Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
14 December 1993Website:
http://www.simon.comNext earnings report:
05 November 2024Last dividends:
09 September 2024Next dividends:
N/APrice
regular market | 3 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
SPG Latest News
Higher interest expenses hurt SPG's Q3 results. However, a year-over-year rise in revenues offers some support.
The financial results for Simon Property (SPG) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
Simon Property (SPG) reported quarterly funds from operations (FFO) of $2.84 per share, which is lower than the Zacks Consensus Estimate of $3 per share. This is a decrease compared to last year's FFO of $3.20 per share.
INDIANAPOLIS, Nov. 1, 2024 /PRNewswire/ -- Simon ®, a real estate investment trust that owns top shopping, dining, entertainment, and mixed-use locations, has announced its results for the quarter ending September 30, 2024. "We are happy with our quarterly results, which show strong financial and operational performance, along with the successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets," stated David Simon, Chairman, CEO, and President.
Simon Property Group, Inc. (NYSE:SPG) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 10:00 AM ET. The call will feature company representatives including Tom Ward, David Simon, and Brian McDade, along with various participants from financial institutions. The operator will begin the call by welcoming everyone to the conference.
SPG is set to gain from the strong demand for retail properties, but high interest costs may have hindered its progress.
Assess the anticipated performance of Simon Property (SPG) for the quarter that ended in September 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, take a closer look at some important metrics for a deeper understanding.
INDIANAPOLIS, Oct. 25, 2024 /PRNewswire/ -- Simon®, a real estate investment trust that owns top shopping, dining, entertainment, and mixed-use locations, has shared updated information about its third quarter earnings conference call. The company's financial and operational results for the quarter ending September 30, 2024, will be published before the market opens on November 1, 2024.
Simon Property Group is still a good investment because it has high occupancy rates, solid financial performance, and a strong dividend yield of 4.7%. Its varied portfolio and smart investments in experience-based properties allow it to adapt to changing consumer preferences and grow in the future. Although it has a lot of debt, SPG's strong cash flow and the current low interest rates improve its financial stability and potential for growth.
When the main goal is to have a steady income from investments, it can be challenging to find a good balance between high returns and the risk of losing dividends. If a company has previously reduced its dividends, it may not seem like a good investment for those looking for stability. However, there can be valid reasons for some exceptions.
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 was Simon Property the previous earnings report?
No data
When does Simon Property earnings report?
The next expected earnings date for Simon Property is 05 November 2024