Simon Property Group — Feb 2, 2026 release

The proceeds were used to repay the $800 million outstanding principal amount of its 3.300% notes at maturity on January 15, 2026. Dividends Today, Simon’s Board of Directors declared a quarterly common stock dividend of  $2.20 for the first quarter of 2026. This is an increase of  $0.10, or 4.8% year-over-year. The dividend will be payable on March 31, 2026 to shareholders of record on March 10, 2026. Simon’s Board of Directors declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPGPrJ) of  $1.046875 per share, payable on March 31, 2026 to shareholders of record on March 17, 2026.   ​   4Q 2025 SUPPLEMENTAL ​ ​ ​ ​ 3   ​ TABLE OF CONTENTS   EARNINGS RELEASE 2026 Guidance The Company currently estimates net income to be within a range of  $6.87 to $7.12 per diluted share and Real Estate FFO to be within a range of  $13.00 to $13.25 per diluted share for the year ending December 31, 2026. The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to estimated Real Estate FFO per diluted share: ​ ​ ​ ​ Low End ​ ​ High End ​ ​ Estimated net income attributable to common stockholders per dilu