Nationwide campaign features acclaimed director Matty Peacock and a network of social influencers to inspire generations of shoppers to meet @themallINDIANAPOLIS, Sept. 30, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of a new nationwide campaign to celebrate the shopping mall's continuing cachet as the go-to destination for generations.Simon Malls - Meet Me At The Mall C ...

Investors now have one more item and trend to worry about in the stock market: how lower interest rates set by the Federal Reserve (the Fed) might affect the future growth prospects for different companies, especially those that rely on steady cash flows to pay out dividends. Historically, lower rates mean lower earnings and dividends for the financial sector, but just the opposite can be said about the real estate sector.Simon Property Group TodaySPGSimon Property Group$167.71 +1.30 (+0.78%) 52-Week Range$ ...

INDIANAPOLIS, Sept. 23, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $1.0 billion aggregate principal amount of its 4.750% Notes due 2034.The new issue of senior notes has a term of 10 years and a coupon rate of 4.750%. The offering is expected to cl ...

Simon Property Group (SPG) boasts a portfolio of premium retail assets in the United States and abroad. Focus on supporting omnichannel retailing and developing mixed-use assets are encouraging. Also, accretive buyouts and redevelopment efforts augur well for long-term growth. A healthy balance sheet will likely aid growth endeavors. However, growing e-commerce adoption and limited consumers’ willingness to spend amid persistent macroeconomic uncertainties raise concerns.What’s Supporting SPG Stock?This ret ...

I am a self-taught value investor focusing on equity REITs and factor investing. When it comes to REITs, I'm interested in either those with high dividend growth potential and a long history of value creation through active capital recycling or high-yielding ones with sustainable distributions trading at a large discount to NAV. And regarding factor-based strategies, I am mostly interested in small-cap value ones.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the c ...

Simon Property (SPG) recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion.This $3.5 billion credit facility strengthens the retail REIT’s existing strong financial flexibility. When combined with the company’s existing $5 billion senior unsecured credit facility, it provides $8.5 billion of total revolving credit capacity.The facility is set ...

INDIANAPOLIS, Sept. 19, 2024  /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has amended, restated and extended its $3.5 billion multi-currency unsecured revolving credit facility."The closing of this facility is a continued endorsement of the strength of our Company. The ame ...

Simon Property (SPG) recently concluded the expansion and renovation of Busan Premium Outlets in South Korea. With this move, Busan Premium Outlets currently encompass nearly 555,000 square feet of retail space, featuring more than 270 luxury and premium retail brands.The center boasts extensive gathering and green spaces, highlighted by an "Adventure Forest" play area inspired by overseas resorts. It also offers 28 diverse food and beverage options. The expansion introduces a new 53,000-square-foot area de ...

Simon Property Group, Inc. (NYSE:SPG) Bank of America Global Real Estate Conference Call September 10, 2024 10:20 AM ET Company Participants Brian McDade - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Spector - Bank of America Securities Andrew Reale - Bank of America Securities Jeffrey Spector Joining our first round table fireside chat session for our conference, we have three tracks going. This round table is Simon Property Group. And with us today is Brian Mc ...

Simon Property Group, Inc. (NYSE:SPG) Bank of America Global Real Estate Conference Call September 10, 2024 10:20 AM ET Company Participants Brian McDade - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Spector - Bank of America Securities Andrew Reale - Bank of America Securities Jeffrey Spector Joining our first round table fireside chat session for our conference, we have three tracks going. This round table is Simon Property Group. And with us today is Brian Mc ...