Streetbeat News

SPG

Simon Property Group, Inc.

https://www.simon.com

Industry

REIT - Retail

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.

Open

183.07

Mkt cap

59B

Volume

400K

High

183.96

P/E Ratio

24.17

52-wk high

183.96

Low

181.44

Div yield

0.04

52-wk low

119.92

Sky Real Estate has acquired the Osage Beach Outlet Marketplace from a subsidiary of Simon Property Group, Inc (NYSE: SPG).

Portfolio Pulse from

November 22, 2024 | 1:45 pm

Simon Property Group (SPG) is considered undervalued despite strong earnings growth potential and improved fundamentals. Malls are regaining popularity, especially among Gen Z, leading to higher occupancy and lease rates for SPG. Financials have surpassed pre-pandemic levels.

Portfolio Pulse from

November 14, 2024 | 10:30 am

Simon Property Group (SPG) has seen a 16.9% increase in its stock price over the past three months. The company is expected to continue benefiting from its premium retail asset portfolio, strategic acquisitions, mixed-use developments, omnichannel retailing, and a strong balance sheet.

Portfolio Pulse from

November 11, 2024 | 5:30 pm

Simon Property Group has released its financial guidance for FY24, projecting EPS between $7.18 and $7.28, and FFO between $12.80 and $12.90 per share, excluding certain unrealized losses.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:20 pm

Simon Property Group has announced an increase in its quarterly dividend from $2.05 to $2.10 per share, marking a 10.5% year-over-year rise. The dividend will be payable on December 30, 2024, to shareholders of record on December 9, 2024. Additionally, a dividend on its Series J Preferred Stock has been declared.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:18 pm

Simon Property Group reported Q3 2024 earnings per share of $2.84, missing the consensus estimate of $3.03. However, the company exceeded sales expectations with $1.481 billion, surpassing the $1.325 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:01 pm

The article highlights the recent insider buying activity in Real Estate Investment Trusts (REITs), particularly focusing on Simon Property Group (SPG) and Armada Hoffler Properties (AHH). Despite past bearish sentiments towards real estate, these REITs are thriving due to their high-quality properties and strategic market positions. Insiders are confident in the future growth potential, as evidenced by their stock purchases.

Portfolio Pulse from Tim Melvin

October 31, 2024 | 2:23 pm

Simon Property Group (NYSE:SPG) is set to release its quarterly earnings on November 1, 2024. Analysts expect an EPS of $3.01. The company's past performance shows a tendency for stock price increases even when EPS estimates are missed. The stock has risen 45.34% over the past year, and analysts have a Neutral rating with a price target suggesting a potential downside. SPG's financials show strong profitability but challenges in debt management.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 2:02 pm

Simon Property Group's operating partnership is set to sell $1 billion in 4.750% notes due 2034. The proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:36 pm

Simon Property Group has amended, restated, and extended its $3.5 billion revolving credit facility, which could impact its financial flexibility and liquidity.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:13 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.