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.
infoSimon Property Group is a large cap stock with a total market cap of 41.80B.
infoThey trade on the NYSE and had their IPO 29 years and 8 months ago.
infoSimon Property Group currently employs 2500 people.
infoAs of Wednesday, Aug 23 2023, Simon Property Group’s share price is $111.64.
News Relating to Simon Property Group
Seeking Alpha
Simon Property Group: The Comeback Dividend
Friday Aug 11 2023 at 10:59
The Simon Property Group, Inc. dividend is still recovering from the 2020 cut. But the dividend is not yet back to 2019 levels. Simon Property Group has a high debt rating and its diversification and superior locations have helped it bounce back better than competitors. The dividend yield is high and the payout ratio is historically low. This is a great bargain combination for investors. Dividend increases are expected to continue.
Seeking Alpha
Simon Property Group Continues To Have Strong Opportunity
Monday Aug 07 2023 at 15:06
Simon Property Group, Inc. is one of the largest REITs in the U.S., with a market capitalization of nearly $40 billion. The company has generated strong financial results, with revenue of $1.37 billion in the most recent quarter and net income of $560 million. Simon Property Group’s portfolio includes premium properties that have performed well despite the downturn in malls, and the company continues to invest in its business for future growth.
Seeking Alpha
5 REITs That Will Likely Hike Their Dividends
Monday Aug 07 2023 at 08:05
REITs are historically cheap due to high interest rates. But the high inflation is leading to rapid rent growth. Here are 5 undervalued REITs that are likely to hike their dividend.
The Motley Fool
Despite Commercial Real Estate Worries, Simon Property’s Business Remains Strong
Monday Aug 07 2023 at 05:15
The economy remains strong overall, which supports Simon Property Group. Earnings missed Wall Street estimates, but that just made the valuation more attractive.
Stockmarketcom
3 REIT Stocks For Your August 2023 Watchlist
Sunday Aug 06 2023 at 11:21
3 REIT stocks to watch this month.
Zacks Investment Research
Simon Property (SPG) Lags Q2 FFO, Ups Dividend & ’23 Outlook
Thursday Aug 03 2023 at 12:00
While Simon Property’s (SPG) Q2 results reflect better-than-anticipated revenues, higher operating expenses and interest expenses act as dampeners.
Zacks Investment Research
Simon Property (SPG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Wednesday Aug 02 2023 at 22:28
While the top- and bottom-line numbers for Simon Property (SPG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Seeking Alpha
Simon Property Group, Inc. (SPG) Q2 2023 Earnings Call Transcript
Wednesday Aug 02 2023 at 19:58
Simon Property Group, Inc. (NYSE:SPG ) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET Company Participants Tom Ward – Senior Vice President of Investor Relations David Simon – Chairman, President and Chief Executive Officer Brian McDade – Executive Vice President and Chief Financial Officer Adam Reuille – Chief Accounting Officer Conference Call Participants Stephen Sakwa – Evercore ISI Caitlin Burrows – Goldman Sachs Group, Inc. Alexander Goldfarb – Piper Sandler & Co. Vince Tibone – Green Street Advisors Ronald Kamdem – Morgan Stanley & Co. Floris Van Dijkum – Compass Point Research & Trading Jeffrey Spector – Bank of America Merrill Lynch Michael Mueller – JPMorgan Chase & Co. Michael Goldsmith – UBS Juan Sanabria – BMO Capital Markets Greg McGinniss – Scotiabank Haendel St. Juste – Mizuho Securities Linda Tsai – Jefferies & Co. Craig Mailman – Citigroup Inc. Operator Greetings, and welcome to the Simon Property Group’s Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
InvestorPlace
Sell Alert: 3 Real Estate Stocks to Dump ASAP
Wednesday Aug 02 2023 at 17:54
Real estate stocks are forming the perfect storm. First, the pandemic greatly reduced society’s desire to use various kinds of commercial real estate.
Seeking Alpha
One REIT To Sell And One REIT To Buy
Tuesday Aug 01 2023 at 08:05
Most REITs are today priced at historically low valuations. But that does not mean that all REITs are worth buying. I highlight one REIT that I would sell and a superior alternative.
Zacks Investment Research
Is a Beat in Store for Simon Property (SPG) in Q2 Earnings?
Monday Jul 31 2023 at 13:23
The healthy demand for Simon Property’s (SPG) properties, efforts to support omnichannel retailing, a focus on mixed-use assets and solid balance-sheet strength are likely to have aided its Q2 earnings.
Zacks Investment Research
4 REITS Likely to Turn Out Winners This Earnings Season
Wednesday Jul 26 2023 at 12:25
With the REIT industry offering a real estate structure for several economic activities ??? real or virtual?
InvestorPlace
3 S&P 500 Stocks With a Yield Worth Betting On
Wednesday Jul 26 2023 at 04:54
According to Finviz.com, if you’re looking for high yield S&P 500 stocks, energy companies such as Pioneer Natural Resources (NYSE: PXD ) at 10.75% and Devon Energy (NYSE: DVN ) at 8.63% are the best of the best. Energy stocks have lost their momentum in 2023 — the worst-performing S&P 500 sector year-to-date, down 4.1% through July 21 — so it’s unsurprising that energy stocks have some of the highest yields right now.
PRNewsWire
Simon® Announces Time Change For Its Second Quarter 2023 Earnings Conference Call
Thursday Jul 20 2023 at 16:17
INDIANAPOLIS , July 20, 2023 /PRNewswire/ — Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revised details for its second quarter earnings conference call. Simon’s financial and operational results for the quarter ending June 30, 2023, will be released after the market close on August 2, 2023.
Seeking Alpha
Simon Property Group, Yielding 6%, Looks Undervalued Still
Monday Jul 17 2023 at 09:00
Simon Property Group, Inc.’s total return has been 14.13% since last year, with a 7.09% appreciation compared to 5.86% for the S&P 500. Despite the growth of e-commerce, physical retail remains dominant, with Simon Property Group’s business model not imploding as feared and its mall locations still profitable and integral to society. Simon Property Group trades at a lower valuation than its peers, with a 10.11x price-to-FFO ratio compared to the peer.
Seeking Alpha
Simon Property Group: The Overstated Fear Of Malls
Friday Jul 14 2023 at 14:16
Simon Property Group has performed badly in the past few years amid multiple headwinds, but its outlook may not be as bleak. The pessimism around malls seems exaggerated as the retail sales of department stores have been doing well since the pandemic. The company’s latest earnings were solid, as both the occupancy rate and base minimum rent edged up.
Seeking Alpha
Simon Property Group: Premium Retail Not Safe As The ‘Richcession’ Spreads
Friday Jul 14 2023 at 14:09
The U.S. commercial property market is experiencing a decline in valuations due to a record increase in interest rates, with the commercial property price index down over 16% from 2021. Retail REITs are seeing a significant performance bifurcation, with companies like Simon Property Group outperforming most REITs with a 27% rise over the past year. The retail sector is facing challenges due to a slowdown in real retail sales, rising operating costs, and changing consumer habits, which could lead to a further decline in property valuations.
Seeking Alpha
Simon Property Group: A Fine REIT, But Better Alternatives Exist
Friday Jul 14 2023 at 12:31
Simon Property Group, Inc. reported $4.4 billion in FFO for 2022, a 5% increase compared to pre-pandemic levels in 2019, showing its resilience during crisis periods. Despite a slight potential undervaluation, I suggest considering alternatives to Simon Property Group, such as Unibail-Rodamco-Westfield SE or W. P. Carey Inc. These two alternative ideas may offer higher total returns while suiting different types of investors who are, however, considering maintaining their exposure within the REIT space.
Seeking Alpha
Simon Property Stock: Still Undervalued, Not Appreciated
Friday Jul 14 2023 at 11:30
I was too cautious on Simon Property Group stock previously. The company’s robust business model has proved me wrong, as astute buyers bought aggressively late last year. SPG’s premium retail properties and unique experiences are expected to provide a strong advantage. A more positive macro outlook should also improve buying sentiments. SPG remains relatively undervalued when compared to its long-term averages. The market remains focused on high interest rates in the near term, opening up fantastic opportunities for long-term buyers.
Seeking Alpha
Mom’s All-Weather REIT Portfolio (Part 1)
Tuesday Jul 11 2023 at 07:00
This article was targeted for my mother who is looking to put some dry powder to work so she can take advantage of the opportunities in the REIT sector. The article is the first in a two-part series such that my Mom can use this blueprint for her new REIT portfolio. The objective is to construct a diversified portfolio of 20 REITs that consists of some of the highest-quality REITs that are trading at a wide margin of safety.
The Motley Fool
Here’s How Simon Property Group Can Afford Its 6.5% Dividend Yield
Friday Jul 07 2023 at 17:21
Simon has limited near-term debt maturities. The company’s dividend is well covered.
Stockmarketcom
Best Stocks To Buy Right Now? 3 REIT Stocks To Watch
Wednesday Jul 05 2023 at 10:36
REIT stocks to watch in the stock market now.
Seeking Alpha
Sell Alert: 2 REITs Getting Risky
Monday Jul 03 2023 at 08:05
Sell Alert: 2 REITs Getting Risky
24/7 Wall Street
The 7 Highest-Yielding S&P 500 Stocks Could Be Huge ‘Strong Buy’ Winners for the Second Half of 2023
Wednesday Jun 28 2023 at 07:11
Investors love dividend stocks. They not only provide dependable income, but they also give investors a great opportunity for solid total return.
Seeking Alpha
Simon Property Group: Rethinking My Valuation Of The Stock (Rating Downgrade)
Monday Jun 26 2023 at 08:00
Using my own experience with Simon Property Group’s valuation as an example, I discuss the challenges of human thinking and its impact on financial analysis. I highlight the importance of considering changing discount rates and growth rates in valuation, and how these factors can significantly impact the perceived value of a stock. My previous valuation of Simon Property Group stands revised, now estimating a price range of $140 to $170, which still offers a solid upside potential for investors.
The Motley Fool
Is Simon Property Group Stock a Buy?
Sunday Jun 25 2023 at 05:21
Simon Property Group is a fundamentally sound business. The company’s market-crushing dividend looks safe.
Zacks Investment Research
Is It Wise to Retain Simon Property (SPG) Stock Right Now?
Monday Jun 19 2023 at 11:43
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.
Seeking Alpha
Ranking 10 REITs From Highest Quality To Lowest Quality
Friday Jun 16 2023 at 09:38
Ranking 10 REITs solely based on quality and long-term viability. Many of these REITs are leaders within their particular sector, but not all are intriguing in terms of valuations. Only 1 REIT on the list is rated as a “PREFER NOT TO OWN” stock.
GuruFocus
2 Quality Stocks Politicians Have Been Buying
Thursday Jun 15 2023 at 17:26
Politicians are at the forefront of new regulation approval, policy changes and have a general feel for the headwinds facing certain industries. Therefore, they are deemed to be people of influence.
The Motley Fool
Could This Be One of the Cheapest Stocks in the Market? Its Leaders Think So
Thursday Jun 15 2023 at 06:11
This real estate company’s leadership just made the case that it’s extremely cheap right now.
Simon Property Group Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Simon Property Group’s Altman Z-score is 0.96 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Simon Property Group Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 10 insiders have bought $306.20K of common stock in Simon Property Group on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Simon Property Group’s Income Quality of 1.77 is greater than its Industry Group of 1.05 (68.6% greater)
Simon Property Group’s Income Quality of 1.77 is greater than its Major Industry Group of -0.07 (2628.6% greater)
Simon Property Group’s Income Quality of 1.77 is greater than its Sector of 0.58 (205.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Simon Property Group’s Current Ratio of 0.48 is lower than its Industry Group of 1.33 (-63.9% lower)
Simon Property Group’s Current Ratio of 0.48 is greater than its Major Industry Group of 0.32 (50.0% greater)
Simon Property Group’s Current Ratio of 0.48 is lower than its Sector of 1.3 (-63.1% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Simon Property Group’s PE Ratio of 19.4 is greater than its Industry Group of 8.36 (132.1% greater)
Simon Property Group’s PE Ratio of 19.4 is greater than its Major Industry Group of 7.7 (151.9% greater)
Simon Property Group’s PE Ratio of 19.4 is greater than its Sector of 7.86 (146.8% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Simon Property Group’s PB Ratio of 11.85 is greater than its Industry Group of 0.87 (1262.1% greater)
Simon Property Group’s PB Ratio of 11.85 is greater than its Major Industry Group of 0.74 (1501.4% greater)
Simon Property Group’s PB Ratio of 11.85 is greater than its Sector of 0.72 (1545.8% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Simon Property Group’s ROE of 0.61 is greater than its Industry Group of 0.01 (6000.0% greater)
Simon Property Group’s ROE of 0.61 is greater than its Major Industry Group of 0.04 (1425.0% greater)
Simon Property Group’s ROE of 0.61 is greater than its Sector of 0.04 (1425.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Simon Property Group’s ROCE of 0.09 is greater than its Industry Group of 0.03 (200.0% greater)
Simon Property Group’s ROCE of 0.09 is greater than its Major Industry Group of -0.01 (1000.0% greater)
Simon Property Group’s ROCE of 0.09 is greater than its Sector of 0.02 (350.0% greater)
Derived from SEC.GOV filing dataopen_in_new