Simon Property(SPG)

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Seeking Clues to Simon Property (SPG) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-01-31 15:20
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 ...
Why Simon Property (SPG) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-01-27 00:01
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) Stock Slides as Market Rises: Facts to Know Before You Trade
Zacks Investment Research· 2024-01-25 00:16
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 ...
Simon Property: Buy For The Strong Value Proposition
Seeking Alpha· 2024-01-24 13:10
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 ...
Simon Property: Leading Retail Landlord Still Cheap Despite Remarkable Recovery
Seeking Alpha· 2024-01-23 18:30
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 ...
Simon Property: The Upside Is Still Attractive, So It's A Buy
Seeking Alpha· 2024-01-23 14:00
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 ...
Simon Property Group Announces Reporting Information For 2023 Distributions
Prnewswire· 2024-01-16 16:30
(1) Pursuant to Treas. Reg. §1.1061-6(c), the Company reports that for purposes of Section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of "applicable partnership interests." ...
Simon® Announces Date For Its Fourth Quarter 2023 Earnings Release And Conference Call
Prnewswire· 2024-01-10 21:10
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 ...
Simon Property Group Announces Appointment of Nina P. Jones to Board of Directors
Prnewswire· 2024-01-09 21:36
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. (SPG) Goldman Sachs 2023 US Financial Services Conference (Transcript)
2023-12-05 23:45
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 ...