Simon Property Group raises annual real estate FFO forecast on resilient leasing demand

Commercial real estate funding belief Simon Property Group raised full-year forecast for real estate funds from operations on Monday, pushed by resilient leasing demand throughout its procuring facilities.

The mall operator, which counts LVMH, the luxurious conglomerate behind Louis Vuitton and Tiffany & Co, amongst its tenants, expects 2025 real estate FFO, a key efficiency metric for REITs, to be between $12.60 and $12.70 per share. That compares with its earlier goal of $12.45 to $12.65 per share.

Peer Regency Centers additionally raised its annual FFO goal final week, citing robust leasing demand.

Simon Property’s occupancy at malls and premium retailers was 96.4% at September 30, 2025, in contrast with 96.2% at September 30, 2024.
Its base minimal lease per sq. foot rose to $59.14 from $57.71.

Simon Property Group reported third-quarter real estate FFO of $3.22 per share, in contrast with $3.05 per share a yr earlier.

The firm’s income from lease revenue rose to $1.45 billion, from $1.34 billion a yr in the past.