Simon Property Group’s second quarter offered more evidence that the nation’s largest mall owner is carrying its post-pandemic run into the second half of 2026. (Last year’s second quarter included a noncash after-tax investment gain worth 21 cents per share.) Simon reported $1.18 billion in overall FFO, compared with $1.11 billion in the first quarter and $1.19 billion in the second quarter of 2025. Real estate FFO increased to $1.25 billion, up from $1.21 billion in the first quarter and $1.15 billion a year earlier. Simon also took on about 1 million square feet of bankruptcy-related space during the quarter, largely from Saks Off 5th.