| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 10, 2026 | 7/12 | 2 high, 4 medium, 2 low flags | 0 | 0 | Call sheet → |
| Q1'26 | May 11, 2026 | 8/12 | 3 medium, 3 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 2, 2026 | 10/12 | 3 medium, 5 low flags | 4 | 0 | Call sheet → |
| Q3'25 | November 3, 2025 | 10/12 | 3 medium, 5 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | the original $0.25 to $0.30 headwind... it probably is gravitating closer to the $0.25 Full-year 2026 interest expense impact has not concluded; current commentary (10 cents realized, 20 cents remaining) implies a total nearer the high end of $0.30, a less favorable trajectory than described last quarter. |
| Q2'26 | Pending | we are increasing our full year 2026 real estate FFO guidance to a range of $13.10 to $13.25 per share Full-year period has not concluded; guidance was raised again this quarter to $13.20-$13.30, a revision rather than a resolution. |
| Q1'26 | Delivered | Continue disciplined capital allocation Maintained 5.0x leverage despite $2B of acquisitions, resumed share buybacks |
| Q1'26 | Pending | Deploy our leasing and property management expertise at TRG assets Just starting major renovation investments at Green Hills, International Plaza, Cherry Creek |
| Q1'26 | Delivered | Complete TRG integration Corporate integration completed by end of April as promised |
| Q1'26 | Pending | Real estate FFO of $13-13.25 per share for 2026 Raised guidance to $13.10-13.25 after Q1 beat |
| Q1'26 | Pending | Higher net interest expense of 25-30¢ per share vs 2025 Q1 showed $0.05 drag, tracking toward the lower end of guidance range |
| Q1'26 | Exceeded | Expect domestic property NOI growth of at least 3% (Q4 2025 guidance) Delivered 6.7% in Q1, though 120 bps was from TRG acquisition |
| Q4'25 | Delivered | Major Nashville development announcement Q3 promised unveiling 'later this week' - Q4 confirmed Sagefield project launch |
| Q4'25 | Delivered | Simon Plus loyalty program rollout Launched in November as promised, though impact still 'early days' |
| Q4'25 | Exceeded | Robust leasing activity to continue Promised strong demand - delivered 1,300 leases in Q4, pipeline up 15% |
| Q4'25 | Pending | TRG portfolio enhancement through Simon expertise Just took operational control - too early to measure but committed to specific yield improvement |
| Q4'25 | Delivered | Strong comp NOI growth continuation Q3 promised continued momentum - delivered 4.8% domestic growth in Q4 |
| Q4'25 | Pending | TRG transaction accretive in 2026 with full benefit in 2027 On track - management reiterated 50+ bps yield improvement through integration |
| Q3'25 | Delivered | Q2: Traffic and sales 'pretty good back-to-school season' Confirmed strong back-to-school, sequential improvement in Q3 |
| Q3'25 | Delivered | Q2: Working on 'other interesting things' for acquisitions TRG consolidation completed |
| Q3'25 | Delivered | Q2: 'A couple more things will get announced this year' TRG completion and Nashville project announcement |
| Q3'25 | Delivered | Q2: Full year domestic NOI growth 'beat' the 3% target 4.2% YTD domestic NOI vs 3% target |
| Q3'25 | Delivered | Q2: Cautiously optimistic for balance of year Raised guidance and delivered accelerating NOI growth |
| Q3'25 | Exceeded | Q2: Development pipeline $1B net cost at 9% yield Delivered $1.25B pipeline at same 9% yield - expanded by $250M |
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