Las Vegas North Premium Outlets , Las Vegas, NV
St. Johns Town Center , Jacksonville, FL
US REIT Index (“RMS”). SPG has outperformed the RMS in each of the last five years and has outperformed the S&P 500 in three of the last five years.
• The Mall in Italy
• We completed 23 redevelopment and expansion projects
Briarwood Mall ® in Ann Arbor, Michigan, and Brea Mall ® in Brea, California.
brought two exceptional centers — one in Leccio near Florence and another in Sanremo on the Italian Riviera — each offering unique retail environments with compelling growth opportunities.
across our U.S. platforms during the year. • We opened 49 anchor and specialty tenants in 2025 and expect to open more than 60 over the next two years. • Redeveloping former department store space dramatically increases traffic and productivity at our centers, adding dynamic offerings such as Dick’s House of Sport, Level99, Life Time, Primark, and Netflix House. • We continue to enhance our market‑leading real estate by adding mixed‑use components. Over the last decade, we have added more than 3,000 hotel rooms and residential units to our portfolio, transforming our properties into true live-work-play-stay-shop destinations. We expect to open approximately 1,600 additional units between 2026 and 2028 at high-quality centers including Roosevelt Field ® on Long Island, Northshore Mall ® outside of Boston,
• We expect to begin
construction in 2026 on exciting new projects at Copley Place ® in Boston, The Fashion Mall at Keystone ® in Indianapolis, Town Center at Boca Raton ® in Florida, Toronto
• Ownership of SPG common stock has
provided a total return to shareholders of 4,500% since our 1993 IPO. ACQUISITIONS • Last year’s $2 billion in acquisitions of high-quality retail properties further enhanced the quality and profitability of our portfolio. • We acquired the remaining 12% interest in TRG bringing full ownership and control of 22 iconic assets and unlocking new opportunities for growth and value creation. • We acquired our partner’s interest in Brickell City Centre ® , a premier mixed-use destination in Miami’s rapidly growing central business district. We now wholly-own and manage this asset with the opportunity to drive NOI growth through
• Phillips Place™ in
Charlotte, North Carolina, expands our presence in a familiar market and provides meaningful upside potential through re- merchandising and future densification.
Premium Outlets ® in Canada, Desert Hills
Premium Outlets ® in Palm Springs, and several luxury transformations at former TRG properties including The Mall at Green Hills ® in Nashville, International Plaza in Tampa, and Cherry Creek Shopping Center ® in Denver.
• Collectively, these
acquisitions enhance the overall quality of our portfolio and position us to apply our leasing, development and property
• Sagefield™, a new
management expertise to drive long-term value across these assets. DEVELOPMENT INCLUDING THE ADDITION OF MIXED- USE COMPONENTS • A core growth driver
development in metro Nashville, is expected to break ground later this year, creating a distinctive destination with first-to- market boutiques, iconic brands, farm-to-table dining, entertainment venues, health and wellness concepts, and vibrant outdoor spaces.
continues to be unlocking value from our existing real estate through high- return redevelopment, densification, mixed-use, and remerchandising opportunities.
operational efficiencies and enhanced leasing.
Simon Property Group IV
Powered by FlippingBook