Simon Property Lifts 2026 FFO Outlook with Tenant Sales Surpassing Rent Gains
Simon Property Group on Monday increased its earnings forecast for 2026, citing stronger tenant sales and higher rent growth throughout its US malls and premium outlets.
JCPenney store closings push spotlight onto mall landlords
JCPenney is shutting or set to shut at least six stores this year, according to Fast Company, which cited local news, customer reviews and the chain’s website. Stores are closing in California, Florida, Illinois, Tennessee, Virginia and Pennsylvania. It’s a small list, but could matter more for mall owners.
Simon Property Group CEO David Simon Dies at 64; Eli Simon Takes Over
Simon Property Group on Monday announced the death of David Simon—chairman, CEO, and president—at age 64. His son, Eli Simon, moves into the CEO and president roles immediately. The board chose Larry Glasscock as non-executive chairman.
Real estate stocks face a rate test this week — XLRE, VNQ and top REITs in focus
U.S. real estate stocks head into Monday with rates back in the driver’s seat after a choppy end to January. The Real Estate Select Sector SPDR Fund last traded at $41.43, up about 0.1% from its prior close.
Why U.S. real estate stocks could swing Monday: XLRE, VNQ and the Fed week ahead
U.S. real estate shares finished Friday slightly higher, with REIT investors now waiting on a new signal from interest rates as Monday approaches. The Real Estate Select Sector SPDR Fund ticked up 0.3% to $41.25, and the Vanguard Real Estate ETF inched up 0.2%, landing at $90.54.
TechStock² Updates
