Simon Property Group, Inc. (SPG)
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]
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 StatementsAnalyst 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.
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.
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...
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...
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...
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...
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...
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...
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...
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.
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...
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.
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...
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...
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...
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...
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.
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...
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....
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 ...
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...
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...
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...
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...
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...
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...