Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.68 per share, beating the Zacks Consensus Estimate of $3.40 per share. This compares to FFO of $3.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 8.24%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3 per share when it actually produced FFO of $2.84, delivering a surprise of -5.33%.Over the last ...

4Q 2024 SUPPLEMENTAL SIMON PROPERTY GROUP EARNINGS RELEASE & SUPPLEMENTAL INFORMATION UNAUDITED FOURTH QUARTER TABLE OF CONTENTS | GS | AS | SU | FO | IO | EA | RN | IN | RE | LE | E | AN | D | PP | LE | ME | NT | AL | IN | RM | AT | N | FO | QU | CE | 20 | 24 | GE | R | TH | E | AR | TE | R | EN | DE | D | DE | MB | ER | 31 | PA | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

TABLE OF CONTENTS SIMON PROPERTY GROUP EARNINGS RELEASE & SUPPLEMENTAL INFORMATION UNAUDITED FOURTH QUARTER TABLE OF CONTENTS TABLE OF CONTENTS | EARNINGS RELEASE AND SUPPLEMENTAL INFORMATION | | | --- | --- | | FOR THE QUARTER ENDED DECEMBER 31, 2024 | PAGE | | (1) Earnings Release | 2−11 | | Overview | 12 | | The Company | 12 | | Stock Information, Credit Ratings and Senior Unsecured Debt Covenants | 13 | | Financial Data | | | Selected Financial and Equity Information | 14 | | Net Operating Income (NOI) ...

INDIANAPOLIS, Feb. 4, 2025 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter and twelve months ended December 31, 2024."I am extremely pleased with our fourth quarter results, concluding another successful and productive year for our Company," said David Simon, Chairman, Chief Executive Officer and President. "In 2024, we generated record Funds From Operations of nearly ...

New York, New York, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Hologram Media Network (HMN) has launched the world's first always-on holographic advertising network, built in collaboration with Proto Hologram. Featuring next-generation Proto Luma devices, the network spans Simon® malls across the nation, offering a revolutionary platform that merges the digital and physical worlds in dynamic, interactive ways.  The network – which has already deployed across 30 premier Simon locations – including Los Angeles' Del Am ...

New York, New York, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Hologram Media Network (HMN) has launched the world’s first always-on holographic advertising network, built in collaboration with Proto Hologram. Featuring next-generation Proto Luma devices, the network spans Simon® malls across the nation, offering a revolutionary platform that merges the digital and physical worlds in dynamic, interactive ways.  The network – which has already deployed across 30 premier Simon locations – including Los Angeles’ Del Am ...

Core Insights - Analysts project Simon Property (SPG) will report quarterly earnings of $3.40 per share, reflecting a year-over-year decline of 7.9% [1] - Revenue is expected to reach $1.55 billion, indicating a 1.3% increase from the same quarter last year [1] Earnings Projections - The consensus EPS estimate has been adjusted upward by 0.1% over the past 30 days, showing analysts' reassessment of their initial projections [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies linking earnings estimate trends to short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Revenue- Management fees and other revenues' at $33.96 million, a 1.4% increase year-over-year [5] - 'Revenue- Lease income' is projected to reach $1.40 billion, reflecting a 2.8% year-over-year increase [5] - 'Revenue- Other income' is expected to be $122.46 million, indicating a decline of 6.9% year-over-year [5] Operational Metrics - The estimated occupancy rate for 'U.S. Malls and Premium Outlets - Total Portfolio' is 96.2%, up from 95.7% a year ago [6] - 'Depreciation and amortization' is projected at $321.27 million, slightly higher than the previous year's $320.26 million [6] Market Performance - Simon Property shares have returned -1.3% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7]

Simon Property Group (SPG) recently announced that it has taken over 100% of The Mall Luxury Outlets entities from Kering. Established in 2001, The Mall operates two luxury outlets: one in Leccio, near Florence, Italy, and the other in Sanremo on the Italian Riviera.The move will boost Simon’s portfolio, enhance the vibrant collective offerings, attract more shoppers and contribute to long-term growth. Kering received net proceeds of €350 million from the above disposition, which will aid in consolidating i ...

Group 1 - Simon Property Group (SPG) plans to develop a luxury shopping and lifestyle destination in Nashville, TN, with construction starting in 2026, covering 325,000 square feet and featuring 75 retailers, restaurants, and a hotel [1][4] - The development is in collaboration with Adventurous Journeys Capital Partners and is strategically located at the intersection of Interstate 65 and Interstate 840, expected to attract shoppers and tourists [2] - SPG has previously tapped into the Nashville market with Opry Mills and The Mall at Green Hills, enhancing its presence in this growing market [3][4] Group 2 - SPG is restructuring its portfolio to focus on premium acquisitions and transformative redevelopments, supporting omnichannel retailing and mixed-use assets, which is expected to drive demand for its properties [5] - Over the past six months, SPG shares have increased by 13.2%, outperforming the industry growth of 4.9% [6]

Core Insights - Simon® has launched a nationwide music experience tour called Scouting for Stars® @themall™ in collaboration with Greater Than Distribution, aimed at providing Gen Z access to the music industry and emerging artists [1][4] - The tour will feature performances from over 150 rising artists and will include workshops, talent searches, and educational sessions for aspiring musicians [2][3] Company Overview - Simon® is a real estate investment trust that owns premier shopping, dining, entertainment, and mixed-use destinations, and is part of the S&P 100 [8] - Greater Than Distribution is a modern music distribution and entertainment company founded by Paula Moore and Randy Jackson, focusing on connecting creatives with their audiences [9] Event Details - The Scouting for Stars @themall tour will take place at 20 Simon locations from February to August 2025, with each stop being a two-day event [4][6] - The tour will kick off on February 21-22, 2025, at Katy Mills® in Houston and conclude on August 22-23 at Cielo Vista Mall in El Paso, Texas [6] Audience Engagement - The tour aims to create a fun and memorable experience for attendees, blending music and shopping, and providing opportunities for aspiring artists to learn from industry professionals [3][4] - Pre-registration for workshops is free but limited, and attendees will receive exclusive merchandise [5]