Yahoo Finance

Summary

Simon Property Group Inc., based in Indianapolis, is a retail REIT that is one of the largest owners of high-end malls, outlet centers, and lifestyle destinations in North America, Asia, and Europe. In 2016, the company had expanded its profile by investing in the retail operations of several well-known retail brands, including Reebok, Aeropostale, Nautica, and Forever 21 through its partnerships, including SPARC and ABG. The investments were reconsidered after the pandemic, once consumers began to return to outdoor retail spaces. In 2023, the company began to sell its interest in retail brands, and in 2024, Simon sold its remaining interest in ABG. In 2025, the REIT purchased the remaining interest in Taubman Realty Group, so it is now wholly owned. Simon also has an interest in international malls and has a 22.4% interest in Klepierre, a Paris-based real estate firm that owns 14 centers in Europe. SPG also operates Simon Brand Ventures, which offers appraisals and real estate services.

Revenues in 2025 were $6.4 billion, of which $3.6 billion was from joint ven