CLAIM #54701 · SPG (SPG) · 2026Q1 earnings call · May 11, 2026 · due Sep 30, 2026
“I'm pretty sure looking at Brian, I think in the third quarter, we should be passing $50 billion paid as a public company, which is a pretty big number.”
Eli Simon · CEO
How to check this claim
Look at: Cumulative dividends paid since becoming a public company
It came true if: Cumulative dividends paid >= $50 billion
Where: management commentary on Q3 2026 earnings call / company disclosure
In context
“lace in Charlotte. And all 3 of those hit those criteria and frankly, outperforming even what we thought and are very excited about those future prospects. Next, I guess, you could go to share buybacks obviously, a slightly slower pace in the last quarter. Then a little geopolitical unrest, a little choppiness in the market. And so we are prudent and waited but as we said last year, we issued a little over 5 million shares to do the last 12% of the Taubman transaction, and we fully expect to buy those back. And so I would expect us to continue to be active. But again, if we do it now great. If we wait because we think it's prudent, that's fine as well. And then on the dividend, obviously, the dividend increased. It's been growing at a nice rate. It's something we take tremendous pride in. I'm pretty sure looking at Brian, I think in the third quarter, we should be passing $50 billion paid as a public company, which is a pretty big number. And so that's obviously incredibly important to us. But at the end of the day, if you think about the business, we're generating $1.6 billion or so of free cash flow after dividends. And so we have tremendous opportunities and tremendous things to do with that. And if we continue to naturally deleverage because we don't like the opportunities, that's fine, too, which we've been doing. So I guess that was a long winded -- long-winded way to answer, but really, no change in our capital allocation. We continue to evaluate all ideas and all opportunities, and we'll do what's best at that at any given time, which could be all or could be none. Operator: Our next question is from Michael Goldsmith with UBS. Michael Goldsmith: Eli, you mentioned the resilience of the consumer. What are you seein”
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SEC filings for SPG ↗ · Claim quote is verbatim from the 2026Q1 earnings call.