INDIANAPOLIS, Feb. 29, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at Citi's 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 9:35 a.m. Eastern Time. A live audio webcast of the presentation will be accessible from the Investors section of the Company's website at investors.simon.com. An online replay will be available following the pre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No:.001-14469 (Simon Property Group, Inc.) Commission File No:001-36110 (Simon Property Group, L.P.) SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of r ...

INDIANAPOLIS, Feb. 14, 2024 /PRNewswire/ -- Simon® today announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world's leading environmental disclosure platform. Simon has disclosed through CDP since 2016, and in 2023 completed CDP's Climate Change questionnaire. With a record 23,000+ companies disclosing through CDP in 2023, disclosing data on environmental impact is now a business norm. "Tackling c ...

d3sign/Moment via Getty Images Summary In our initial report on Simon (NYSE:SPG), we gave it a Hold. Following a generally positive Q4 earnings report, we raised our price target and upgraded it to a bullish Hold. While Simon is now trading at a moderate discount to our NAV estimate, we require a more substantial margin of safety before moving to a Buy. We also reevaluate the Series J preferred stock, and maintain our Sell rating given the ~3.4% YTC, which is lower than the entire US treasury yield curv ...

felixmizioznikov/iStock Editorial via Getty Images Simon Property Group (NYSE:SPG) reported its Q4 results, with a beat to consensus revenue and funds from operations. Shares rallied by more than 4% on the news which included a dividend increase announcement. The shopping mall real estate specialist caps off a record year where it benefited from resilient economic conditions and the strength of the U.S. consumer. For any talk over the past decade that brick-and-mortar retail might be dying, the latest trend ...

Simon Property Group, Inc.’s (SPG) fourth-quarter 2023 funds from operations (FFO) per share of $3.69 surpassed the Zacks Consensus Estimate of $3.34. Revenues of $1.53 billion outpaced the Zacks Consensus Estimate of $1.46 billion.Its FFO per share reported an 8.5% increase year over year. Revenues rose 9.1% year over year.For the full-year 2023, the FFO per share came in at $12.51, higher than the prior-year tally of $11.95, beating the Zacks Consensus Estimate of $12.16. This was backed by 6.9% growth in ...

Simon Property Group, Inc.'s (SPG) fourth-quarter 2023 funds from operations (FFO) per share of $3.69 surpassed the Zacks Consensus Estimate of $3.34. Also, the figure increased 8.5% year over year.Results reflect better-than-anticipated revenues on lower property operating expenses and a rise in the base rent per square foot and occupancy levels. However, higher interest expenses partly offset the upsides. This retail behemoth’s 2024 FFO per share outlook was lower than expected.Simon Property generated re ...

Simon Property Group, Inc. (NYSE:SPG) Q4 2023 Earnings Conference Call February 5, 2024 5:00 PM ET Company Participants Tom Ward - SVP, IR David Simon - Chairman, CEO and President Brian McDade - CFO Conference Call Participants Steve Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs Jeff Spector - Bank of America Alexander Goldfarb - Piper Sandler Michael Goldsmith - UBS Craig Mailman - Citigroup Vince Tibone - Green Street Ron Kamdem - Morgan Stanley Greg McGinniss - Scotiabank Hong Zhang - JPMorgan Ki ...

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 ...