Simon Property Group, Inc. (NYSE:SPG) Monthly Stock Report - January 02, 2026

Company Overview

Simon Property Group, Inc. (NYSE:SPG), headquartered in Indianapolis, Indiana, is one of the largest self-administered and self-managed real estate investment trusts (REITs) in the retail sector. The company operates through Simon Property Group, L.P., owning, developing, and managing premier shopping, dining, and entertainment destinations. With a diverse portfolio that includes malls, Premium Outlets, The Mills, and International Properties, Simon has established a strong foothold across North America, Asia, and Europe.

As of December 31, 2024, Simon Property Group boasts ownership or interests in 229 properties totaling approximately 183 million square feet. Notably, the firm holds an 88% stake in The Taubman Realty Group, operating 22 malls in the U.S. and Asia, and a 22.4% ownership interest in Klepierre, a Paris-based company overseeing shopping centers in 14 European nations. With an emphasis on robust retail experiences, SPG stands poised as a leader in the retail REIT sector.

52-Week Price Performance Analysis

52-Week Price Performance Chart

The recent trajectory of Simon Property Group's stock has pointed toward a bullish trend. Currently priced at $183.08, the company's stock has demonstrated significant resilience and growth potential. Over the last year, SPG marked a 52-week high of $190.14 and a low of $136.34, illustrating the volatility often associated with retail properties amidst changing consumer behaviors.

The price chart reveals key support and resistance dynamics critical for investors:

• Resistance Levels: A notable resistance level around $170 was tested multiple times during the February and March peaks. After breaking this resistance in September, it established itself as a new support area. The immediate resistance appears to be around $185, indicated by recent price peaks in December.

• Support Levels: The green trend line on the chart indicates consistent upward movement, highlighting higher highs and higher lows, lending credibility to the bullish sentiment.

With the stock currently trading above its 50-day moving average of $182.33, it suggests a favorable short-term performance. Moreover, the recent consolidation in the $180 to $185 range indicates a potential accumulation phase, foreshadowing a possible breakout. Advancing above the $185.11 mark may confirm a continuation of the bullish trend, while a drop below $170 could signal caution.

Financial Performance and Metrics

Simon Property Group's financial health remains robust, highlighted by key performance indicators:

• Total Revenue: Approximately $6.16 billion, underscoring the firm's ability to produce substantial income from its rental properties.
• Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA): Approximately $4.55 billion, indicating strong operational performance and profitability.
• Shares Outstanding: SPG holds 326,462,060 shares outstanding, with a short interest of 5,168,946 shares, accounting for just 0.0216% of the company's float. This low short percentage suggests limited bearish sentiment among investors.
• Current Stock Price: The current price of $183.08 reflects latent growth potential, with analysts projecting a high price target of $225, implying an upside of roughly 23%. The mean target price stands at $194.05, suggesting a conservative estimate for steady gains.

Additionally, Simon Property Group's strong financials are bolstered by recent actions, including a 4.8% year-over-year increase in its quarterly dividend to $2.20 per share, reflecting a commitment to shareholder returns.

Recent News and Developments

Recent updates regarding Simon Property Group reveal a mixed yet optimistic outlook:

• On November 10, 2025, Piper Sandler raised its price target for SPG from $210 to $225 while maintaining an "Overweight" rating. This adjustment reflects positive sentiment regarding the integration of Simon's acquisition of Taubman Centers, projecting modest benefits in 2026 and significant growth in 2027.

• Conversely, on September 1, 2025, Stifel downgraded SPG from "Buy" to "Hold," stemming from concerns regarding valuation as the stock traded above their $179 price target.

Additionally, SPG's performance has outshined its industry peers, registering 15.7% growth over the last three months compared to the industry's 7.7%. Strategic initiatives, including bolstering omnichannel retail capabilities and enhancing mixed-use developments, are pivotal to this outperformance.

Market Sentiment and Analyst Recommendations

The market sentiment surrounding Simon Property Group appears cautiously optimistic. With a recommendation key of "buy" and an average recommendation rating of 2.29 derived from 20 analysts, this collective assessment hints at a favorable outlook for SPG's stock performance.

• Analyst Price Targets:
• High Target Price: $225.00
• Mean Target Price: $194.05
• Median Target Price: $190.50

This indicates analysts believe that the stock has considerable upside, contingent on favorable market conditions and continued operational performance.

Conclusion

Simon Property Group, Inc. represents a compelling investment opportunity within the retail REIT sector. Despite the volatility observed in the stock price over the past year, the overall bullish trend, solid financial metrics, and continued support for its dividend are positive indicators for long-term investors. Strategic growth through acquisitions and market adaptations positions SPG as a resilient player in the ongoing evolution of retail.

While the recent upgrades in price targets indicate a promising outlook, potential investors should weigh the recommended "buy" against valuation concerns as noted by recent analyst downgrades. With market conditions rapidly evolving, monitoring developments and maintaining perspective on support and resistance levels will be crucial to informed investment decisions in Simon Property Group.