Simon Property Group
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klepierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.www.simon.com
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Search complete. 36 mentions across 28 episodes found for "Simon Property Group".
Sep 16, 2026
Ron JohnsonGUEST
There's always been stores that, you know, do well and stores that do poorly, and the tired ones go away, and they're replaced by something new.
Ron JohnsonGUEST
But if you take a shopping center, the biggest mall operator in the world, in the US, is Simon Properties.
Ron JohnsonGUEST
Their centers are ninety-six percent leased.
James AltucherHOST
Mm.
Neal FreymanHOST
According to The Wall Street Journal, mall values are up 13% this year, the best performing of all 10 commercial property sectors after years of slumping along.
Neal FreymanHOST
Simon Property Group, the largest mall owner in the US, just hit a new record high on the stock market for the first time since 2016, and its shares have outperformed the S&P 500 over the past year.
Neal FreymanHOST
Part of the reason malls are doing so well from a valuation perspective is that the other commercial real estate sectors are struggling, specifically multi-family and office.
Neal FreymanHOST
So investors looking for a return are parking, no pun intended, their money in malls, one of the few bright spots.
Jill WagnerHOST
It's more than double the price gains across commercial real estate overall.
Jill WagnerHOST
For example, shares of Simon Property Group, which is the largest mall owner in the country, surpassed their previous record high in July for the first time since twenty sixteen.
Jill WagnerHOST
Their stock has outperformed the S&P over the past twelve months, and this is a big departure from where this sector stood about five years ago.
Jill WagnerHOST
The pandemic tanked foot traffic at malls, which were already reeling from closing department stores and the rise of online shopping.
Ben SeidlGUEST
Um, so, so yeah.
Ben SeidlGUEST
We, uh, we first deployed the, the initial V1 of the technology at Stanford Shopping Center in Palo Alto with Simon Property Group.
Ben SeidlGUEST
That was September, uh, of 2025, so about, about a year ago.
Ben SeidlGUEST
Um, and, and the initial kind of use case of our technology, uh, was actually ride-hail orchestration.
Ben SeidlGUEST
We h- we've got to get these Waymo's arriving and departing from somewhere else." It's, it's, it's quite hard to get in touch with these OEMs.
Ben SeidlGUEST
Um, and so we, we decided, well, given that we need to, as step one for the Autoline platform, is to orchestrate where autonomous vehicles go, um, let's apply the technology first to solving that problem for some pretty big, uh, retail landlords.
Ben SeidlGUEST
So we work with Simon Property Group, Federal Realty, Jamestown, uh, Macerich.
Ben SeidlGUEST
Uh, we're, with that ride hail orchestration technology, we're across Atlanta, Austin, uh, Phoenix, soon to be Los Angeles and San Francisco.
Mark SimoneHOST
And then lots of restaurants and stores.
Mark SimoneHOST
So even Simon Property Group, that's the biggest mall company, their stock soaring.
Mark SimoneHOST
It's way up for the year.
Mark SimoneHOST
It's outpaced the S&P 500, so mall's making a comeback.
Mark SimoneHOST
It's actually the largest, uh, indoor water park in America, and then, uh, lots of restaurants and stores.
Mark SimoneHOST
So, uh, even Simon Property Group, that's the biggest mall company, their stock soaring.
Mark SimoneHOST
It's way up for the year.
Mark SimoneHOST
Uh, it's outpaced the S&P 500, so malls making a comeback.
Simon BelangerHOST
So there were warning signs that sales were kinda plateauing, that consumer preferences were shifting, but they still went ahead and opened some stores.
Simon BelangerHOST
And in 2016, they filed for bankruptcy, and then a consortium involving Simon Property Group, again, General Growth Properties, another small owner, and a few other companies stepped in because, of course, Aeropostale had hundreds of their stores in their malls.
Simon BelangerHOST
So again, they stepped in to buy the brand and avoid some vacancies into their malls, and obviously benefit from the, the brand and buying it at a steep discount.
Simon BelangerHOST
But again, the results were the same.
Greg WiseGUEST
That's what led me to take more interest in some legacy businesses.
Greg WiseGUEST
So I went into commercial real estate, started doing leasing and development for Simon Property Group.
Greg WiseGUEST
That's really where I started to get more and more, fall more in love with real estate, the physical world.
Greg WiseGUEST
You can touch it, you can maneuver it, you can control it.
Greg WiseGUEST
So good question.
Greg WiseGUEST
I don't talk about this too often, but it's a big part of the story.
Greg WiseGUEST
So went to Simon Property Group, started there in the middle of 2017, and had an unbelievable run there, was able to do a lot of really great, interesting projects.
Greg WiseGUEST
That was at a time when it was a bit of a retail apocalypse.
Hannah HorvathHOST
And, and looking at these earnings recently, I have to wonder, like, did we teleport back to 2006? Because you're seeing all these headlines talking about, like, malls are back, and listen, some higher-end malls are doing very well right now.
Hannah HorvathHOST
Simon Property Group, which is the largest shopping mall owner in the United States, reported a 96% occupancy last quarter.
Hannah HorvathHOST
We have foot traffic that has been rising across shopping centers this year, including indoor malls.
Hannah HorvathHOST
So there is some evidence that malls are back, but I don't think it's necessarily the mall that I personally remember from middle school because the shopper has changed.
Sean ReynoldsHOST
Nike is not the only exits.
Sean ReynoldsHOST
Honeywell Aerospace, Simon Property Group, and Colgate Palmolive also leave on the same date.
Sean ReynoldsHOST
Aerospace.
Sean ReynoldsHOST
Actual physical stuff.
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