Simon Property Group, Inc.
Explore Simon Property Group
Core profile pages, annual revenue records, and related research hubs for this company.
Simon Property Group, Inc.
Explore Simon Property Group
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1960 in Indianapolis, Indiana
Brothers Melvin and Herbert Simon began building a shopping-center business in Indianapolis in 1960, then scaled it into one of the dominant U.S. retail real estate platforms.
Melvin Simon co-founded the shopping-center business that became Simon Property Group and helped establish its development culture.
Herbert Simon co-founded the business and remained closely associated with its long-term ownership and Indianapolis roots.
Melvin Simon and Herbert Simon begin building the Indianapolis shopping-center business that becomes Simon Property Group.
Simon Property Group completes its IPO and scales as a public real estate investment trust.
Simon expands its outlet platform through the acquisition of Chelsea Property Group.
Outlet retail becomes one of Simon's most important growth and differentiation engines.
Mall closures and tenant disruption test Simon's balance sheet and tenant relationships.
Simon reports FY2025 consolidated revenue of $6.365B.
After David Simon's death, the board appoints Eli Simon CEO and president effective March 23, 2026.
Simon reports Q1 2026 results and increases full-year Real Estate FFO guidance.
Expand Simon's Premium Outlets platform.
Add large-format retail and entertainment destinations.
Add exposure to high-quality mall assets.
Simon Property Group traces its origins to 1960.
The March 2026 succession from David Simon to Eli Simon marked the company's biggest leadership transition in decades.
Simon grew by developing, acquiring and operating premier malls, outlets and mixed-use destinations across North America, Europe and Asia.
This Simon Property Group history page covers founding, growth milestones, leadership, financial context, and strategy.