What move does the options market price into Simon Property's report?

Implied ±1.3%, either direction.

How often does Simon Property move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

SPGNYSEReal Estate Investment Trusts

Simon Property Group Inc. (SPG) earnings date, market-implied expected move, and options open interest by expiry

223.09

+5.34 · +2.45%

Regular session15:11 ET

Open222.37Volume1.7MMkt cap$70.5BP/E15.74EPS14.17Div yield4.09%

Day221.98 – 223.3780%52-wk164.57 – 235.9782%

SPG

Simon Property Group Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±1.3%implied · report alone

8Q avg ±2.6%·×0.52·cheap

214.83220.67

straddle ±4.0%

spot 217.75exp Nov 20ATM strike 220ATM straddle 10.25IV 24%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 5

after close · in 3 days

confirmedQ3 FY26

Calendar

Next report

Last report

−0.46%

vs ±3.8% implied · ×0.12

shaded = implied · ▲▼ = realized

Aug 10 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+4.54%

shares held · 10 largest managers

13F · Jun 30 '26125d lag

1,369 managers

Top fund weight

4.98%

SPG weight · XLRE

N-PORTJun 30 '26

11 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Simon Property (SPG) reports on Nov 5 after close (confirmed date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±4.0%
avg realized: ±2.6%

Nov 1 '24Nov 1 '24confirmed±4.8%▼−0.84%×0.17

Feb 4 '25Feb 4 '25confirmed±4.1%▲+3.32%×0.80

May 12 '25May 12 '25confirmed±4.1%▼−6.16%×1.50

Aug 4 '25Aug 4 '25confirmed±3.9%▲+3.28%×0.84

Q3 FY25Nov 3 '25confirmed±4.6%▲+3.35%×0.73

Feb 2 '26Feb 2 '26confirmed±3.9%▼−0.94%×0.24

Q1 FY26May 11 '26confirmed±3.1%▲+2.32%×0.75

Q2 FY26Aug 10 '26confirmed±3.8%▼−0.46%×0.12

quarterimplied−10%0+10%realized×

Q2 FY26±3.8%▼−0.46%×0.12

Q1 FY26±3.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 28 close

0.49OI · 5 expiries · Oct 28 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,126+1%Nov 2018d2,290+3%

2,9750%Dec 1846d0.714,2120%0.71

9,6690%Jan 1574d2.144,5170%2.14

3,1980%Mar 19137d1.392,3000%1.39

1210%Apr 16165d0.412920%0.41

ExpiryPutsCallsP/C

Nov 2018d1,126+1%2,290+3%0.49

Dec 1846d2,9750%4,2120%0.71

Jan 1574d9,6690%4,5170%2.14

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±4.0%

Funds 4

XLRE±0.2%

VNQ±0.2%

FTC±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

35.21%as filednet margin · revenue +1.91% QoQ · +19.50% YoY

Revenue

$1.8B+1.91% QoQ

Gross profit

$1.6B+2.61% QoQ

88.60% margin

Operating income

$824M+8.13% QoQ

46.02% margin

Pre-tax income

$531M+10.59% QoQ

Net income

$631M+16.09% QoQ

35.21% margin

Cost of revenue

$204M−3.24% QoQ

Operating expenses

$762M−2.75% QoQ

Depreciation $460M

Other operating $202M

SG&A $62M

Other operating $39M

Other expense

$293M

Tax

$11M+154.22% QoQ

Revenue$1.8B+1.91%

Gross profit

$1.6B+2.61%

88.60% margin

Operating income

$824M+8.13%

46.02% margin

Pre-tax income

$531M+10.59%

Net income

$631M+16.09%

35.21% margin

Cost of revenue

$204M−3.24%

Operating expenses

$762M−2.75%

Depreciation $460M

Other operating $202M

SG&A $62M

Other expense

$293M

Tax$11M+154.22%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mVolume ×0.31 · 20d avgSource: market data · 15:00 ET

Intraday

Event sensitivity

FOMC ×1.08· ±1.1% vs ±1.0% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.1%7 of 24×1.08

GDPgross domestic product±1.1%10 of 20×1.07

CPROFcorporate profits±1.1%6 of 12×1.05

NFPjobs report±1.0%5 of 10×0.99

PCEpersonal income & outlays±1.0%8 of 20×0.97

CPIconsumer prices±1.0%8 of 11×0.95

PPIproducer prices±0.9%9 of 11×0.91

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 1.49 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 10 '26 · confirmed	1.49	—
Q1 FY26	May 11 '26 · confirmed	1.48	—
Q3 FY25	Nov 3 '25 · confirmed	1.86	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod