Simon

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.

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

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

• Retail real estate
• Shopping mall operations
• Premium outlet centers
• Commercial leasing
• Property management

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. 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
2. 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

Core 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

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• adidascoreGTM or Marketing Partner · 28 May 2026Summer 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 CucinaminorChannel Partner/ Reseller/ Distributor · 20 February 2026Miami-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 MilosminorChannel Partner/ Reseller/ Distributor · 10 February 2026Greek seafood restaurant concept joining Copley Place redevelopment in Boston alongside luxury retailers Dolce & Gabbana, FENDI, LOEWE, and Tourneau.
• Electrify AmericacoreStrategic or Co-development Partner · 4 December 2025Seven-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 pulsecoreStrategic or Co-development Partner · 5 November 2024EV 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

Direct 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

• LinkedInlinkedin.com/company/ontario-mills-llc
• Xx.com/ShopOntario
• Facebookfacebook.com/Ontario-Mills-130071557004135

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Simon