Simon Property Group Inc (SPG)

NYSE
Currency in USD
174.25
-0.61(-0.35%)
Closed
After Hours
173.09-1.16(-0.67%)
SPG Scorecard
Full Analysis
Has raised its dividend for 3 consecutive years
Earnings results expected in 9 days
Fair Value
Day's Range
173.96176.45
52 wk Range
135.15186.00
Key Statistics
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Prev. Close
174.86
Open
174.34
Day's Range
173.96-176.45
52 wk Range
135.15-186
Volume
1.05M
Average Volume (3m)
1.42M
1-Year Change
22.75%
Book Value / Share
8.2
Fair Value
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Fair Value Upside
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SPG Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
186.53
Upside
+7.05%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings upwards for the upcoming period
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Simon Property Company Profile

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At September 30, 2024, we owned or had an interest in 231 properties comprising 184 million square feet in North America, Asia and Europe. We also owned an 84% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at September 30, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.

Simon Property Group Inc SWOT Analysis


Portfolio Powerhouse
Simon Property Group's diverse, high-quality retail portfolio spans North America, Europe, and Asia, positioning it as a leader in the evolving retail landscape
Financial Resilience
Explore SPG's robust financial health, including its impressive 4.67% dividend yield and 82.62% gross profit margin, despite challenges in FFO growth
Strategic Maneuvers
Delve into SPG's selective acquisition strategy and recent $1.45 billion divestment, showcasing its focus on core operations and portfolio optimization
Market Outlook
Analyst price targets range from $159 to $195, reflecting mixed views on SPG's growth potential amid retail sector transformations and economic uncertainties
Read full SWOT analysis

Simon Property Group Inc Earnings Call Summary for Q3/2024

  • Real estate FFO up 4.8% to $3.05/share; dividend increased 10.5% to $2.10/share
  • Occupancy at 96.2%; 1,200 leases signed covering 4M sq ft; $11.1B liquidity maintained
  • Full-year guidance reaffirmed at $12.80-$12.90/share; $4B development pipeline focused on mixed-use
  • Residential pipeline exceeds $1B; executives optimistic about mid-single-digit NOI growth
  • ShopSimon.com sees GMV growth; domestic NOI growth nears 5%, exceeding 3% expectation for next year
Last Updated: 02-11-2024, 12:00 am
Read Full Transcript

Compare SPG to Peers and Sector

Metrics to compare
SPG
Peers
Sector
Relationship
P/E Ratio
23.2x11.7x7.6x
PEG Ratio
2.040.040.01
Price/Book
21.3x1.0x0.9x
Price / LTM Sales
9.6x5.8x3.8x
Upside (Analyst Target)
6.2%17.3%19.7%
Fair Value Upside
Unlock−4.3%2.0%Unlock

Analyst Ratings

7 Buy
12 Hold
0 Sell
Ratings:
19 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 186.53
(+7.05% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 7.51
Dividend Yield
4.82%
Industry Median 5.07%
Annualised payout
8.4000
Paid quarterly
5-Years Growth
-0.74%
Growth Streak

Earnings

Latest Release
Nov 01, 2024
EPS / Forecast
1.46 / 1.47
Revenue / Forecast
1.48B / 1.32B
EPS Revisions
Last 90 days

FAQ

What Is the Simon Property (SPG) Stock Price Today?

The Simon Property stock price today is 174.25.

What Stock Exchange Does Simon Property Trade On?

Simon Property is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Simon Property?

The stock symbol for Simon Property is "SPG."

Does Simon Property Pay Dividends? What’s The Current Dividend Yield?

The Simon Property dividend yield is 4.82%.

What Is the Simon Property Market Cap?

As of today, Simon Property market cap is 56.85B.

What is Simon Property Earnings Per Share?

The Simon Property EPS is 7.51.

What Is the Next Simon Property Earnings Date?

Simon Property will release its next earnings report on 03 Feb 2025.

From a Technical Analysis Perspective, Is SPG a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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