INDIANAPOLIS, Jan. 10, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its fourth quarter earnings release and conference call. Simon's financial and operational results for the quarter ending December 31, 2023, will be released after the market close on February 5, 2024.  The Company will host its quarterly earnings conference call and an audio webcast on February 5 from 5 ...

INDIANAPOLIS, Jan. 9, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that Nina P. Jones has been appointed to its Board of Directors, effective January 8, 2024. Ms. Jones retired from T. Rowe Price where she most recently served as Vice President, Portfolio Manager, of the U.S. Real Estate Equity Strategy. Ms. Jones also served as global team leader for real estate at T. Rowe Price in ...

Simon Property Group, Inc. (NYSE:SPG) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 3:40 PM ET Company Participants Brian McDade - Chief Financial Officer Conference Call Participants Caitlin Burrows - Goldman Sachs Caitlin Burrows Thank you, Brian, for joining us, and everyone else. I'm Caitlin Burrows and I cover REITs at Goldman Sachs. As I believe the audience knows, Simon is a REIT engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations acr ...

J UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Gr oup, Inc.) (Simon Propert ...

Simon Property Group, Inc. (NYSE:SPG) Q3 2023 Earnings Call Transcript October 30, 2023 5:00 PM ET Company Participants Tom Ward - SVP, IR David Simon - Chairman, CEO and President Brian McDade - CFO Conference Call Participants Ron Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Samir Khanal - Evercore ISI Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Goldsmith - UBS Floris van Dijkum - Compass Point Vince Tibone - Green Street Greg McGinniss - Scotiabank Mike Mueller - ...

Summary of Simon Property Group, Inc. Conference Call Company Overview - **Company**: Simon Property Group, Inc. (NYSE:SPG) - **Event**: Bank of America 2023 Global Real Estate Conference Call - **Date**: September 12, 2023 Key Points Company Performance and Strategy - Simon Property Group continues to prosper and grow, operating across three platforms: malls, outlets, and Mills [5][6] - The company sees opportunities to drive occupancy and reinvest in real estate, emphasizing the importance of physical stores alongside e-commerce [5][6] - The company has a strong financial footing and is optimistic about the remainder of 2023 and 2024 [6] Market Dynamics - There is a supply/demand imbalance favoring landlords in the U.S. retail real estate market, with regional malls, outlets, and power centers being undersupplied [9] - The competitive dynamic for Simon is stronger than for others in the sector, allowing for reinvestment in assets and partnerships with retailers [9] Retail Environment - There is significant demand from retailers for physical real estate, with approximately 30% of Simon's activity in the last year being new deals rather than renewals [11][12] - Retailers are expanding and optimizing their footprints, recognizing the importance of physical stores in conjunction with digital strategies [12][13] - Retailer balance sheets are in good shape, with many having improved their financial positions post-COVID [13] Luxury Retail Trends - Luxury retail is undergoing a transformation, with brands moving away from department stores to full-price stores, which is driving demand for space [19][20] - Simon is benefiting from this trend as luxury retailers seek both full-price and outlet spaces [20][21] Financial Outlook - Simon expects a potential slowdown in consumer spending in 2024 but anticipates continued strong demand from retailers for prime locations [17] - The company has approximately $2.5 billion of unsecured debt maturing in 2024, with plans to pre-fund and refinance as necessary [32][33] Redevelopment and Investment - Simon's redevelopment pipeline is expected to exceed $1 billion, focusing on recapturing anchor stores and adding density through mixed-use developments [41][42] - The company is actively building new outlets and expanding existing ones, with significant projects planned in the U.S. and abroad [43][44] Returns and Risk Management - Expected returns on redevelopment projects generally range from 7% to 9% unlevered, with a disciplined approach to project initiation and financing [46][47] - The company utilizes free cash flow for investments, providing a competitive advantage in managing development costs [46] Stock Buyback Program - Simon has a $2 billion stock buyback authorization and plans to utilize it as opportunities arise from monetizations or free cash flow generation [40] Market Transactions - The acquisitions market for A-class malls is characterized by unique transactions, often leading to redevelopment rather than maintaining current operations [59][60] Future Expectations - The company does not expect the Federal Reserve to stop hiking rates but anticipates rate cuts by the end of 2024 [61] - Real estate transactions are expected to pick up in the second half of 2024 [62] - Simon is currently using AI in various business aspects and plans to increase investment in AI initiatives [62] Additional Insights - The company is strategically positioned to leverage the intersection of physical and digital retail, which is expected to drive growth in the coming years [12][14] - The transformation of luxury retail and the focus on full-price stores indicate a shift in consumer behavior that Simon is well-prepared to capitalize on [19][20]

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 Stree ...

J UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Gr oup, Inc.) (Simon Property Gro ...

J UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Gr oup, Inc.) (Simon Property Gr ...

Simon Property Group, Inc. (NYSE:SPG) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Tom Ward - Senior Vice President of Investor Relations David Simon - Chairman, Chief Executive Officer and President Brian McDade - Chief Financial Officer Conference Call Participants Caitlin Burrows - Goldman Sachs Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Alexander Goldfarb - Piper Sandler Vince Tibone - Green Street Nick Joseph - Citi Greg McGinnis - Scotiabank Derek Johnsto ...