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

177.67

Mkt cap

59B

Volume

High

179.81

P/E Ratio

23.91

52-wk high

186.00

Low

176.22

Div yield

0.05

52-wk low

135.15

Simon Property Group (SPG) is recommended to be retained in portfolios due to its premium retail assets, focus on omnichannel retailing, and strategic acquisitions, which are expected to support the company despite the rise in e-commerce.

Portfolio Pulse from

December 24, 2024 | 6:15 pm

Simon Property Group, Inc., a major American REIT, has shown resilience with a market cap of nearly $60 billion and a yield of almost 5%. Despite COVID-19 setbacks, its share price has rebounded, highlighting its strong return potential.

Portfolio Pulse from

December 03, 2024 | 11:45 pm

Simon Property Group (SPG) experienced a 6.4% increase in traffic over the Black Friday weekend, with mall traffic up by 7.1%. This indicates strong holiday momentum for the retail REIT.

Portfolio Pulse from

December 03, 2024 | 2:00 pm

Simon Property Group reported a 6.4% increase in portfolio traffic during the Black Friday weekend, with a 7.1% gain at its malls nationwide, indicating a strong start to the holiday shopping season.

Portfolio Pulse from

December 02, 2024 | 5:45 pm

Simon, a real estate investment trust, is promoting its shopping centers as the ultimate holiday destination with deals, family activities, and festive experiences. With over 2 billion annual visits, Simon aims to attract shoppers nationwide.

Portfolio Pulse from

November 29, 2024 | 1:15 pm

Simon Property Group (SPG) is expected to benefit from its premium asset portfolio, focus on omnichannel retailing, and strategic acquisitions. However, the increasing adoption of e-commerce poses a challenge.

Portfolio Pulse from

November 27, 2024 | 4:00 pm

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

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.