Goldman Sachs REIT Stocks: Top 12 Stock Picks

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

Goldman Sachs Equity Stake: $492.63 Million

Number of Hedge Funds Holding: 36

Simon Property Group, Inc. (NYSE:SPG) is one of Goldman Sachs’ top REIT stock picks. On February 6, JPMorgan analyst Michael Mueller raised the price target for Simon Property Group, Inc. (NYSE:SPG) to $210 from $198 while maintaining a Neutral rating, updating the company’s model following its Q4 report.

On February 2, Simon Property Group, Inc. delivered impressive fourth-quarter and full-year results for 2025, characterized by record Real Estate Funds from operations of $4.8 billion. The company also returned a record $3.5 billion to shareholders.

Net income attributable to shareholders totaled $3.05 billion, or $9.35 per diluted share, up from $667.2 million, or $2.04 per diluted share, delivered in 2024. Net income in the fourth quarter includes $2.89 billion due to the acquisition of the remaining interest in Taubman Realty Group. Full-year net income totaled $4.624 billion, or $14.17 per diluted share, up from $2.36 billion, or $7.26 per diluted share, in 2024.

Following better-than-expected results, Simon’s board approved a quarterly common stock dividend of $2.20 per share, representing a 4.8% year-over-year increase. The dividend is to be paid on March 31, 2026, to shareholders of record as of March 10, 2026. In addition, the company expects its 2026 net income to average between $6.87 and $7.12 per diluted share, with real estate FFO in the range of $13 and $13.25 per diluted share.

Simon Property Group, Inc. (NYSE:SPG) is a premier self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages a massive portfolio of premier shopping, dining, entertainment, and mixed-use destinations.