Simon Property Group, Inc. (NYSE: SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. As of June 30, 2025, the company held ownership interests in 232 properties totaling approximately 183 million square feet across North America, Europe, and Asia. Its portfolio includes U.S. malls, Premium Outlets®, The Mills®, international properties, and joint venture holdings such as The Taubman Realty Group (TRG), in which Simon holds an 88% interest, and a 22.4% stake in Klépierre, a Paris-based retail real estate company. Simon’s U.S. portfolio comprises 162 malls and Premium Outlets totaling 136.1 million square feet, with an occupancy rate of 96.0% at quarter end. The Mills portfolio includes 14 properties totaling 21.4 million square feet, with a 99.3% occupancy rate at quarter end. TRG’s U.S. assets consist of 17 properties totaling 17.1 million square feet, while its international holdings add another 4.7 million square feet. Internationally, Simon owns or has interests in 70 properties across Europe, Asia, and Latin America, totaling approximately 12.6 million square feet. These include Premium Outlets, Designer Outlets, and The Mall Luxury Outlets. Notable markets include Japan, South Korea, Italy, France, Germany, the United Kingdom, and Mexico. Simon’s top U.S. tenants by base rent include The Gap, Tapestry, Knitwell Group, and Signet Jewelers. Anchor tenants such as Macy’s, J.C. Penney, and Dillard’s occupy significant square footage but contribute a smaller portion of rental income.