Simon Property Gains 0.55% Despite 43% Drop in Volume to 356th Rank Boosted by Strong FFO and 96% Occupancy

SIMON PROPERTY (SPG) recorded a 0.55% gain on September 3, 2025, with a trading volume of $0.29 billion, down 43.46% from the previous day, ranking 356th in market activity. The stock’s performance followed the release of Q2 results, which showed improved funds from operations (FFO) and occupancy rates.

The company reported Q2 2025 real estate FFO of $3.05 per share, exceeding estimates, driven by higher rental income and a 96% occupancy rate for U.S. malls and outlets. Revenue reached $1.5 billion, slightly below expectations, but year-over-year growth was 2.8%. Simon also raised its 2025 FFO guidance and acquired a partner’s stake in Miami’s Brickell City Centre, gaining full ownership.

Institutional ownership of Simon’s shares remains robust, with 93.01% held by hedge funds and institutions. GKV Capital Management increased its stake by 29.8% in Q1, while Vanguard and JPMorgan also boosted holdings. Insider purchases in June added 2,428 shares, reflecting confidence in the company’s strategy.

Analysts remain cautious, with a Zacks Rank of #3 (Hold) and mixed price targets. LADENBURG THALM/SH SH initiated a “buy” rating with a $225 target, while others like Mizuho lowered their estimates. The stock’s 4.8% dividend yield, raised from $2.10 to $2.15 per share, and strong liquidity of $9.2 billion support its defensive appeal amid economic uncertainty.

Backtest results indicate that Simon’s stock has historically underperformed broader benchmarks over the past month, with downward revisions to earnings estimates. Despite institutional confidence and operational improvements, the stock remains in the bottom 40% for value and momentum metrics, suggesting limited short-term upside.