Simon Property Group

The balance sheet is a competitive weapon. As of June 30, 2025 Simon had about $9.2 billion of liquidity and an effective weighted‑average interest rate near 3.63% with the vast majority fixed; variable exposure is limited.

In August 2025 the operating partnership sold $1.5 billion of senior notes at 4.375% (2030) and 5.125% (2035) to refinance 2025 notes, extending duration at reasonable coupons amid an A‑category ratings profile. This conservatism supports dividend growth and redevelopment funding through cycles.