Simon Property Group, Inc. (SPG)

NYSE: SPG · IEX Real-Time Price · USD
128.82
+3.93 (3.15%)
Dec 1, 2023, 4:00 PM EST - Market closed
3.15%
Market Cap 48.33B
Revenue (ttm) 5.53B
Net Income (ttm) 2.21B
Shares Out 375.18M
EPS (ttm) 6.75
PE Ratio 19.08
Forward PE 19.68
Dividend $7.60 (5.90%)
Ex-Dividend Date Dec 7, 2023
Volume 1,830,801
Open 125.04
Previous Close 124.89
Day's Range 124.64 - 128.91
52-Week Range 100.17 - 133.08
Beta 1.61
Analysts Buy
Price Target 127.73 (-0.85%)
Earnings Date Oct 30, 2023

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 3,300
Stock Exchange NYSE
Ticker Symbol SPG
Full Company Profile

Financial Performance

In 2022, SPG's revenue was $5.29 billion, an increase of 3.41% compared to the previous year's $5.12 billion. Earnings were $2.14 billion, a decrease of -4.90%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is $127.73, which is a decrease of -0.85% from the latest price.

Price Target
$127.73
(-0.85% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

3 days ago - PRNewsWire

Ride the momentum: Apparel stocks soaring at 52-week highs

Now that the volatility index (VIX) has dipped below 15%, markets are calm; finding momentum and good trading opportunities may seem like finding a needle in a haystack. However, one can be your savio...

Other symbols: AEOANFGPS
12 days ago - MarketBeat

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
12 days 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...

17 days 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...

26 days 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 ...

27 days 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.

4 weeks ago - PRNewsWire

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...

4 weeks ago - PYMNTS

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...

4 weeks ago - PRNewsWire

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.

4 weeks ago - CNBC Television

Simon Property Group's 7.2% Dividend Has Insiders Buying In Bulk

People often forget that, despite the presence of trading bots and algorithms, the majority of the market is comprised of people with one common goal: to make the bottom number bigger. There is one ot...

5 weeks ago - MarketBeat

Now Open: TYR Sport Unveils First-Ever Retail Location at Roosevelt Field

Dive into a World of Cutting-edge Footwear & Fitness Apparel at Long Island's Largest Retail Destination GARDEN CITY, N.Y. , Oct. 20, 2023 /PRNewswire/ -- TYR Sport is thrilled to announce the grand o...

6 weeks ago - PRNewsWire

The mall is not dead: buy Simon Property Group stock for its 7% yield

The Simon Property Group (NYSE: SPG) stock price has moved sideways in 2023 as concerns about high-interest rates and the upcoming wall of maturities. The stock has dropped by about 7.23% this year an...

6 weeks ago - Invezz

Simon® Announces its 2023 "Shop with Purpose" Campaign to Benefit Susan G. Komen®

INDIANAPOLIS , Oct. 3, 2023 /PRNewswire/ -- Simon® , a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced its fall campaign to support Susan G. Komen ...

2 months ago - PRNewsWire

Simon® Earns GRESB Green Star

INDIANAPOLIS , Oct. 2, 2023 /PRNewswire/ -- Simon ® announced today it has received a four-star rating as a leading retail real estate company for its sustainability practices by The Global Real Estat...

2 months ago - PRNewsWire

Three-Stock Lunch: Simon Property, Paccar Inc, and Kroger

David Trainer, New Constructs CEO, joins 'Power Lunch' to discuss his investing take on three stocks: Simon Property, Paccar Inc, and Kroger.

Other symbols: KRPCAR
2 months ago - CNBC Television

Cardless Unveils Enhanced Simon Card with 5% Cash Back at Every Store At Simon Centers

The Simon® American Express® Credit Card will now begin offering 5% cash back on all purchases made at Simon centers alongside 1% cash back on purchases made elsewhere. SAN FRANCISCO , Sept.

2 months ago - PRNewsWire

Simon® Announces Date For Its Third Quarter 2023 Earnings Release And Conference Call

INDIANAPOLIS , Sept. 28, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced det...

2 months ago - PRNewsWire

Simon® to Present at BofA Securities 2023 Global Real Estate Conference

INDIANAPOLIS , Sept. 7, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that...

3 months ago - PRNewsWire

These 20 dividend-paying stocks get a double boost from declining interest rates

Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better.

3 months ago - Market Watch

The Falls Debuts Miami's First-Of-Its-Kind, 120,000-Square-Foot Life Time Athletic Country Club on August 4

Simon's premier shopping center now home to the ultimate in health and wellness with outdoor beach club, salt water pools, indoor pickleball and fitness spaces, kids academy, cafe, spa and more MIAMI ...

Other symbols: LTH
4 months ago - PRNewsWire

Simon® Reports Second Quarter 2023 Results and Increases Full Year 2023 Guidance and Raises Quarterly Dividend

INDIANAPOLIS,  Aug. 2, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported result...

4 months ago - PRNewsWire

Simon® Announces Time Change For Its Second Quarter 2023 Earnings Conference Call

INDIANAPOLIS , July 20, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revi...

4 months ago - PRNewsWire

Simon® Announces Date For Its Second Quarter 2023 Earnings Release And Conference Call

INDIANAPOLIS , July 14, 2023  /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced det...

5 months ago - PRNewsWire

2 Quality Stocks Politicians Have Been Buying

Politicians are at the forefront of new regulation approval, policy changes and have a general feel for the headwinds facing certain industries. Therefore, they are deemed to be people of influence.

Other symbols: ADI
6 months ago - GuruFocus