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 ...

Redefining luxury shopping at Woodbury Common, the first enhancement to be unveiled will be a stunning new VIP Suite, a haven designed exclusively for our discerning clientele. Across the globe, world-class shopping destinations and luxury retailers recognize the pivotal role VIP suites have in enhancing the luxury shopping experience. Woodbury Common's elegant enclave will feature multiple private spaces with their own dressing rooms, an upscale lounge area with plush furnishings and curated art, and a pri ...

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 ...

Simon Property (SPG) closed at $150.36 in the latest trading session, marking a +0.14% move from the prior day. This change outpaced the S&P 500's 0.04% loss on the day. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq increased by 0.03%.Shares of the shopping mall real estate investment trust have depreciated by 0.54% over the course of the past month, underperforming the Finance sector's gain of 2.49% and the S&P 500's gain of 2.57%.Investors will be eagerly watchin ...

In an improving leasing environment in the retail real estate industry, Simon Property Group’s (SPG) portfolio of premium assets in the United States and abroad, the adoption of omnichannel retailing and balance sheet strength position it well for growth. This retail REIT behemoth enjoys wide exposure to retail assets across the United States. Additionally, its presence in international markets is likely to encourage sustainable long-term growth compared with its domestically focused peers.Simon Property’s ...

Qin PinLi/iStock via Getty Images Dear readers/followers, Last time around when I wrote about Simon Property Group (NYSE:SPG) stock, I considered the company a "BUY". I've also invested in the company and hold a stake for over a year now, with a very good annualized RoR. Now, however, the company has reached a bit of a "level" where we will want to see if there's further upside to be had. And as you can tell from the title here, I consider that not to be the case, necessarily. In this article, we'll loo ...