Edition:
United States

Simon Property Group Inc (SPG)

SPG on New York Consolidated

224.07USD
28 Jul 2016
Change (% chg)

-- (--)
Prev Close
$224.07
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,278,772
52-wk High
$226.42
52-wk Low
$173.09

Latest Key Developments (Source: Significant Developments)

Simon Property reports Q2 FFO per share $2.63
Wednesday, 27 Jul 2016 06:45am EDT 

Simon Property Group Inc : Reports second quarter 2016 results and raises quarterly dividend and full year 2016 guidance . Sets quarterly dividend of $1.65 per share . Qtrly funds from operations was $952.9 million, or $2.63 per diluted share . Currently estimates net income to be within a range of $6.04 to $6.12 per diluted share for year ending December 31, 2016 . Comparable property NOI growth for three months ended June 30, 2016 was 3.2 pct . Sees FY 2016 FFO per share $10.77 to $10.85 . Q2 FFO per share $2.63 . Occupancy as of June 30, 2016 was 95.9 pct percent versus 96.1 pct percent last year . Q2 FFO per share view $2.62 -- Thomson Reuters I/B/E/S .FY 2016 FFO per share view $10.86 -- Thomson Reuters I/B/E/S.  Full Article

Simon Property Group says Simon International Finance to sell EUR500 mln principal amount of its 1.25% unsecured notes due 2025
Tuesday, 10 May 2016 11:11am EDT 

Simon Property Group Announces Offering Of Euro : Simon property group announces offering of euro-denominated notes . Simon international finance to sell eur 500 million principal amount of its 1.25% unsecured notes due 2025 . Expects to use net proceeds from offering to reduce its existing euro-denominated borrowings and for general corporate purposes .Denominated notes.  Full Article

Simon Property Group Inc announces offering of euro-denominated notes
Monday, 9 Nov 2015 11:45am EST 

Simon Property Group Inc:Indirect wholly-owned subsidiary, Simon International Finance, S.C.A., a corporate partnership limited by shares under the laws of Grand Duchy of Luxembourg, has agreed to sell EUR750 million principal amount of its 1.375% unsecured notes due 2022.Says operating partnership currently expects to use net proceeds from offering to reduce its existing euro-denominated borrowings and for general corporate purposes.  Full Article

Simon Property sells $1.1 billion of senior notes
Monday, 10 Aug 2015 06:16pm EDT 

Simon Property Group Inc:Sells $1.1 billion of senior notes.Has agreed to sell $500 million principal amount of its 2.50% senior notes due September 1.To sell $600 million principal amount of its 3.50% senior notes due September 1, 2025.Agreed to sell $500 million principal amount of its 2.50% senior notes due September 1, 2020.Partnership intends to use proceeds of this offering to fund redemption of $366.6 million outstanding principal amount of 5.75% notes due 2015.  Full Article

Simon Property Group Inc raises FY 2015 FFO guidance
Friday, 24 Jul 2015 07:00am EDT 

Simon Property Group Inc:Says that it is raising both the low and high ends of its previously provided FY 2015 FFO range and estimates in the range of $10.02 to $10.07 per diluted share.Sees FY 2015 net income to be within a range of $5.47 to $5.52 per diluted share.  Full Article

Simon Property Group Inc declares quarterly common stock dividend
Friday, 24 Jul 2015 07:00am EDT 

Simon Property Group Inc:Declares quarterly common stock dividend of $1.55 per share.This is 19.2% increase year-over-year and an increase of $0.05 or 3.3% from the previous quarter.Says dividend will be payable on Aug. 31 to stockholders of record on Aug. 17.  Full Article

Simon Property Group Inc raises FY 2015 FFO outlook
Friday, 24 Apr 2015 07:00am EDT 

Simon Property Group Inc:Now expects FY 2015 FFO in the range of $9.65 to $9.75 per diluted share.FY 2015 net income to be within a range of $5.10 to $5.20 per diluted share.FY 2015 FFO of $9.77 - Thomson Reuters I/B/E/S.  Full Article

Simon Property Group Inc declares quarterly common stock dividend
Friday, 24 Apr 2015 07:00am EDT 

Simon Property Group Inc:Declares quarterly common stock dividend of $1.50 per share.Says this dividend is 15.4 pct increase year-over-year and an increase of $0.10 or 7.1 pct from previous quarter.Says dividend will be payable on May 29 to stockholders of record on May 15.  Full Article

Swire Properties, Whitman Family Development and Simon Property Group Inc announce partnership
Thursday, 23 Apr 2015 08:48pm EDT 

Swire Properties Inc, Whitman Family Development and Simon Property Group Inc:Announced three-way partnership with Simon Property Group to jointly develop retail component of Brickell City Centre.Under partnership, Swire Properties will remain primary developer of mixed-use project, while Simon Property Group and Whitman Family Development will share role of co-developer for retail component.  Full Article

Simon Property Group, Inc announces $2 bln common stock repurchase program
Thursday, 2 Apr 2015 08:00am EDT 

Simon Property Group, Inc:Authorizes common stock repurchase program where company may purchase up to $2 bln of it's common stock over next 24 months as market conditions warrant.Says shares may be repurchased in the open market or in privately negotiated transactions.  Full Article

BRIEF-Simon Property reports Q2 FFO per share $2.63

* Reports second quarter 2016 results and raises quarterly dividend and full year 2016 guidance