Simon Property logo

Simon PropertyNYSE: SPG

Profile

Industry:

Retail

Country:

United States

IPO:

14 December 1993

Next earnings report:

02 August 2024

Last dividends:

07 June 2024

Next dividends:

N/A
$48.61 B
-13%vs. 3y high
98%vs. sector
-36%vs. 3y high
30%vs. sector
-5%vs. 3y high
99%vs. sector
-25%vs. 3y high
84%vs. sector

Price

after hours | Wed, 03 Jul 2024 20:45:09 GMT
$149.13+$1.45(+0.98%)
$1.44 B$1.30 B
$1.44 B$732.54 M

Analysts recommendations

Institutional Ownership

SPG Latest News

Simon Property Group: Further Stock Price Recovery Is Uncertain
seekingalpha.com28 June 2024 Sentiment: -

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.

Should You Retain Simon Property (SPG) Stock Right Now?
zacks.com24 June 2024 Sentiment: -

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.

Monroe Capital Supports Specialized Packaging Group's Acquisition of Clark Foam Corporation
businesswire.com18 June 2024 Sentiment: -

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: Still Undervalued With Well-Covered Dividend
seekingalpha.com07 June 2024 Sentiment: POSITIVE

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%.

Simon Property (SPG) Announces a Revamp of Fashion Valley
zacks.com21 May 2024 Sentiment: POSITIVE

In a strategic move to transform the luxury shopping landscape, Simon Property (SPG) announces a revitalization project at Fashion Valley, San Diego.

Simon Property (SPG) Announces Revamp of Houston's The Galleria
zacks.com17 May 2024 Sentiment: POSITIVE

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.

Shock Economic Slowdown: 3 Stocks to Sell NOW as Residual Seasonality Upends Forecasts
InvestorPlace13 May 2024 Sentiment: NEGATIVE

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.

Simon Property (SPG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research06 May 2024 Sentiment: NEUTRAL

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) Tops Q1 FFO and Revenue Estimates
Zacks Investment Research06 May 2024 Sentiment: POSITIVE

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.

What's in Store for Simon Property (SPG) This Earnings Season?
Zacks Investment Research03 May 2024 Sentiment: POSITIVE

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