Simon
Simon Property Group (NYSE: SPG) is a publicly traded S&P 100 REIT that owns and operates the largest US portfolio of regional malls, Premium Outlets, and Mills shopping destinations across 10 countries, leasing space to 500+ retail brands and serving affluent shoppers through digital and physical channels.
- Company typePublic
- Founded1958
- HeadquartersIndianapolis, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Simon does
Simon Property Group (NYSE: SPG) is a publicly traded real estate investment trust (REIT) and S&P 100 company founded in 1958 and headquartered at 225 West Washington Street, Indianapolis. The company owns and operates a diversified retail real estate portfolio spanning regional malls, Premium Outlets, The Mills, community/lifestyle centers, and international designer outlets across 10 countries in North America, Europe, and Asia. Simon serves two principal customer groups: enterprise retail tenants (luxury brands, fashion retailers, restaurants, and entertainment operators) that lease space in its properties, and consumers/shoppers who visit its destinations for shopping, dining, and entertainment. Portfolio occupancy stood at 96.0% as of March 31, 2026, with retailer sales of $819 per square foot, up 11.8% year-over-year.
The company monetizes its portfolio primarily through recurring rental income from long-term tenant leases, supplemented by ancillary revenue streams including the Simon+ loyalty program (cash back, points, exclusive offers), ShopSimon e-commerce marketplace, Simon Giftcard, the Simon Media Network (in-mall advertising and sponsorship), and EV charging infrastructure deployed via partnerships with Electrify America and bp pulse. The company also operates Simon Innovation Group and Simon Ventures as corporate venture and innovation arms. Digital consumer-facing assets include the Simon mobile app, Simon+ rewards platform, and ShopSimon online marketplace, providing an omnichannel layer over the physical portfolio. Q1 2026 reported Real Estate FFO of $1.208 billion (up 7.5% YoY) and net income of $479.6 million, with a quarterly dividend of $2.25 per share (up 7.1%). The capital structure includes a $5.0 billion unsecured revolving credit facility maturing June 2030 and an authorized $2.0 billion common stock repurchase program.
Simon's go-to-market is sales-led, focused on attracting premium and luxury retail tenants to its high-traffic destinations. Signature experiential marketing events (such as the National Outlet Shopping Day, which grew participation 65%+ since its inaugural year with 6,000+ offers from 500+ brands) and strategic brand partnerships (e.g., adidas soccer fan experiences at ~90 centers) drive consumer foot traffic. The company pursues a hybrid segmentation strategy targeting both enterprise B2B tenants and affluent consumer shoppers, with technology-enabled loyalty and e-commerce touchpoints extending engagement beyond the physical visit.
Simon firmographics
Firmographics- Name
- Simon
- Legal name
- Simon Media Properties, LLC
- Website
- https://business.simon.com
- Company type
- Public
- Founded year
- 1958
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Simon Property Group (NYSE: SPG) is a publicly traded S&P 100 REIT that owns and operates the largest US portfolio of regional malls, Premium Outlets, and Mills shopping destinations across 10 countries, leasing space to 500+ retail brands and serving affluent shoppers through digital and physical channels.
- Ownership category
- akta.pro rank
Simon industry classification
Industry- Product category
- Retail Real Estate
- NAICS
- Lessors of Other Real Estate Property (531190), Real Estate Property Managers (53131), Other Activities Related to Real Estate (531390)
- SIC
- Real Estate Investment Trusts (6798), Operators Of Nonresidential Buildings (6512), Real Estate (6500)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)
Keywords
Where Simon is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Simon business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Others
Revenue model
- Retail Leasing: Revenue generated from leasing retail space to tenants including luxury brands, fashion retailers, restaurants, and entertainment operators across regional malls, premium outlets, and Mills properties
- Real Estate Funds From Operations: Core operating earnings from portfolio management, tenant leases, and property operations; Q1 2026 Real Estate FFO of $1.208 billion representing 7.5% year-over-year growth
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Simon product offering
Product offeringCore offering
Simon Property Group owns, operates, and leases a diversified portfolio of retail real estate including Regional Malls, Premium Outlets, The Mills, Community/Lifestyle Centers, and international Designer Outlets. Beyond physical real estate, Simon offers the ShopSimon e-commerce marketplace, the Simon+ consumer loyalty rewards program, Simon Giftcards, and the Simon Media Network for in-mall advertising. For tenants and brand partners, Simon provides commercial leasing services across retail, restaurant, specialty, and mixed-use categories.
Product overview
Simon Property Group operates a diversified real estate portfolio of shopping and entertainment destinations across multiple formats: Regional Malls, Premium Outlets®, The Mills®, and Community/Lifestyle Centers. The portfolio also includes Designer Outlets internationally, Office Spaces, and Hotels/Residential properties. Beyond physical real estate, Simon offers digital consumer-facing products including Simon+® (loyalty rewards program), ShopSimon® (e-commerce platform), and Simon Giftcard. For business customers, Simon provides leasing services across retail, restaurant, specialty, and mixed-use categories, along with the Simon Media Network (advertising and sponsorship opportunities). The company also operates innovation and investment arms through Simon Innovation Group and Simon Ventures, and has partnered with Electrify America and bp pulse to deploy EV charging infrastructure across its properties.
Differentiator
Problem solved
Functional benefit
Brands
- Simon+: Loyalty rewards program offering cash back, rewards, and exclusive offers to members.
- ShopSimon
Products and services
- Regional Malls Shopping mall properties across North America, Europe, and Asia serving as anchor destinations for retail, dining, and entertainment tenants and consumers.
- Premium Outlets Premium outlet centers offering brand-name and designer merchandise at discounted prices across a network of over 90 domestic and international locations.
- The Mills Large-format shopping destinations combining retail, dining, and entertainment experiences at Mills properties nationwide.
- Community/Lifestyle Centers Open-air shopping centers providing neighborhood retail and dining options in community settings.
- Designer Outlets International designer outlet locations across Europe and Asia featuring luxury and premium brand outlets.
- Simon+ Loyalty Program Loyalty rewards program offering cash back, rewards points, and exclusive member-only offers for shoppers at Simon properties, accessible via mobile app and email.
- ShopSimon E-commerce platform enabling consumers to shop curated deals, browse by brand and collection, and access sales across Simon's retail network.
- Simon Giftcard Gift card program allowing consumers to purchase and redeem gift cards for shopping and dining at Simon centers.
- Simon Media Network In-mall advertising network offering promotional space, sponsorships, audience segments, and retail data for brands to reach shoppers at Simon destinations.
- Leasing Services Commercial leasing solutions for retail, restaurant, specialty leasing, brick-and-mortar expansion, specialty development, mixed-use, and storage spaces at Simon properties.
- EV Charging Infrastructure Electric vehicle charging stations deployed at Simon properties through partnerships with Electrify America (500+ Hyper-Fast DC chargers at 105 properties across 27 US states and 2 Canadian provinces) and bp pulse (900+ charging bays), offering amenity service for shoppers.
Quantifiable outcome
- 96% portfolio occupancy with $819/sq ft retailer sales per square foot (up 11.8% YoY)
- +1 more outcomes
Companies that use Simon
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Simon technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Simon partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- adidascoreSummer soccer fan experiences partnership delivering activations at select Simon locations nationwide. Includes block parties, watch parties, exclusive product releases, and a traveling Match Ball installation at venues including Del Amo Fashion Center, Houston Premium Outlets, Sawgrass Mills, and Phipps Plaza, with enhanced in-store activations at approximately 90 Simon centers.
- Casa Tua CucinaminorMiami-founded Italian restaurant concept opening 17,000-square-foot marketplace at Copley Place in Boston's Back Bay. Target debut late 2027 or early 2028, seating approximately 270 guests in former Neiman Marcus space.
- Estiatorio MilosminorGreek seafood restaurant concept joining Copley Place redevelopment in Boston alongside luxury retailers Dolce & Gabbana, FENDI, LOEWE, and Tourneau.
- Electrify AmericacoreSeven-year partnership deploying over 500 Hyper-Fast DC chargers (rated up to 350 kW) at 105 Simon properties across 27 US states and two Canadian provinces. Chargers have dispensed over 189 GWh of energy supporting EV charging infrastructure for shoppers at Simon centers.
- bp pulsecoreEV charging infrastructure partnership with bp pulse deploying 900+ charging bays across Simon properties. Part of bp pulse's planned $1 billion US charging network investment through 2030.
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
Simon competitors and assessment
Company assessmentDirect peers
- Unibail-Rodamco-Westfield: Largest publicly traded retail REIT globally, operating flagship shopping destinations across Europe and the US. Direct competitor to Simon in premium malls and designer outlets, with a comparable multi-format, multi-geography portfolio strategy.
- Macerich: US-focused mall REIT owning and operating high-quality regional malls in major markets. Comparable to Simon's regional mall portfolio with similar tenant mix and lease economics, though smaller in scale and lacking international and outlet diversification.
- Kimco Realty: S&P 500 retail REIT focused on open-air shopping centers primarily in the US. Closely comparable to Simon's Community/Lifestyle Centers portfolio, serving similar retail tenants with a grocery-anchored focus.
- Federal Realty Investment Trust: REIT specializing in open-air shopping centers and mixed-use developments in premium US coastal markets. Comparable tenant mix and asset class to Simon's lifestyle/community centers, with similar focus on high-barrier submarkets.
- Regency Centers: S&P 500 retail REIT focused on grocery-anchored shopping centers in dense US markets. Operates similar community/lifestyle center format to Simon, with comparable tenant base of necessity-based and service retailers.
- Tanger Inc. Outlet mall REIT operating premium outlet destinations across the US and Canada. Directly comparable to Simon's Premium Outlets format with similar tenant relationships, off-price merchandise mix, and value-oriented shopper base.
- Brixmor Property Group: US open-air shopping center REIT owning a national portfolio of community and lifestyle centers. Directly comparable to Simon's Community/Lifestyle Centers platform with similar anchor tenant relationships and merchandising strategy.
Broad incumbents
- Brookfield Property Partners: Diversified real estate platform with significant retail, office, and logistics holdings. Overlaps with Simon in retail real estate but operates as part of a broader alternative asset manager's portfolio rather than focusing exclusively on retail.
- Realty Income: S&P 500 net-lease REIT owning freestanding single-tenant retail and commercial properties. Adjacent business model to Simon's retail leasing focus, though structured around long-term triple-net leases rather than mall occupancy.
Regional players
- Cousins Properties: Sunbelt-focused office REIT that has expanded into mixed-use developments. Operates in an overlapping real estate services category but focuses on office rather than retail, with a regional rather than national focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Simon social profiles
Digital presenceSimon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Simon leadership team
Management profileNumber of profiles
Profiles1 record
Simon subsidiaries and ownership
Company hierarchySubsidiaries5 records
Simon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Simon M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Simon
What does Simon do?
Simon Property Group owns, operates, and leases a diversified portfolio of retail real estate including Regional Malls, Premium Outlets, The Mills, Community/Lifestyle Centers, and international Designer Outlets. Beyond physical real estate, Simon offers the ShopSimon e-commerce marketplace, the Simon+ consumer loyalty rewards program, Simon Giftcards, and the Simon Media Network for in-mall advertising. For tenants and brand partners, Simon provides commercial leasing services across retail, restaurant, specialty, and mixed-use categories.
Is Simon a public or private company?
Simon is a public company. It is classified as public and is currently operating.
When was Simon founded?
Simon was founded in 1958. It employs 11 to 50 people.
Where is Simon based?
Simon is headquartered in Indianapolis, United States, in the North America region.
How does Simon make money?
Two revenue lines are on record. Retail Leasing is the primary driver. The others are real Estate Funds From Operations.
Who are Simon's main competitors?
Direct peers on record are Unibail-Rodamco-Westfield, Macerich, Kimco Realty, Federal Realty Investment Trust, Regency Centers, Tanger Inc. and Brixmor Property Group. Broad incumbents are Brookfield Property Partners and Realty Income. Cousins Properties is listed as a regional player.
Does Simon have an API?
No public API is recorded for Simon.
What industry is Simon in?
Simon's product category is Retail Real Estate. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management. Its NAICS code is 531190 and its SIC code is 6798.