Simon Property Group, Inc. (SPG)

NYSE: SPG · IEX Real-Time Price · USD
147.78
+1.26 (0.86%)
At close: Jul 2, 2024, 4:00 PM
147.68
-0.10 (-0.07%)
After-hours: Jul 2, 2024, 7:50 PM EDT
0.86%
Market Cap 48.17B
Revenue (ttm) 5.75B
Net Income (ttm) 2.56B
Shares Out 325.94M
EPS (ttm) 7.86
PE Ratio 18.80
Forward PE 23.59
Dividend $8.00 (5.41%)
Ex-Dividend Date Jun 7, 2024
Volume 1,111,230
Open 146.46
Previous Close 146.52
Day's Range 146.09 - 148.41
52-Week Range 102.11 - 157.82
Beta 1.74
Analysts Buy
Price Target 145.18 (-1.76%)
Earnings Date Jul 31, 2024

About SPG

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. [Read more]

Industry REIT - Retail
Sector Real Estate
IPO Date Dec 13, 1993
Employees 3,000
Stock Exchange NYSE
Ticker Symbol SPG
Full Company Profile

Financial Performance

In 2023, SPG's revenue was $5.66 billion, an increase of 6.94% compared to the previous year's $5.29 billion. Earnings were $2.28 billion, an increase of 6.72%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is $145.18, which is a decrease of -1.76% from the latest price.

Price Target
$145.18
(-1.76% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Former Walmart U.S. CEO Bill Simon on May retail sales report: The consumer is clearly burdened

Former Walmart U.S. CEO Bill Simon joins 'Squawk Box' to discuss the May retail sales data, the state of the consumer, and more.

Other symbols: WMT
14 days ago - CNBC Television

CAMP, The Family Experience Company, and Simon Announce Collaboration to Bring Play-and-Shop Retail Experiences to Families in Philadelphia & Houston

NEW YORK, June 18, 2024 /PRNewswire/ -- CAMP, the Family Experience Company, and Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-us...

14 days ago - PRNewsWire

PHOENIX - New Joint Venture Led by WHP Global - Receives Court Approval to Acquire Operations of Express Retail Company

PHOENIX will Operate DTC Commerce in the U.S.A. for Express & Bonobos NEW YORK , June 14, 2024 /PRNewswire/ -- WHP Global, in collaboration with an affiliate of Simon Property Group ("Simon"), Brookfi...

18 days ago - PRNewsWire

SIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATION

Center Uniquely Positioned to Serve Greater San Diego and Beyond, as Growth Continues INDIANAPOLIS , May 20, 2024 /PRNewswire/ -- Simon ® , a real estate investment trust engaged in the ownership of p...

6 weeks ago - PRNewsWire

Simon® Reinvesting in Houston's The Galleria™, One of the Most Iconic, Luxurious Shopping Centers in the U.S.

Luxury Offering Continues to Expand Due to Strong Demand INDIANAPOLIS , May 16, 2024 /PRNewswire/ -- Simon® , a real estate investment trust engaged in the ownership of premier shopping, dining, enter...

6 weeks ago - PRNewsWire

Simon Sells ABG Stake, Eyes Express Despite Cooling Retail Holdings

U.S. mall giant Simon Property Group Simon Property Group has exited Authentic Brands Group (ABG), selling off its near 10% stake in the international brand management business for nearly $1.2 billion...

Other symbols: ABGEXPRQ
7 weeks ago - Forbes

Simon Property Group Sees ‘Big Comeback' in Malls

Simon Property Group has seen a “big comeback” in malls, driven in part by domestic tourism. The company, which is a real estate investment trust that owns shopping, dining, entertainment and mixed-us...

2 months ago - PYMNTS

Simon® Reports First Quarter 2024 Results, Increases Full Year 2024 Guidance and Raises Quarterly Dividend

INDIANAPOLIS , May 6, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported result...

2 months ago - PRNewsWire

Earnings Exchange: Disney, Simon Property Lucid Motors

Jeff Kilburg, CEO and CIO of KKM Financial, joins CNBC's 'The Exchange' to share outlooks on three stocks: Disney, Simon Property Group, and Lucid Motors.

Other symbols: DISLCID
2 months ago - CNBC Television

Simon® Announces Exciting Additions to Woodbury Common Premium Outlets®

World-renowned shopping destination adds premium amenity, new stores  and shares update on future expansion plans  INDIANAPOLIS , April 24, 2024 /PRNewswire/ -- Simon® , a global leader in premier sho...

2 months ago - PRNewsWire

Express files for bankruptcy, will close 95 Express and all UpWest stores

Express Inc. disclosed Monday that it has filed for bankruptcy, a move the troubled clothing retailer has been expected to pursue for the past few months.

2 months ago - Market Watch

Give Old Electronics a New Life with Georgia Natural Gas and Lenox Square at Annual Earth Day Recycling Drive

ATLANTA , April 16, 2024 /PRNewswire/ -- Georgia Natural Gas, the state's leading natural gas provider, is teaming up with  Lenox Square to encourage Georgia residents and businesses to drive down was...

Other symbols: SO
2 months ago - PRNewsWire

Simon® Announces Date For Its First Quarter 2024 Earnings Release And Conference Call

INDIANAPOLIS , April 11, 2024 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced d...

2 months ago - PRNewsWire

Simon® to Present at Citi's 2024 Global Property CEO Conference

INDIANAPOLIS , Feb. 29, 2024 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today th...

4 months ago - PRNewsWire

Simon® Embraces Environmental Transparency by Disclosing through CDP

INDIANAPOLIS , Feb. 14, 2024 /PRNewswire/ -- Simon ® today announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non...

4 months ago - PRNewsWire

Commercial real estate will be 'a dull pain' that continues in the system, says Richard LeFrak

The LeFrak Organization CEO Richard LeFrak joins 'Squawk Box' to discuss the state of the commercial real estate market, the stressors facing the sector, and more.

Other symbols: EQIXOWELL
4 months ago - CNBC Television

Simon® Announces New $2.0 Billion Common Stock Repurchase Program

INDIANAPOLIS , Feb. 8, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that...

5 months ago - PRNewsWire

Simon Property Group Leverages Digital Loyalty Tech to Drive Brick-and-Mortar Visits

Simon Property Group is leveraging technology to maintain shoppers' visits to on-site stores in the face of growing competition from eCommerce players. The largest mall owner and developer in the U.S....

5 months ago - PYMNTS

Simon Property tops expectations for quarterly FFO

Simon Property Group topped market expectations for fourth-quarter funds from operations (FFO) on Monday, as the commercial real estate investment trust (REIT) benefited from strong leasing demand at ...

5 months ago - Reuters

Simon® Reports Fourth Quarterand Full Year 2023 Resultsand Raises Quarterly Dividend

INDIANAPOLIS , Feb. 5, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported resul...

5 months ago - PRNewsWire

Simon Property Group Announces Reporting Information For 2023 Distributions

INDIANAPOLIS , Jan. 16, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced 2023...

6 months ago - PRNewsWire

Simon® Announces Date For Its Fourth Quarter 2023 Earnings Release And Conference Call

INDIANAPOLIS , Jan. 10, 2024 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced de...

6 months ago - PRNewsWire

Simon Property Group Announces Appointment of Nina P. Jones to Board of Directors

INDIANAPOLIS , Jan. 9, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that...

6 months ago - PRNewsWire

Simon® Celebrates 30 Years as a Public Company

INDIANAPOLIS , Dec. 13, 2023 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today celebrates t...

7 months ago - PRNewsWire

REITs are cheap: 3 SWAN stocks I'm buying: SLG, VNO, SPG

Real Estate Investment Trusts (REITs) have been unloved, unwanted, and forgotten in 2023 amid a prolonged period of high-interest rates. Office property values in key American cities have dropped whil...

Other symbols: SLGVNO
7 months ago - Invezz