Simon Property Group is leveraging technology to maintain shoppers’ visits to on-site stores in the face of growing competition from eCommerce players.The largest mall owner and developer in the U.S. has driven revenue increases, reporting Monday (Feb. 5) that, in the final quarter of 2023, it saw a 9% year-over-year uptick, with revenue for the full year up 7%.David Simon, the company’s chairman of the board, CEO and president, noted on a call with analysts that the firm is leveraging consumer-facing techn ...

For the quarter ended December 2023, Simon Property (SPG) reported revenue of $1.53 billion, up 9.1% over the same period last year. EPS came in at $3.69, compared to $2.06 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.46 billion, representing a surprise of +4.90%. The company delivered an EPS surprise of +10.48%, with the consensus EPS estimate being $3.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.69 per share, beating the Zacks Consensus Estimate of $3.34 per share. This compares to FFO of $3.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 10.48%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $2.98 per share when it actually produced FFO of $3.20, delivering a surprise of 7.38%.Over the l ...

Simon Property Group (SPG) is slated to report fourth-quarter and full-year 2023 results on Feb 5 after market close. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Indianapolis, IN-based retail real estate investment trust (REIT) delivered a surprise of 7.38% in terms of FFO per share. Results reflected better-than-anticipated revenues on healthy leasing activity and a rise in the base rent ...

Analysts on Wall Street project that Simon Property (SPG) will announce quarterly earnings of $3.34 per share in its forthcoming report, representing an increase of 6% year over year. Revenues are projected to reach $1.46 billion, increasing 4% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates d ...

The latest trading session saw Simon Property (SPG) ending at $141.96, denoting a -0.61% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.36%.Prior to today's trading, shares of the shopping mall real estate investment trust had lost 1.01% over the past month. This has was narrower than the Finance sector's loss of 1.77% and lagged th ...

Simon Property (SPG) ended the recent trading session at $141.49, demonstrating a -0.78% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq added 0.36%.Coming into today, shares of the shopping mall real estate investment trust had lost 0.74% in the past month. In that same time, the Finance sector lost 2.71%, while the S&P 500 gained 2.4%.Analysts and investors alike will be keeping a close eye on the ...

JuSun It's been a while since I last visited Simon Property Group (NYSE:SPG) here with a 'Strong Buy' rating back in May of last year, and I'm glad I stuck with my buy and hold thesis on the stock over this time. While the dramatic rise in the S&P 500 (SPY), driven by the growth in a number of mega-cap tech stocks like Apple (AAPL) and Meta Platforms (META), has caught attention-grabbing headlines, stocks like SPG that were dramatically undervalued have had solid-performing runs of their own. This is reflec ...

Bo Shen/iStock Editorial via Getty Images Investors in leading high-quality retail landlord Simon Property Group, Inc. (NYSE:SPG) have experienced a dramatic revival in their fortunes over the past three months. I urged SPG investors to capitalize on its steep pullback in September 2023, although SPG bottomed out decisively only in early October 2023. Accordingly, dip buyers loaded up and sent SPG surging over the past three months, registering a 1Y total return of almost 25%. Relative to SPG's 5Y and 1 ...

PM Images Simon Property Group (NYSE:SPG) is back to pre-pandemic levels, and despite appreciating by 35.47% ($37.08) since October 27th, I still think there is an opportunity here. While shares of SPG aren't as heavily discounted as they were in the middle of 2023, there could still be value to be extracted as SPG trades at 12.12x its funds from operations (FFO) per share and pays a 5.37% dividend yield. I believe that REITs could be a big beneficiary in 2024 due to a rate easing cycle as the worry abo ...