Simon Property Group, Inc. (SPG)
| Market Cap | 46.39B |
| Revenue (ttm) | 5.66B |
| Net Income (ttm) | 2.28B |
| Shares Out | 325.89M |
| EPS (ttm) | 6.98 |
| PE Ratio | 20.40 |
| Forward PE | 22.70 |
| Dividend | $7.80 (5.48%) |
| Ex-Dividend Date | Mar 7, 2024 |
| Volume | 821,171 |
| Open | 143.05 |
| Previous Close | 142.73 |
| Day's Range | 142.31 - 144.46 |
| 52-Week Range | 100.17 - 157.82 |
| Beta | 1.70 |
| Analysts | Buy |
| Price Target | 138.30 (-2.85%) |
| 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]
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 10 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is $138.3, which is a decrease of -2.85% from the latest price.
News
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...
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...
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.
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...
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...
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 ...
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.
Simon Property Group Thrives With Strong Tenant Sales Growth and Tourism Rebound
In the realm of property leasing, Simon Property Group, the largest mall owner and developer in the U.S., is seeing growth in tenant sales, particularly in its tourism-centric properties, including bo...
Simon® Reports Third Quarter 2023 Results and Increases Full Year 2023 Guidance
INDIANAPOLIS , Oct. 30, 2023 /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 is a 'buy': Morgan Stanley's Ronald Kamdem
Ronald Kamdem, Morgan Stanley REIT analyst, joins 'The Exchange' to discuss the state of New York City's commercial real estate, investing opportunities in the broader market, and more.