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]

Core Insights - Simon has announced plans to develop Nashville Premium Outlets, a new luxury shopping and lifestyle destination in metro Nashville, with construction expected to begin in 2026 [1][3] - The project will be located in Thompson's Station, at the intersection of Interstate 65 and Interstate 840, aiming to attract both local residents and tourists [2][3] - Nashville Premium Outlets will feature approximately 325,000 square feet of mixed-use space, including around 75 retailers, restaurants, and a hotel, with potential for additional residential and big-box retail options [3][4] Company Overview - Simon is a real estate investment trust (REIT) focused on premier shopping, dining, entertainment, and mixed-use destinations, and is an S&P 100 company [7] - The company operates several successful properties across North America, Europe, and Asia, generating billions in annual sales [7] - Simon's existing properties in the Nashville area include Opry Mills, the largest shopping destination in the region, and The Mall at Green Hills, known for high-end fashion brands [5] Collaboration and Community Impact - Simon is partnering with Nashville-based Adventurous Journeys (AJ) Capital Partners for the Nashville Premium Outlets project, known for its transformative work in hospitality and real estate [2][8] - The Mayor of Thompson's Station expressed excitement about the project, highlighting its potential to enhance local amenities, create jobs, and strengthen the economy [6]

Core Viewpoint - Simon Property Group (SPG) has demonstrated strong performance with a 15.4% stock price increase over the past six months, significantly outperforming the industry average of 5.5% growth, driven by its premium retail asset portfolio, omnichannel retailing strategy, mixed-use development focus, restructuring initiatives, and robust balance sheet [1][2]. Group 1: Performance and Growth Factors - The company's extensive exposure to retail assets across the U.S. and its international presence contribute to sustainable long-term growth, positioning it favorably against domestic competitors [2]. - As of September 30, 2024, the occupancy rate for U.S. Malls and Premium Outlets reached 96.2%, an increase of 100 basis points from 95.2% a year earlier, indicating a strengthening leasing environment [2]. - The adoption of an omnichannel strategy and partnerships with premium retailers have positively impacted SPG's growth prospects, enhancing its online retail platform [3]. Group 2: Strategic Initiatives - Simon Property is actively restructuring its portfolio to focus on premium acquisitions and transformative redevelopments, including the recent expansion and renovation of Busan Premium Outlets in South Korea, which is expected to support future growth [4]. - The company is enhancing its financial flexibility, ending Q3 2024 with $11.1 billion in liquidity, a total secured debt to total assets ratio of 17%, and a fixed-charge coverage ratio of 4.3, indicating strong financial health [5]. Group 3: Shareholder Returns - SPG has increased its dividend from $2.05 to $2.10, marking a 2.4% increase, and has raised its dividend 12 times in the past five years, reflecting operational strength and commitment to shareholder returns [6].

Core Viewpoint - Simon Property Group, a leading real estate investment trust, is set to release its fourth quarter earnings for the period ending December 31, 2024, on February 4, 2025, after market close [1][2]. Group 1: Earnings Release Details - The earnings release will be followed by a conference call and audio webcast scheduled for February 4, 2025, from 5:00 p.m. to 6:00 p.m. Eastern Time [2]. - The live webcast will be accessible in listen-only mode at investors.simon.com, with an audio replay available from approximately 9:00 p.m. Eastern Time on February 4 until 11:00 p.m. Eastern Time on February 11, 2025 [2]. - The replay can be accessed in the U.S. by dialing 1-844-512-2921 and for international callers at 1-412-317-6671, using the passcode "13751006" [2]. Group 2: Company Overview - Simon is recognized as an S&P 100 company and operates premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia [3]. - The properties owned by Simon serve as community gathering places for millions and generate billions in annual sales [3].

Group 1 - SP Group initiated a share buy-back programme on 26 August 2024, with a maximum purchase amount of DKK 40.0 million [1] - The buy-back programme will run from 26 August 2024 until 10 April 2025 [1] - The programme complies with the EU Commission Regulation No. 596/2014 regarding Market Abuse, ensuring protection against insider legislation violations [1]