Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Simon Property Announces Leadership Transition After David Simon’s Passing

Tipranks - Tipranks - Wed Mar 25, 4:40PM CDT

Claim 30% Off TipRanks Premium

Simon Property ( (SPG) ) has shared an update.

On March 23, 2026, Simon Property Group announced that David Simon, its long-serving chairman, chief executive and president, died on March 22, 2026 at age 64 after a battle with cancer. The board, employees and wider Simon community paid tribute to his three-decade tenure, during which he transformed a regional family firm into the world’s largest retail real estate company, delivering more than 4,500% total shareholder return and reshaping the sector through major acquisitions and portfolio reinvestment.

To ensure leadership continuity, the board appointed Eli Simon as chief executive and president, in addition to his roles as chief operating officer and director, and named Larry Glasscock non-executive chairman. The company emphasized that long-standing succession planning and a deep executive bench will allow operations to continue without interruption, aiming to preserve David Simon’s legacy and reassure shareholders, partners, tenants, employees and lenders about the stability of its strategy and assets.

The most recent analyst rating on (SPG) stock is a Hold with a $193.00 price target. To see the full list of analyst forecasts on Simon Property stock, see the SPG Stock Forecast page.

Spark’s Take on SPG Stock

According to Spark, TipRanks’ AI Analyst, SPG is a Outperform.

Overall score reflects strong operating performance and cash flow supported by positive guidance and solid property-level metrics, plus attractive valuation (low P/E and ~4.2% yield). The main risk tempering the score is the leveraged capital structure and sensitivity to higher interest expense/tenant stress highlighted in the latest update.

To see Spark’s full report on SPG stock, click here.

More about Simon Property

Simon Property Group, Inc. is a global retail real estate company and real estate investment trust that owns and operates Simon Malls, Simon Premium Outlets and mixed-use destinations. The company focuses on premier shopping, dining and entertainment properties, holding interests in more than 250 assets totaling over 200 million square feet across North America, Europe and Asia.

Average Trading Volume: 1,623,322

Technical Sentiment Signal: Buy

Current Market Cap: $58.98B

For an in-depth examination of SPG stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Trending Articles

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).