Simon Property Group, Inc. (NYSE:SPG) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Tom Ward - Senior Vice President, Investor Relations David Simon - Chairman, Chief Executive Officer and President Brian McDade - Executive Vice President and Chief Financial Officer Conference Call Participants Caitlin Burrows - Goldman Sachs Lizzy Doykan - Bank of America Samir Khanal - Evercore ISI Ronald Kamdem - Morgan Stanley Michael Goldsmith - UBS Alexander Goldfarb - Piper Sandler Nich ...

For the quarter ended March 2024, Simon Property (SPG) reported revenue of $1.44 billion, up 6.8% over the same period last year. EPS came in at $3.56, compared to $1.38 in the year-ago quarter.The reported revenue represents a surprise of +2.47% over the Zacks Consensus Estimate of $1.41 billion. With the consensus EPS estimate being $2.80, the EPS surprise was +27.14%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.56 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to FFO of $2.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 27.14%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3.34 per share when it actually produced FFO of $3.69, delivering a surprise of 10.48%.Over the ...

TABLE OF CONTENTS EARNINGS RELEASE & SIMON PROPERTY GROUP SUPPLEMENTAL INFORM ATION UNAUDITED FIRST QUARTER TABLE OF CONTENTS TABLE OF CONTENTS EARNINGS RELEASE AND SUPPLEMENTAL INFORMATION FOR THE QUARTER ENDED MARCH 31, 2024 PAGE Earnings Release (1) 2-11 Overview 12 The Company 12 ...

SPG stock settled lower in May lower in most of the past 10 yearsReal estate investment trust (REIT) Simon Property Group Inc (NYSE:SPG) has fallen since its March 21 two-year high of $157.82, last seen trading at $142.03. Support at the $140 level has mostly kept the stock afloat in 2024, but we'll see how it fares during a historically bearish month. Simon Property Group stock is second on Schaeffer's Senior Quantitative Analyst Rocky White's list of 25 worst S&P 500 Index (SPX) stocks in May in the last ...

In its upcoming report, Simon Property (SPG) is predicted by Wall Street analysts to post quarterly earnings of $2.80 per share, reflecting an increase of 2.2% compared to the same period last year. Revenues are forecasted to be $1.41 billion, representing a year-over-year increase of 4.2%.Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their init ...

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RichVintage Thesis I wrote a few bullish articles on Simon Property Group (NYSE:SPG) in the second half of 2023 when the stock was trading around an average price of ~$115 (see the chart below). The key arguments for my bullish thesis back then were twofold: A) I expect the performance metrics of SPG to rebound nicely from the aftermath of the COVID pandemic, and B) the valuation discounts were too large to ignore at that time. Seeking Alpha Against this background, the goal of this article is to downgrade ...

ampueroleonardo/iStock Unreleased via Getty Images I've been buying Simon Property Group (NYSE:SPG) over the last few months. The shopping mall and outlet center REIT last declared a quarterly cash dividend of $1.950 per share, a 2.6% sequential hike, and $7.8 per share annualized for a 5.4% yield. SPG has raised its dividend by a 3-year compound annual growth rate of 8.2%, but the distribution still sits roughly 7% below its pre-pandemic peak. The REIT generated a fiscal 2023 fourth-quarter FFO of $3.6 ...

Simon Property (SPG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this shopping mall real estate investment trust have returned -0.3%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks REIT and Equity Trust - Retail industry, which Simon Property falls in, has lost 6%. The key question now is: What could be the stock ...