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Evercore ISI has updated its price target for Simon Property Group, raising it from $213 to $216.
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Seven sectors are higher and four are lower in Tuesday's regular session, with growth and cyclical sectors split across the top three positions. The leaders are separated rather than clustered, with Technology clearly ahead of the next group.
Simon Property Group announced that it will introduce a new paid parking system at The Galleria in Houston, Texas, beginning November 2, 2026.
Macerich (MAC) achieved 94% leased occupancy in June 2026, up from 92% a year earlier, driven by strong retailer demand and premium mall portfolio positioning. The company's Path Forward strategy targets a 6.5% NOI CAGR through 2028, supported by $124M in signed-not-open leases. However, tenant bankruptcies, e-commerce competition, and geographic concentration in select U.S. markets pose ongoing challenges.