREGBRXFRTMACMedian
NameSimon Pr.Kimco Re.Regency .Brixmor .Federal .Macerich  
Mkt Cap71.116.414.09.210.26.812.1
P/S10.37.58.96.67.66.77.6
P/Op Inc21.621.723.717.622.241.221.9
P/EBIT11.019.618.213.815.990.317.0
P/E15.427.025.721.323.4-39.922.3
P/CFO17.313.917.113.416.222.016.7
Total Yield7.2%8.1%8.6%8.7%8.1%0.3%8.1%
Dividend Yield0.7%4.4%4.7%4.0%3.9%2.9%3.9%
FCF Yield 3Y Avg5.5%7.2%6.0%7.9%3.6%6.9%6.4%
D/E0.40.50.40.60.50.70.5
Net D/E0.40.50.40.60.50.70.5

Returns

SPGKIMREGBRXFRTMACMedian
NameSimon Pr.Kimco Re.Regency .Brixmor .Federal .Macerich  
1M Rtn-1.1%-2.7%-4.1%-4.4%-3.1%-1.8%-2.9%
3M Rtn11.0%7.3%1.8%3.6%5.6%15.2%6.4%
6M Rtn14.1%9.9%2.6%4.5%15.2%35.6%12.0%
12M Rtn33.6%20.8%12.3%18.7%31.8%47.0%26.3%
3Y Rtn117.1%42.2%37.3%54.3%35.6%128.1%48.2%
1M Excs Rtn-7.2%-9.6%-10.2%-10.8%-8.9%-7.7%-9.2%
3M Excs Rtn5.7%2.7%-3.1%-1.1%1.2%7.6%1.9%
6M Excs Rtn3.4%-2.1%-10.6%-8.5%1.3%27.0%-0.4%
12M Excs Rtn12.9%-1.7%-9.5%-4.0%10.2%22.7%4.2%
3Y Excs Rtn41.1%-36.0%-42.5%-25.0%-43.6%47.0%-30.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Real estate segment6,0175,5425,3235,056 
All other & eliminations, net348421336235 
Lease income    4,737
Management fees and other revenues    106
Other income    274
Total6,3655,9645,6595,2915,117


Price Behavior

Price Behavior
Market Price$219.58 
Market Cap ($ Bil)71.4 
First Trading Date12/14/1993 
Distance from 52W High-7.2% 
   50 Days200 Days
DMA Price$221.80$196.22
DMA Trendupup
Distance from DMA-1.0%11.9%
 3M1YR
Volatility20.4%19.0%
Downside Capture-28.436.82
Upside Capture23.8638.58
Correlation (SPY)-12.0%17.9%
SPG Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.31-0.26-0.110.290.310.78
Up Beta-2.30-0.98-0.410.170.430.80
Down Beta0.070.090.110.510.400.89
Up Capture33%22%21%41%34%52%
Bmk +ve Days11223567138427
Stock +ve Days11263671135404
Down Capture-5%-63%-46%4%1%84%
Bmk -ve Days11212859114326
Stock -ve Days11172654116345

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SPG
SPG33.4%19.0%1.39-
Sector ETF (XLRE)12.3%14.2%0.5970.0%
Equity (SPY)21.5%12.8%1.2517.7%
Gold (GLD)30.0%28.5%0.910.1%
Commodities (DBC)38.1%20.1%1.49-22.6%
Real Estate (VNQ)14.4%13.9%0.7372.8%
Bitcoin (BTCUSD)-48.7%42.8%-1.441.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SPG
SPG16.2%26.0%0.57-
Sector ETF (XLRE)2.6%19.2%0.0372.4%
Equity (SPY)13.4%17.2%0.6060.4%
Gold (GLD)19.5%18.6%0.854.5%
Commodities (DBC)9.6%19.6%0.3811.2%
Real Estate (VNQ)2.3%18.9%0.0275.3%
Bitcoin (BTCUSD)8.2%52.8%0.3423.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with SPG
SPG5.3%37.1%0.25-
Sector ETF (XLRE)6.4%20.4%0.2764.7%
Equity (SPY)15.4%17.9%0.7353.0%
Gold (GLD)12.0%16.2%0.600.9%
Commodities (DBC)7.7%18.0%0.3423.0%
Real Estate (VNQ)5.0%20.7%0.2070.5%
Bitcoin (BTCUSD)60.0%66.1%1.0015.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity9.8 Mil
Short Interest: % Change Since 7152026-4.4%
Average Daily Volume1.3 Mil
Days-to-Cover Short Interest7.3 days
Basic Shares Quantity324.0 Mil
Short % of Basic Shares3.0%

Earnings Returns History

Updated 8/13/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-0.5%  
5/11/20262.3%-0.3%7.0%
2/2/2026-0.9%2.8%6.2%
11/3/20253.4%3.5%3.8%
8/4/20253.3%0.8%9.7%
5/12/2025-6.2%-4.1%-5.6%
2/4/20253.3%6.4%0.7%
11/1/2024-0.8%3.9%7.2%
...
SUMMARY STATS   
# Positive141516
# Negative1198
Median Positive3.3%4.1%7.1%
Median Negative-2.9%-3.6%-6.5%
Max Positive6.4%12.1%16.5%
Max Negative-6.2%-6.1%-9.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/10/2026-0.5%  
5/11/20262.3%-0.3%7.0%
2/2/2026-0.9%2.8%6.2%
11/3/20253.4%3.5%3.8%
8/4/20253.3%0.8%9.7%
5/12/2025-6.2%-4.1%-5.6%
2/4/20253.3%6.4%0.7%
11/1/2024-0.8%3.9%7.2%
8/5/20245.1%3.4%11.5%
5/6/20242.4%1.8%6.2%
2/5/20244.8%6.5%11.4%
10/30/20234.3%11.2%16.5%
8/2/2023-4.6%-4.2%-8.5%
5/2/2023-4.0%-5.0%-7.7%
2/6/2023-2.1%-2.2%-5.0%
11/1/20224.5%7.2%9.6%
8/1/2022-2.9%0.2%-4.5%
5/9/20220.7%-1.1%-7.3%
2/7/2022-4.6%-6.1%-9.8%
11/1/20216.4%12.1%-1.1%
8/2/20212.5%5.2%6.4%
5/10/2021-3.2%-3.6%7.0%
2/8/20213.6%11.2%15.5%
11/9/2020-0.3%-0.2%14.8%
8/10/20202.6%4.1%5.2%
SUMMARY STATS   
# Positive141516
# Negative1198
Median Positive3.3%4.1%7.1%
Median Negative-2.9%-3.6%-6.5%
Max Positive6.4%12.1%16.5%
Max Negative-6.2%-6.1%-9.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202302/22/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/10/202610-Q
03/31/202605/11/202610-Q
12/31/202502/25/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/12/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/07/202410-Q
03/31/202405/07/202410-Q
12/31/202302/22/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/09/202210-Q
12/31/202102/24/202210-K
09/30/202111/03/202110-Q
06/30/202108/04/202110-Q
03/31/202105/10/202110-Q
12/31/202002/25/202110-K
09/30/202011/09/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201902/21/202010-K
09/30/201911/06/201910-Q

Recent Forward Guidance

Updated 8/11/2026

Latest: Q2 2026 Earnings Reported 8/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Income per diluted share6.476.977.474.3% RaisedGuidance: 6.68 for 2026
2026 Real Estate FFO per share13.213.213.30.6% RaisedGuidance: 13.2 for 2026

Prior: Q1 2026 Earnings Reported 5/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Dividends 2.25    
2026 Estimated net income attributable to common stockholders per diluted share6.616.686.76-4.4% LoweredGuidance: 7 for 2026
2026 Estimated Real Estate FFO per diluted share13.113.213.20.4% RaisedGuidance: 13.1 for 2026

Q4 2025 Earnings Reported 2/2/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Income per diluted share6.8777.123.0% Higher NewGuidance: 6.79 for 2025
2026 Real Estate FFO per diluted share1313.113.23.8% Higher NewGuidance: 12.7 for 2025

Q3 2025 Earnings Reported 11/3/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Net Income per diluted share6.746.796.840.9% RaisedGuidance: 6.73 for 2025
2025 Real Estate FFO per diluted share12.612.712.70.8% RaisedGuidance: 12.6 for 2025

Insider Activity

Updated 7/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Roe, PeggyDirectBuy7012026223.158919,8611,795,724Form
2Selig, Stefan MDirectBuy7012026223.2722049,1207,549,222Form
3Leibowitz, Reuben SDirectBuy7012026223.38508113,47512,463,742Form
4Glasscock, Larry CDirectBuy7012026223.3839788,68210,253,626Form
5Cicco, Martin JDirectBuy7012026223.17153,348309,538Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Roe, PeggyDirectBuy7012026223.158919,8611,795,724Form
2Selig, Stefan MDirectBuy7012026223.2722049,1207,549,222Form
3Leibowitz, Reuben SDirectBuy7012026223.38508113,47512,463,742Form
4Glasscock, Larry CDirectBuy7012026223.3839788,68210,253,626Form
5Cicco, Martin JDirectBuy7012026223.17153,348309,538Form
6Stewart, Marta RDirectBuy7012026223.1618240,6144,016,799Form
7Smith, Daniel CDirectBuy7012026223.3137283,0707,699,583Form
8Rodkin, Gary MDirectBuy7012026223.3425657,1754,693,676Form
9Lewis, Randall JDirectBuy7012026223.166213,8361,566,164Form
10Jones, Nina PDirectBuy7012026223.16439,596933,463Form
11Aeppel, GlynDirectBuy7012026223.3624354,2754,705,430Form
12Stewart, Marta RDirectBuy4012026183.8019636,0253,068,725Form
13Smith, Daniel CDirectBuy4012026183.8035565,2496,071,833Form
14Selig, Stefan MDirectBuy4012026183.8020637,8635,970,375Form
15Roe, PeggyDirectBuy4012026183.808114,8881,265,463Form
16Rodkin, Gary MDirectBuy4012026183.8023242,6423,618,471Form
17Lewis, Randall JDirectBuy4012026183.805610,2931,081,295Form
18Jones, Nina PDirectBuy4012026183.80366,617563,715Form
19Leibowitz, Reuben SDirectBuy4012026183.8049190,2469,949,094Form
20Glasscock, Larry CDirectBuy4012026183.8037368,5578,137,194Form
21Aeppel, GlynDirectBuy4012026183.8022140,6203,621,228Form
22Rulli, JohnCHIEF ADMINISTRATIVE OFFICERDirectSell2262026200.8810,0002,008,8007,173,425Form
23Smith, Daniel CDirectBuy1052026186.0034764,5426,078,480Form
24Selig, Stefan MDirectBuy1052026186.0020137,3866,003,522Form
25Roe, PeggyDirectBuy1052026186.007814,5081,265,544Form
26Stewart, Marta RDirectBuy1052026186.0019235,7123,069,000Form
27Rodkin, Gary MDirectBuy1052026186.0022642,0363,618,630Form
28Lewis, Randall JDirectBuy1052026186.005410,0441,083,822Form
29Leibowitz, Reuben SDirectBuy1052026186.0048089,2809,976,854Form
30Jones, Nina PDirectBuy1052026186.00356,510563,766Form
31Glasscock, Larry CDirectBuy1052026186.0036367,5188,165,214Form
32Aeppel, GlynDirectBuy1052026186.0021640,1763,623,466Form
33Lewis, Randall JDirectBuy12162025183.96545100,2581,062,001Form
34Lewis, Randall JDirectBuy11182025180.80588106,310945,222Form
35Stewart, Marta RDirectBuy10012025185.9518634,5873,032,473Form
36Roe, PeggyDirectBuy10012025185.957614,1321,250,700Form
37Leibowitz, Reuben SDirectBuy10012025185.9546486,28110,907,641Form
38Smith, Daniel CDirectBuy10012025185.9533562,2936,012,321Form
39Selig, Stefan MDirectBuy10012025185.9519536,2605,964,532Form
40Rodkin, Gary MDirectBuy10012025185.9521940,7233,575,633Form
41Lewis, Randall JDirectBuy10012025185.95539,855862,808Form
42Jones, Nina PDirectBuy10012025185.95346,322557,106Form
43Glasscock, Larry CDirectBuy10012025185.9535165,2688,095,519Form
44Aeppel, GlynDirectBuy10012025185.9520838,6783,582,327Form
45Stewart, Marta RDirectBuy8152025171.54427,2052,765,568Form
46Stewart, Marta RDirectBuy7012025159.2920833,1322,561,383Form
47Smith, Daniel CDirectBuy7012025159.2937860,2125,096,961Form
48Selig, Stefan MDirectBuy7012025159.2921934,8855,078,324Form
49Roe, Peggy FangDirectBuy7012025159.298613,6991,059,278Form
50Rodkin, Gary MDirectBuy7012025159.2924639,1853,028,103Form
51Lewis, Randall JDirectBuy7012025159.29599,398730,663Form
52Leibowitz, Reuben SDirectBuy7012025159.2952283,1499,269,882Form
53Jones, Nina PDirectBuy7012025159.29386,053471,817Form
54Glasscock, Larry CDirectBuy7012025159.2939663,0796,878,939Form
55Aeppel, GlynDirectBuy7012025159.2923437,2743,035,590Form

Investor Activity (13F)

Updated Aug 15, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Bbfit Investments PTE LTD$80.7 Mil9.6%7Hold13F
Resolution Capital Ltd$372.8 Mil7.8%40Hold13F
Vert Asset Management LLC$23.7 Mil7.5%48Hold13F
Land & Buildings Investment Management, LLC$40.6 Mil6.9%20ADD +29.8%13F
Smead Capital Management, Inc.$291.0 Mil6.3%32TRIM -12.9%13F
Adelante Capital Management LLC$83.8 Mil5.7%42TRIM -7.0%13F
B&I Capital AG$12.9 Mil4.4%24Hold13F
Lasalle Investment Management Securities LLC$105.8 Mil4.2%48ADD +6.4%13F
Hamlin Capital Management, LLC$167.5 Mil4.0%30Hold13F
Hazelview Securities Inc.$20.0 Mil3.7%45TRIM -37.6%13F
Minneapolis Portfolio Management Group, LLC$32.8 Mil3.5%33Hold13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Land & Buildings Investment Management, LLC$40.6 Mil6.9%20ADD +29.8%13F
Lasalle Investment Management Securities LLC$105.8 Mil4.2%48ADD +6.4%13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Nixon Capital, LLC$11.2 Mil2.9%29ExitedDec 31, 202513F
Hazelview Securities Inc.$20.0 Mil3.7%45TRIM -37.6%Mar 31, 202613F
Smead Capital Management, Inc.$291.0 Mil6.3%32TRIM -12.9%Mar 31, 202613F
Adelante Capital Management LLC$83.8 Mil5.7%42TRIM -7.0%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Resolution Capital Ltd$372.8 Mil7.8%40Hold13F
Smead Capital Management, Inc.$291.0 Mil6.3%32TRIM -12.9%13F
Hamlin Capital Management, LLC$167.5 Mil4.0%30Hold13F
Lasalle Investment Management Securities LLC$105.8 Mil4.2%48ADD +6.4%13F
Adelante Capital Management LLC$83.8 Mil5.7%42TRIM -7.0%13F
Bbfit Investments PTE LTD$80.7 Mil9.6%7Hold13F
Land & Buildings Investment Management, LLC$40.6 Mil6.9%20ADD +29.8%13F
Minneapolis Portfolio Management Group, LLC$32.8 Mil3.5%33Hold13F
Vert Asset Management LLC$23.7 Mil7.5%48Hold13F
Hazelview Securities Inc.$20.0 Mil3.7%45TRIM -37.6%13F
B&I Capital AG$12.9 Mil4.4%24Hold13F
Core Cache Last Updated: 8/14/2026