Simon Property Group

Cash generation is anchored by long‑duration leases, diversified categories and international outlets. Trailing‑twelve‑month Real Estate FFO per diluted share is about 12.40 (Q3‑24 3.05, Q4‑24 3.35, Q1‑25 2.95, Q2‑25 3.05), and 2025 guidance was raised to 12.45–12.65, reflecting steady NOI growth.

This profile provides above‑average visibility versus most cyclical real estate. Risks include consumer softness, retailer bankruptcies and FX at international JVs, but Simon’s leasing performance and portfolio quality have historically dampened volatility.