Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
14 December 1993Website:
http://www.simon.comNext earnings report:
02 August 2024Last dividends:
07 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:45:09 GMTAnalysts recommendations
Institutional Ownership
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SPG Latest News
The slowing of interest rate declines may stop the stock price recovery in its tracks for at least months to come. Despite potential challenges, the company's diversification, size, and property locations may continue to provide satisfactory investment performance. Previous earnings gains were at least partially fueled by lower vacancy rates and inflation protection. Those influences are now lower than they were, which may lead to lower earnings growth.
Simon Property (SPG) is poised to benefit from its portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts, though higher e-commerce adoption and high rates are worrisome.
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners. SPG is a leading vertically integrated provider of protective packaging products. Based in Illinois, Clark Foam provides custom-designed packaging solutions for a di.
Simon Property Group has outperformed the Real Estate sector and the S&P 500, providing a total return of nearly 50% since October 2023. SPG's diverse property offerings and expansion efforts contribute to its strong financials and liquidity. The current dividend yield of 5.2% and the current FFO per share covers the dividend by a massive 178%.
In a strategic move to transform the luxury shopping landscape, Simon Property (SPG) announces a revitalization project at Fashion Valley, San Diego.
Simon Property Group (SPG) has announced plans to reinvest in The Galleria, an iconic retail property in Houston, as the retail real estate industry continues to evolve.
Morgan Stanley analysts are recommending that investors buy U.S. government bonds, even if the economy remains strong, due to their belief that bond yields could decrease significantly. They attribute this potential decline to "residual seasonality," a statistical anomaly that can impact economic data even after adjustments for seasonal factors. As a result, they anticipate a quicker drop in inflation than what is currently expected by the market. In light of this prediction, I have identified three stocks to sell.
The key figures for Simon Property (SPG) offer a glimpse into its performance in the first quarter of 2024, but it could be beneficial to compare certain metrics to analyst expectations and the previous year's results.
Simon Property (SPG) reported quarterly funds from operations (FFO) of $3.56 per share, exceeding the Zacks Consensus Estimate of $2.80 per share. This is an increase from FFO of $2.74 per share in the same quarter last year.
Although Simon Property (SPG) stands to gain from its initiatives to promote omnichannel retailing and strong financial position, the impact of high interest rates may have hindered its performance.
What type of business is Simon Property?
Simon Property Group, Inc. is one of the largest American real estate investment trusts. It is organized and operates as a Reit fund. It was founded in 1993. The company's portfolio includes assets with both full and partial ownership, mainly regional shopping centers, premium outlet centers, The Mills, entertainment centers, and international real estate properties. In total, as of the end of 2018, there were 206 real estate properties in the US and 27 overseas. The main activity of the fund is focused on owning, managing, and developing prime commercial and mixed-use real estate. In addition, it has numerous projects for redeveloping and expanding its assets.
What sector is Simon Property in?
Simon Property is in the Real Estate sector
What industry is Simon Property in?
Simon Property is in the Retail industry
What country is Simon Property from?
Simon Property is headquartered in United States
When did Simon Property go public?
Simon Property initial public offering (IPO) was on 14 December 1993
What is Simon Property website?
https://www.simon.com
Is Simon Property in the S&P 500?
Yes, Simon Property is included in the S&P 500 index
Is Simon Property in the NASDAQ 100?
No, Simon Property is not included in the NASDAQ 100 index
Is Simon Property in the Dow Jones?
No, Simon Property is not included in the Dow Jones index
When does Simon Property report earnings?
The next expected earnings date for Simon Property is 02 August 2024