Simon Property returns to Indianapolis headquarters as mall REIT enters new fiscal quarter after CEO transition

Simon Property flew from Los Angeles International Airport to Indianapolis International Airport on May 23, landing just before 6 p.m. local time after a three-and-a-half-hour flight in the company’s Gulfstream G550, N63HS. The trip closes a quick California turnaround — the same aircraft had flown from Indianapolis to Los Angeles earlier that same day.

The return to Indianapolis arrives the week after Simon Property reported first-quarter 2026 results, raising full-year Real Estate FFO guidance and increasing its quarterly dividend, according to a May 11 SEC filing and a company news release. The flight also follows the death of long-time CEO David Simon in March at age 64; his son Eli Simon now serves as chief executive, president and chief operating officer. With quarterly earnings calls behind them, the Indianapolis-based executive team is back at home base for the routine work of running the nation’s largest mall REIT.

The pattern matches a recurring beat: Simon Property’s G550 frequently shuttles between Indianapolis and Westchester County Airport, Los Angeles, and the San Francisco Bay Area, often timed around earnings cycles, investor meetings, and property tours. This particular Los Angeles stop — bookended by flights to and from KIND — suggests a day trip that ended with an overnight return to headquarters.