Simon Property Group, Inc. (SPG)
SPG Stock Price Chart
Key Info
| Market Cap | 30.81B |
| Revenue (ttm) | 4.96B |
| Net Income (ttm) | 1.35B |
| Shares Out | 305.90M |
| EPS (ttm) | 4.40 |
| PE Ratio | 21.34 |
| Forward PE | n/a |
| Dividend | $5.20 |
| Dividend Yield | 5.54% |
Stock Quote
| Trading Day | December 4 |
| Last Price | $93.91 |
| Previous Close | $89.63 |
| Change ($) | 4.28 |
| Change (%) | 4.78% |
| Day's Open | 92.24 |
| Day's Range | 90.71 - 94.36 |
| Day's Volume | 5,266,985 |
| 52-Week Range | 42.35 - 141.96 |
SPG Stock News
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INDIANAPOLIS, Nov. 23, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...
This article has been a long time coming, with nearly 4.3% of my portfolio being invested in Simon Property Group. I'm long SPG at a comparatively appealing cost basis, around the current pric...
Billionaire investor Bruce Flatt is betting big on real estate and expects property prices to surge in the aftermath of this crisis. He believes that REITs are the best bargains in today's mar...
SPG stock has declined as the company bets it can keep JCPenney alive and partner Authentic Brands can do the same in the rest of its malls.
Simon Property Group's stock has been rising lately, but has it really turned the corner yet? Here's what you need to know.
While consumers have shifted to online shopping, malls will still be an important venue. SPG has had years of disciplined property and capital management, which makes it well positioned to man...
Despite retail bankruptcies, store closures and rent-collection woes continuing to affect Simon Property (SPG), strategic capital raises for growth endeavors augur well for long-term growth.
INDIANAPOLIS, Nov. 18, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...
A deal cut in better times causes buyer's remorse for one real estate investment trust and its shareholders.
INDIANAPOLIS, Nov. 18, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...
Here are some of the stocks that should benefit most from a widely available vaccine.
Customer experience platform Narvar is partnering with real estate investment trust Simon to facilitate easier retail returns, according to a press release. "Despite our deep roots in eCommerc...
Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy i...
Mall owner Simon Property will start using the concierge desks at a handful of its malls to accept retailers' returns, ahead of the holiday season.
Simon (SPG) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Simon Property Group has agreed to go through with the purchase of an 80% stake in smaller rival Taubman in exchange for an 18% discount on the price per share.
The two shopping center giants were set to combine in a deal valued at $3.6 billion, prior to the coronavirus pandemic's arrival in the U. S., but the merger in June was halted by Simon, which...
Don Peebles on the future of real estate after the pandemic
Don Peebles, The Peebles Corporation CEO, President Obama's National Finance Committee and former chairman of The Congressional Black Caucus Foundation, joins 'The Exchange' to discuss his out...
Shopping mall giants Simon Property Group and Taubman Centers saw their stock prices spike Monday as they rescued a merger that was nearly scuttled by the coronavirus pandemic. Simon shares su...
Simon Property (SPG) will now pay $43 per share in cash, down 18% from the previously-agreed price of $52.50 in February to purchase an 80% stake in Taubman Centers (TCO).
Simon Property Group (SPG) news for Monday concerning an update to its deal with Taubman Centers (TCO) has SPG stock soaring higher. The post Simon Property Group News: Why SPG Stock Is Surgin...
Simon, Taubman revise deal, cut price to $43 a share from $52.50
CNBC's "Squawk on the Street" team discusses the Simon & Taubman revised deal, which cut price to $43 a share from $52.50. Simon to acquire 80% ownership, and the deal is expected to close lat...
Simon Property Group, Inc. and Taubman Centers, Inc. have changed their merger price to $43 per share in cash, according to a press release from Simon. The combination is anticipated to close ...
David Simon, Simon's CEO, speculated that opportunistic investments in distressed apparel retailers like Brooks Brothers and Lucky Brand will eventually make his Company more than a $1 billion...
Simon Property Group has announced a new deal with Taubman Center at $800 million less and a 7.2% cap rate. The company has significantly improved its gathering rate on revenues, and we expect...
Simon Property Group, Inc. (NYSE: SPG) and real estate investment trust Taubman Centers, Inc. (NYSE: TCO) have agreed to follow through on their merger deal at a revised price. What Happened: ...
Under the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50.
Simon Property Group Inc , the biggest U.S. mall operator, said on Sunday it has agreed with Taubman Centers Inc to modify terms of their merger deal, including a revised purchase price of $43...
High-end mall developer Taubman Centers Inc. has agreed to accept a price cut in its takeover by Simon Property Group Inc., in a move that will allow the companies to avoid a drawn-out legal b...
INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") and Taubman Centers, Inc. (NYSE: TCO) ("Taubman") today announced that ...
The largest retail REIT and mall owner in the U.S. is giving lenders on several of its shopping centers an early Christmas present: the keys back.
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While key earnings metrics are still plunging on a year-over-year basis, cash rent collections have improved, driving positive cash flow for the largest retail REIT.
JCPenney's retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.
The shares of Simon Property Group Inc (NYSESPG) are up 4.8% at $82.90 this morning, despite the mall giant reporting fourth-quarter earnings of $0.74 per share -- much lower than Wall Street'...
Simon Property Group CEO David Simon says some mall tenants refuse to pay rent
Simon Property Group was asked this past weekend to close its Cielo Vista Mall in El Paso, Texas, again, as Covid-19 cases in the area are on the rise, Chief Executive David Simon said Monday....
U.S. retailers are struggling to pay rent in the wake of the COVID-19 pandemic, according to the country's largest mall operator.
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.... Full company profile.
| Industry REIT-Retail | IPO Date Dec 13, 1993 |
| CEO David Simon | Employees 3,500 |
| Stock Exchange NYSE | Ticker Symbol SPG |
Financial Performance
In 2019, SPG's revenue was $5.76 billion, an increase of 1.95% compared to the previous year's $5.65 billion. Earnings were $2.10 billion, a decrease of -13.87%.
Analyst Forecasts
According to 19 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is 88.38, which is a decrease of -5.89% from the latest price.