WallStSmart
SPG

Simon Property Group Inc

NYSE: SPG · REAL ESTATE · REIT - RETAIL

$200.09
-1.31% today

Updated 2026-04-29

Market cap
$76.57B
P/E ratio
14.21
P/S ratio
12.03x
EPS (TTM)
$14.16
Dividend yield
4.20%
52W range
$146 – $208
Volume
1.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Simon Property Group Inc (SPG) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$200.09
Consensus
$195.46
-2.31%
2030 Target
$283.01
+41.44%
DCF
$164.14
-18.66% MoS
13 analysts:
1 Buy10 Hold0 Sell

Management guidance

CEO David Simon (until April 2026) expressed strong optimism on retail demand, noting increased space requests from new retailers and June revenues returning to pre-pandemic 2019 levels. New CEO Eli Simon has not yet provided specific forward revenue guidance beyond the company's FY2026 guidance. The company authorized a $2.0B share repurchase program and raised quarterly dividend to $2.20, signaling confidence in cash generation.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$471.67
$7.6B Rev × 20x P/S
Base case (2030)
$283.01
$7.6B Rev × 12x P/S
Bear case (2030)
$188.67
$7.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$5.7B$6.0B$6.4B$6.4B$6.7B$7.0B$7.3B$7.6B
Revenue growth—5.4%6.7%1.0%4.0%4.2%4.5%4.5%
EPS$5.61$5.60$5.45$8.05$8.35$8.70$9.10$9.55
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$245.27$245.27$264.14$264.14$283.01

Catalysts & risks

Growth catalysts
+ Leadership transition to Eli Simon as CEO - execution on strategic direction under new management
+ Landmark redevelopment projects in Nashville, Denver, Tampa, and Boston (Copley Place) driving occupancy and NOI growth
+ Strong retail demand and tenant leasing activity supporting rental rate growth and occupancy expansion
+ $2.0B share repurchase program offsetting dilution and supporting EPS
+ Tight retail real estate supply creating pricing power for premier malls
Key risks
- Unexpected economic downturn reducing consumer traffic and retail demand
- Tenant bankruptcies or credit deterioration impacting rent collection
- Leadership transition execution risk - Eli Simon's strategic direction and capital allocation decisions unclear
- E-commerce erosion of physical retail despite current strength signals
- Rising interest rates impacting cap rates and development return hurdle rates

Methodology

Simon Property Group Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.