Simon Property Group Stock outlook: is Wall Street Bullish or Bearish?
Valued at a market cap of $53.7 billion, Simon Property Group, Inc. (SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills.
Shares of the REIT have slightly underperformed the broader market over the past 52 weeks. SPG has risen 10.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.5%. Moreover, shares of SPG are down 4.5% on a YTD basis, compared to SPX’s 1.4% return.
However, zooming in further, the Indianapolis, Indiana-based company has outpaced the Real Estate Select Sector SPDR Fund’s (XLRE) 8.6% return over the past 52 weeks.
Simon Property Group’s stock prices fell 6.2% following the release of its Q1 2025 on May 12. The company reported quarterly revenue of $1.5 billion, reflecting a 2.1% year-over-year increase, which fell short of consensus estimates. Its real estate funds from operations (FFO) per share grew 1.4% from the prior year quarter to $2.95 per share.
Looking ahead to fiscal 2025, Simon Property reaffirmed its real estate FFO per share guidance in the range of $12.40 to $12.65.
For the current fiscal year, ending in December 2025, analysts expect SPG’s FFO to decline 3.9% year-over-year to $12.49 per share. The company's earnings surprise history is mixed. It beat the consensus estimates in two of the past four quarters while missing on two other occasions.
Among the 18 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on nine “Strong Buy” ratings and nine “Holds.”
This configuration is slightly more bullish than three months ago, with eight “Strong Buy” ratings on the stock.
On May 13, Stifel analyst Simon Yarmak raised SPG’s price target to $180 while maintaining a “Buy” rating.
As of writing, Simon Property Group is trading below the mean price target of $186.78. The Street-high price target of $220 implies a potential upside of a staggering 33.7% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.