Simon Property Group, Inc. (SPG)
| 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]
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 -0.96% from the latest price.
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...
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...
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.
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...
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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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.
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.
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...
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...