Simon Property Group, Inc. (SPG)

NYSE: SPG · Real-Time Price · USD
164.35
0.00 (0.00%)
Sep 18, 2024, 4:00 PM EDT - Market closed
0.00%
Market Cap 53.59B
Revenue (ttm) 5.84B
Net Income (ttm) 2.57B
Shares Out 326.04M
EPS (ttm) 7.87
PE Ratio 20.89
Forward PE 26.76
Dividend $8.20 (4.99%)
Ex-Dividend Date Sep 9, 2024
Volume 1,714,922
Open 164.92
Previous Close 164.35
Day's Range 163.54 - 166.57
52-Week Range 102.11 - 169.19
Beta 1.77
Analysts Buy
Price Target 162.78 (-0.96%)
Earnings Date Oct 28, 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]

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, 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 Statements

Analyst 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 -0.96% from the latest price.

Price Target
$162.78
(-0.96% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

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8 hours ago - Seeking Alpha

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...

8 days ago - Seeking Alpha

Introducing ShopSimon™: Brands You Love. On Sale. 24/7.

Simon® has expanded and rebranded its online outlet marketplace as ShopSimon, a comprehensive source for on-sale and outlet merchandise. INDIANAPOLIS , Sept.

13 days ago - PRNewsWire

Simon® to Present at BofA Securities 2024 Global Real Estate Conference

INDIANAPOLIS , Sept. 4, 2024 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today th...

14 days ago - PRNewsWire

Simon Property Group Shares Cross 5% Yield Mark

In trading on Tuesday, shares of Simon Property Group were yielding above the 5% mark based on its quarterly dividend (annualized to $8.2), with the stock changing hands as low as $163.87 on the day. ...

15 days ago - Forbes

Simon Property Group: Why Momentum Might Be In The Cards

Simon Property Group, Inc.'s market value has surged by more than 45% year-over-year, raising the possibility of mean reversion. However, I think additional momentum is in play. The REIT's portfolio f...

15 days ago - Seeking Alpha

What I Wish I Knew Before Buying REITs

REITs are proven long-term wealth compounders with the benefits of real estate investing, economies of scale, and diversification. However, there are several important aspects of REIT investing that m...

Other symbols: BXFPIFRTMACMPWOVNQ
23 days ago - Seeking Alpha

REIT Fantasy Football: 11 Companies To Start Your Team

Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...

26 days ago - Seeking Alpha

Simon Property Group: Dividend Restoration Continues

Simon Property Group, Inc. announced yet another dividend increase. CEO David Simon's health raises concerns about finding a suitable replacement. The company's strong financial metrics and location a...

4 weeks ago - Seeking Alpha

The Active Approach To Fixed Income

Fixed income securities are much broader than areas that typically receive allocation. Preferreds are often overlooked due to perceived riskiness, but can be safer than bonds of troubled companies. Sp...

Other symbols: DLRJNK
4 weeks ago - Seeking Alpha

Simon Property Group Raises Its Dividend Again And Flexes Its Muscles In Q2

SPG stock rebounded quickly post-pandemic, with a 55.62% increase in investment value and 75.98% total return including dividends. SPG occupancy rates remain high, driving revenue growth and profitabi...

4 weeks ago - Seeking Alpha

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: CCIVICI
4 weeks ago - Benzinga

Why REITs May Pummel Tech

REITs have been one of the worst-performing sectors since early 2022. However, REITs have recently become one of the best-performing sectors, outperforming tech stocks and the S&P 500 by a wide margin...

Other symbols: ADCCPTEPRHSTMAAOQQQ
5 weeks ago - Seeking Alpha

Back To School: 2 Must-Own REIT Juggernauts That Delivered All A's

Realty Income Corporation and Simon Property Group, Inc. are top-tier REITs with strong fundamentals and experienced management. Both companies reported positive earnings results in the second quarter...

Other symbols: O
5 weeks ago - Seeking Alpha

Simon Property Group Remains Optimistic About Consumer Spending in Retail

While there are signs in the broader economy that a consumer-led recession could be on the way, real estate investment trust Simon Property Group remains optimistic about its shopping, dining, enterta...

6 weeks ago - PYMNTS

Simon Property Group, Inc. (SPG) Q2 2024 Earnings Call Transcript

Simon Property Group, Inc. (NYSE:SPG) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Thomas Ward - Senior Vice President, Investor Relations David Simon - Chairman, C...

6 weeks ago - Seeking Alpha

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO

Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday.

6 weeks ago - Reuters

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

INDIANAPOLIS , Aug. 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...

6 weeks ago - PRNewsWire

REIT stocks analysis: Realty Income, Simon Property, Starwood

Real Estate Investment Trusts (REITs) are underperforming the market this year as concerns about the economy and interest rate remain. The closely watched iShares Global REIT ETF (REET) stock has rise...

Other symbols: OSTWD
6 weeks ago - Invezz

The 'X' Factor For Public REITs

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for sign...

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6 weeks ago - Seeking Alpha

Simon Property Group: Wall Street Ratings Underestimate Risks

Wall Street analysts have a bullish rating on SPG stock. I think such a rating substantially underestimates the underlying risks. SPG's generous dividends are a main draw here and have been a key sour...

7 weeks ago - Seeking Alpha

20 value stocks with high dividend yields and expected room to raise payouts

Last week's action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.

Other symbols: AMBENCMACOLBCWENEPRKSS
2 months ago - Market Watch

Why outlets are lagging behind other mall categories in the U.S.

The pandemic and the rise of e-commerce giants like Amazon and Shein have severely affected the industry.

Other symbols: GAPNKESKT
2 months ago - CNBC

Simon Property Group: Still In My Portfolio But Certainly Not Adding More

My last article on Simon Property Group was issued in March 2020. The thesis was bullish and the returns have reached 280%. While I continue to hold SPG in my portfolio, I do not think that it is a so...

2 months ago - Seeking Alpha

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

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

2 months ago - PRNewsWire