Is Simon Property Stock Underperforming the Dow?

With a market cap of $59.5 billion, Simon Property Group, Inc. (SPG) is a prominent real estate investment trust in the United States, engaged in the acquisition, ownership, and leasing of shopping, dining, entertainment, and mixed-use destinations. 

Companies worth $10 billion or more are typically referred to as "large-cap stocks." SPG fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the retail REIT industry. 

The stock is trading 4% below its 52-week high of $190.13 touched on Mar. 3. Shares of SPG have surged 12.6% over the past three months, outpacing the broader Dow Jones Industrial Average’s ($DOWI) 6.4% rise during the same time frame. 

Moreover, in the longer term, SPG stock is up 6% on a YTD basis, underperforming $DOWI’s 7% uptick. Moreover, shares of SPG have risen 11% over the past 52 weeks, trailing $DOWI’s 12.8% returns over the same time frame.

SPG has been trading above its 50-day and 200-day moving averages since early August, indicating an uptrend. 

On Aug. 4, Simon Property Group released solid Q2 results, and its shares gained 3.3%. Driven by robust growth in lease income, and management fees and other revenues, the company’s overall topline for the quarter increased 2.8% year-over-year to $1.5 billion. This was also supported by an improvement in the occupancy rate. Further, FFO grew 4.1% year-over-year to $3.05 per share.

In the REIT arena, rival, Realty Income Corporation (O), has grown 10.7% in 2025, surpassing SPG, but has dipped 5.3% over the past year, lagging behind SPG.

Analysts remain moderately optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 21 analysts covering it, and the mean price target of $184.42 implies a premium of 1% from the current market prices.