Key Details
Price
$183.77Last Dividend
$2.05Annual ROE
60.79%Beta
0.75Events Calendar
Next earnings date:
Feb 05, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
Feb 05, 2024Next ex-dividend date:
Dec 09, 2024Recent ex-dividend date:
Sept 09, 2024Next split:
N/ARecent split:
May 29, 2014Analyst ratings
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OSAGE BEACH, Mo., Nov. 22, 2024 /PRNewswire/ -- Sky Real Estate is pleased to share that it has purchased the Osage Beach Outlet Marketplace from a branch of Simon Property Group, Inc (NYSE: SPG).
Simon Property Group is currently priced lower than its true value, even though its financial situation has improved, which makes it a good investment choice with strong potential for earnings growth. Malls are becoming more popular again, particularly with Gen Z, resulting in higher occupancy and lease rates for SPG. After recovering from the COVID pandemic, SPG's financial performance, including net operating income, dividends, and earnings, has exceeded levels seen before the pandemic, but the stock is still undervalued.
SPG is expected to benefit from a valuable collection of retail properties, smart purchases, developments that combine different uses, online and offline shopping, and a strong financial position.
Simon Property Group is still a good option because of its high yield and potential for total returns. The company is experiencing solid growth in its Portfolio NOI, with rising occupancy rates and sales per square foot. Additionally, SPG has a strong financial position and good prospects for future growth thanks to its development projects.
In the third quarter, SPG's results were negatively affected by increased interest expenses. On the other hand, a rise in revenues compared to last year provides some positive news.
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.
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