Simon Reports Record 2025 Earnings and Higher Dividend For 2026

Simon is entering 2026 with performance that cements its status as one of the most powerful players in brick-and-mortar retail. The S&P 100 REIT, known for its premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia, closed 2025 with record earnings, strong leasing momentum, and a confident outlook that positions physical retail as a long-term winner. 

Simon posts record 2025 earnings

For the full year 2025, net income attributable to common stockholders surged to $4.624 billion, or $14.17 per diluted share, up from $2.368 billion, or $7.26 in 2024. In the fourth quarter alone, net income climbed to $3.048 billion, or $9.35 per diluted share, compared with $667.2 million, or $2.04 in the prior year period. A major driver was a non-cash gain of $2.89 billion tied to Simon’s acquisition of the remaining interest in Taubman Realty Group, reflecting the remeasurement of its previously held equity…