CLAIM #54688 · SPG (SPG) · 2025Q4 earnings call · Feb 2, 2026 · due Dec 31, 2026
“We're projecting 3% comp NOI growth.”
Brian McDade · CFO
How to check this claim
Look at: Comparable (same-store) NOI growth, domestic property portfolio, fiscal year 2026
It came true if: Comp NOI growth approximately 3% (2.5%-3.5%)
Where: Company earnings release / supplemental disclosure on comp NOI growth (10-K or Q4 2026 earnings call)
In context
“kruptcies You know, we'll have you know, tenants will be delayed. That kind of stuff. But you know, if if we get the tenant sales growth that we hope to get, you know, then we'll we'll do better. And I would I don't you know, anticipate doing worse than our age. Greg McGinnis: Okay. Thank you. Operator: Thanks, sir. The next question comes from the line of Vince Tibone with Green Street. You may proceed with your question. Vince Tibone: Hi. Good evening. I got one more on guidance. Can you just discuss the level of domestic property NOI guidance included in '26 FFO? And then also, if you could just help quantify '25 was a bigger acquisition year than know, the recent past? Like, how much did '25 completed acquisitions benefit or contribute to domestic property or NOI in '26? Brian McDade: We're projecting 3% comp NOI growth. You know, the deals you know, Talman really is a 27 story. Because of you'll see an announcement from us tomorrow or the next day on some transformations of three properties that now that we've you know, got our hands on. We also have the integration, which is a 26 story. So it's you know, we obviously issued the units as well. We have them quarterized that, which is our intent. People made fun of that name, but that's a legit use of the word. So so we really done much of that yet. And we'll be prudent about that. That's not really in the guidance. So and the other deals you know, helped a few sets. But they're they're all early days. Vince Tibone: No. That that's really awesome color. Couple couple were pretty small. But you know, all all over time will contribute to our growth. Vince Ti”
Verify independently
SEC filings for SPG ↗ · Claim quote is verbatim from the 2025Q4 earnings call.