Simon promotes Eli Simon to chief operating officer

INDIANAPOLIS - Simon Property Group (NYSE:SPG), a prominent $63 billion market cap real estate investment trust specializing in shopping and entertainment destinations, announced Thursday that Eli Simon has been promoted to Chief Operating Officer. The company, currently trading at $167.53, has established itself as a leading player in the Retail REITs industry.

In his new role, Eli Simon will work directly with David Simon, Chairman, CEO and President, on all aspects of the company’s operations including property performance, development projects, strategic investments, and brand strategy. He joined the company in 2019 as Executive Vice President and Chief Investment Officer, previously serving as Principal and Head of North American Lodging at Och-Ziff Capital Management.

The company also announced the appointment of Jonathan Murphy and Eric Sadi as Co-Presidents of North American Real Estate. In their new positions, Murphy and Sadi will oversee Simon’s North American portfolio across all three platforms: Malls, Mills and Premium Outlets. Both executives have been with the company for over a decade, serving as Co-Presidents of the Mall Platform since 2020.

"One of the hallmarks of Simon’s success is the strength and depth of our management team," said David Simon in the press release statement. "As we work to further advance our growth, I am pleased with these leadership appointments." The company’s strong management has helped maintain an impressive 32-year streak of consistent dividend payments, currently offering investors a 5.13% yield.Want deeper insights into Simon Property Group’s performance metrics and growth potential? InvestingPro offers exclusive access to detailed financial analysis and expert recommendations, along with 10+ additional ProTips about this retail REIT leader.

Larry Glasscock, Lead Independent Director, stated that these executive appointments position the company to continue delivering industry results for consumers and retailers.

Simon Property Group owns and operates premier shopping, dining, entertainment and mixed-use destinations across North America, Europe and Asia.

In other recent news, Simon Property Group reported its financial results for the second quarter of 2025, surpassing market expectations. The company achieved an earnings per share (EPS) of $1.70, exceeding the forecasted $1.55, which represents a surprise of 9.68%. Additionally, Simon Property Group’s revenue reached $1.5 billion, outperforming the anticipated $1.38 billion and resulting in an 8.7% revenue surprise. These results indicate stronger-than-expected performance for the quarter. In related developments, Stifel adjusted its price target for Simon Property Group to $179 from $180, while maintaining a Buy rating. This adjustment followed the company’s second-quarter financial results, which showed Real Estate Funds From Operations (FFO) per share of $3.05, meeting consensus estimates and slightly exceeding Stifel’s own projection. These recent developments reflect ongoing investor interest and confidence in Simon Property Group’s financial health.

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