Simon Property Group, Inc. (SPG)

NYSE: SPG · IEX Real-Time Price · USD
147.95
+3.51 (2.43%)
At close: May 7, 2024, 4:00 PM
148.19
+0.24 (0.16%)
After-hours: May 7, 2024, 7:58 PM EDT
2.43%
Market Cap 48.22B
Revenue (ttm) 5.75B
Net Income (ttm) 2.56B
Shares Out 325.89M
EPS (ttm) 7.86
PE Ratio 18.82
Forward PE 23.59
Dividend $8.00 (5.41%)
Ex-Dividend Date Jun 7, 2024
Volume 2,671,250
Open 146.76
Previous Close 144.44
Day's Range 144.74 - 151.48
52-Week Range 100.17 - 157.82
Beta 1.70
Analysts Buy
Price Target 138.30 (-6.52%)
Earnings Date May 6, 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 10 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is $138.3, which is a decrease of -6.52% from the latest price.

Price Target
$138.3
(-6.52% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day 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...

1 day 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
1 day 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...

13 days 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.

15 days 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
21 days 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...

26 days 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...

2 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...

2 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
2 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...

3 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....

3 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 ...

3 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...

3 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...

4 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...

4 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...

4 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...

5 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
5 months ago - Invezz

Simon® to Present at the Goldman Sachs 2023 U.S. Financial Services Conference

INDIANAPOLIS , Nov. 30, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that...

5 months ago - PRNewsWire

Kohl's, Simon Property and Klarna Sprinkle AI Magic to Boost Holiday Spend

The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect with consumers.

Other symbols: KSS
6 months ago - PYMNTS

Simon® Takes Holiday Shopping to a New Level Thanks to AI

First-of-its-kind experience to launch in New York and Los Angeles INDIANAPOLIS , Nov. 16, 2023 /PRNewswire/ -- To help shoppers instantly find the perfect present this holiday season, Simon® , a glob...

6 months ago - PRNewsWire

Simon Property Group Announces Offering Of Euro-Denominated Bonds Exchangeable Into Shares Of Klépierre S.A.

INDIANAPOLIS , Nov. 7, 2023 /PRNewswire/ -- Simon®, a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced that its wholly-owned subsidiary, Simon Globa...

6 months ago - PRNewsWire

Simon Property Group Sells $1 Billion of Senior Notes

INDIANAPOLIS , Nov. 6, 2023 /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® Properties Closed Thanksgiving Day

INDIANAPOLIS , Nov. 1, 2023 /PRNewswire/ -- Simon ® announced today it will not open most domestic properties on Thanksgiving Day. Simon properties will reopen on Black Friday.

6 months ago - PRNewsWire