Simon authorizes new $2 billion stock buyback program through 2028

Simon Property Group (NYSE: SPG) announced that its board of directors authorized a new $2 billion common stock repurchase program. The real estate investment trust may purchase shares through February 29, 2028, as market conditions warrant.

The company can repurchase shares in the open market or through privately negotiated transactions at prices it deems appropriate. The program does not obligate Simon to repurchase any specific dollar amount or number of shares and may be suspended or discontinued at any time.

This new authorization replaces a previous $2 billion program that was scheduled to expire on February 15, 2026. Approximately $1.7 billion remained available under the expiring program.

Simon operates as a real estate investment trust that owns shopping, dining, entertainment and mixed-use destinations. The company describes itself as an S&P 100 company with properties across North America, Europe and Asia.

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