Goldman Sachs REIT Stocks: Top 12 Stock Picks

4. Simon Property Group, Inc. (NYSE:SPG)

Goldman Sachs Stake as of Q1 2025: $476,413,188

Number of Hedge Funds Holding: 47

Simon Property Group, Inc. (NYSE:SPG) is one of Goldman Sachs’ top REIT stock picks. On July 8, Piper Sandler reiterated its “Overweight” rating on Simon Property Group. The firm expects better-than-consensus holiday sales, driven by retailers preparing with “near-full shelves” for the upcoming holiday season amid ongoing economic growth. The firm noted that Simon Property Group had previously guided to the midpoint of its financial guidance during Q1 2025 earnings, primarily due to tariff uncertainty and its potential impact on percentage rent thresholds.

Despite earlier conservative guidance, Piper Sandler now sees potential upside to Simon’s funds from operations (FFO) given an “improved backdrop” for the retail environment. The positive outlook is consistent with the investment bank’s prior observations shared in its NAREIT note, reinforcing confidence in Simon Property Group’s performance heading into Q2 2025.

Simon Property Group, Inc. (NYSE:SPG) is a retail-focused REIT. It owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia. Its portfolio includes over 190 income-producing properties in the U.S., such as malls, Premium Outlets, and lifestyle centers, with additional holdings in 38 international outlet locations.