Simon Property Group, Inc. (SPG)
| Market Cap | 67.93B |
| Revenue (ttm) | 5.91B |
| Net Income (ttm) | 2.45B |
| Shares Out | 375.47M |
| EPS (ttm) | 7.51 |
| PE Ratio | 24.09 |
| Forward PE | 29.13 |
| Dividend | $8.40 (4.64%) |
| Ex-Dividend Date | Dec 9, 2024 |
| Volume | 1,139,265 |
| Open | 180.45 |
| Previous Close | 181.21 |
| Day's Range | 179.36 - 181.32 |
| 52-Week Range | 119.92 - 182.84 |
| Beta | 1.77 |
| Analysts | Buy |
| Price Target | 162.78 (-10.02%) |
| Earnings Date | Nov 1, 2024 |
About SPG
Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of ma... [Read more]
Financial Performance
In 2023, Simon Property Group'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 StatementsAnalyst Forecast
According to 9 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is $162.78, which is a decrease of -10.02% from the latest price.
News
Dividend Harvesting Portfolio Week 193: $19,300 Allocated, $1,844.97 In Projected Dividends
The Dividend Harvesting Portfolio rebounded strongly post-election, with profitability increasing by $688.50, resulting in a 27.13% return on invested capital. I added to positions in Realty Income, S...
Simon Property Group Is Still Undervalued
Simon Property Group is trading at a discount despite improved fundamentals, making it an attractive investment opportunity with strong earnings growth potential. Malls are regaining popularity, espec...
Buy 7 November Barron's Better Bet DiviDogs Of 23 & Watch 3 More To Be 'Safer'
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge div...
Simon Property Group: A High-Yield Value Gem In A Resilient Market
Simon Property Group remains an attractive choice for its high yield and total return potential. It's seeing respectable Portfolio NOI growth, along with increasing occupancy and sales per square foot...
Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%
Simon Property Group continues to increase its occupancy levels and has exceeded 95% for the past 5 quarters. SPG finished signing 1,200 leases in Q3 bringing their total to around 3,900 in the first ...
Simon Property Group, Inc. (SPG) Q3 2024 Earnings Call Transcript
Simon Property Group, Inc. (NYSE:SPG) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Tom Ward - Senior Vice President, Investor Relations David Simon - Chairman, P...
Simon® Reports Third Quarter 2024 Results, Affirms Full Year 2024 Guidance and Raises Quarterly Dividend
INDIANAPOLIS , Nov. 1, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported resu...
Dividend Harvesting Portfolio Week 191: $19,100 Allocated, $1,807.09 In Projected Dividends
Earning season is crucial, with big tech companies like Microsoft, Apple, Meta, Alphabet, and Amazon reporting, potentially driving the market higher. The Dividend Harvesting Portfolio saw a healthy r...
Simon® Announces Updated Date and Time For Its Third Quarter 2024 Earnings Conference Call
INDIANAPOLIS , Oct. 25, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revi...
Simon Property Group: The Rebirth Of Malls Is Experiential
Simon Property Group remains a buy due to strong occupancy, robust financials, and a well-supported dividend yield of 4.7%. SPG's diverse portfolio and strategic investments in experiential properties...
Dividend Harvesting Portfolio Week 189: $18,900 Allocated, $1,775.79 In Projected Dividends
The markets had a strong week with the S&P 500 and Nasdaq reaching new highs, driven by declining inflation and stable factory gate prices. The Dividend Harvesting Portfolio hit an all-time high in va...
3 High-Yield Stocks to Lock in Steady Income This Quarter
Now that the stock market is going into a new trend and cycle, sparked by the recent Federal Reserve (the Fed) interest rate cuts initiating a potential money shift over the next few quarters, investo...
Dwindling Buying Opportunities? 2 Inexpensive Stocks With Further Upside Potential In An Expensive Market
The ongoing bull market and potential for lower interest rates make high-quality, dividend-paying REITs like Simon Property Group and Realty Income attractive investments. Despite recent price appreci...
8 Dividend Stocks On My Buy List As Inflation Keeps Dropping
Disinflationary trends persist, with CPI showing a steady decline, despite media drama over slightly higher-than-expected figures; energy stocks remain attractive for long-term investors. Realty Incom...
2 Established Dividend Picks, Where We Can Forgive Past Mistakes
When enjoying sustainable portfolio income is the key objective, one of the most difficult things is to balance high yield with the risk of facing a dividend cut. If a company has made a cut in the pa...
5 September Dividend Raises- Yield Up To 4.9%
September was a splendid month for my 85-stock portfolio with five dividend raises, enhancing the joy for dividend-loving investing. Duke Energy, MGE Energy, Simon Property Group, Union Pacific, and B...
Simon® Announces Date For Its Third Quarter 2024 Earnings Release And Conference Call
INDIANAPOLIS , Oct. 4, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced det...
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
Simon Invites Gen Z to Meet Me @themall™
Nationwide campaign features acclaimed director Matty Peacock and a network of social influencers to inspire generations of shoppers to meet @themall INDIANAPOLIS , Sept. 30, 2024 /PRNewswire/ -- Si...
2 High-Yielding Funds That Could Be Placed In Retirement Portfolio
Predictable cash flows, strong balance sheets and attractive yields already from the start are the most common properties the retirement investors are seeking in their portfolio. By doing a proper due...
Simon Property Group Sells $1.0 Billion of Senior Notes
INDIANAPOLIS , Sept. 23, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today tha...
Simon Property Group: Cheap Dividend Growth
Simon Property Group offers a well-covered dividend at a high yield and trades at a discount to NAV, making it attractive for both dividend and value investors. Its diverse portfolio, strong market dy...
Simon Property Group Announces $3.5 Billion Revolving Credit Facility
INDIANAPOLIS , Sept. 19, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today th...
10 Sweet REITs: Yield Up To 6.6%
Equity REITs, distinct from mortgage REITs, generate income from rental leases and capital appreciation, offering high yields and tax advantages by distributing 90% of taxable income. My portfolio, Ro...
Simon Property Group, Inc. (SPG) Bank of America Global Real Estate Conference - (Transcript)
Simon Property Group, Inc. (NYSE:SPG) Bank of America Global Real Estate Conference Call September 10, 2024 10:20 AM ET Company Participants Brian McDade - Executive Vice President and Chief Financia...