Key Developments: Simon Property Group Inc (SPG)

SPG on New York Consolidated

165.74USD
19 Sep 2014
Price Change (% chg)

$-0.28 (-0.17%)
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Latest Key Developments (Source: Significant Developments)

Simon Property Group Inc sells $1.30 billion of senior notes
Wednesday, 3 Sep 2014 05:52pm EDT 

Simon Property Group Inc:Says its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (Operating Partnership), has agreed to sell $900 mln principal amount of 3.375 pct senior notes due Oct. 01, 2024, and $400 mln principal amount of 4.25 pct senior notes due Oct. 01, 2044.This offering is expected to close on Sept. 10.Operating Partnership intends to use net proceeds of this offering primarily to fund redemption of all $250.0 mln outstanding principal amount of 7.875 pct notes due 2016 issued by one of subsidiaries.Also uses to purchase any and all of five series of outstanding senior notes of Operating Partnership that are validly tendered pursuant to cash tender offers announced in a separate press release issued, and for general corporate purposes.This offering is not contingent upon completion of the tender offers.Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc. are serving as joint book-running managers of the public offering.  Full Article

Simon Property Group Inc raises FY 2014 FFO outlook
Wednesday, 23 Jul 2014 07:00am EDT 

Simon Property Group Inc:Increased FY 2014 FFO guidance to a range of $9.01 to $9.11 per diluted share.Increased FY 2014 net income guidance to a range of $4.61 to $4.71 per diluted share.  Full Article

Simon Property Group Inc declares dividend
Tuesday, 22 Jul 2014 08:00pm EDT 

Simon Property Group Inc:Declares a quarterly common stock dividend of $1.30 per share.Payable on Aug. 29 to stockholders of record on Aug. 15.  Full Article

Simon Property Group Inc names Andrew Juster as next Chief Financial Officer
Thursday, 19 Jun 2014 08:00am EDT 

Simon Property Group Inc:Andrew Juster will become Chief Financial Officer in early 2015, succeeding retiring CFO Stephen E. Sterrett.  Full Article

Simon Property Group gives Q2 2014 FFO guidance below analysts' estimates; lowers FY 2014 FFO guidance
Thursday, 29 May 2014 07:00am EDT 

Simon Property Group Inc:Expects Q2 2014 diluted net income will be about $0.89-$0.91 per share.Expects Q2 2014 funds from operations per diluted share will be about $2.10-$2.12.Expects FY 2014 diluted net income per common share to be in the range of $4.21 to $4.31 (previous range $4.55 to $4.65).Expects FY 2014 funds from operations per diluted share to be in the range of $8.96 to $9.06 (previous range $9.60 to $9.70).Q2 2014 FFO of $2.30 - Thomson Reuters I/B/E/S.  Full Article

Simon Property Group announces completion of spin-off of Washington Prime Group
Wednesday, 28 May 2014 04:15pm EDT 

Simon Property Group Inc:Completed the separation of Washington Prime Group Inc.Washington Prime Group Inc which is now an independent public company that will be traded on the NYSE under the symbol WPG.  Full Article

Simon Property Group approves Spin-off Of Washington Prime Group
Tuesday, 6 May 2014 04:14pm EDT 

Simon Property Group Inc:Says that its Board of Directors has declared the distribution of all of the common shares of Washington Prime Group Inc to its stockholders.Following the distribution, Washington Prime will be an independent, publicly-traded company listed on the New York Stock Exchange under the symbol WPG.Simon common stock will continue to trade on the NYSE under the ticker symbol SPG.  Full Article

Simon Property Group Inc raises FY 2014 FFO guidance
Tuesday, 22 Apr 2014 07:00am EDT 

Simon Property Group Inc:Increases FFO guidance by $0.10 to a range of $9.60 to $9.70 per diluted share for FY 2014.Expects FY 2014 net income to a range of $4.55 to $4.65 per diluted share.FY 2014 FFO of $9.63 - Thomson Reuters I/B/E/S.  Full Article

Simon Property Group Inc raises 13 pct quarterly dividend
Tuesday, 22 Apr 2014 07:00am EDT 

Simon Property Group Inc:Declared quarterly common stock dividend of $1.30 per share.Payment on May 30.Record date on May 16.  Full Article

Simon Property Group Inc's Chief Financial Officer Stephen Sterrett to retire effective Mar. 1, 2015 - Form 8-K
Monday, 3 Feb 2014 03:43pm EST 

Simon Property Group Inc:Says on Jan. 31, the company announced that Stephen E. Sterrett, Senior Executive Vice President and Chief Financial Officer of the company, would retire from his positions with the company effective Mar. 1, 2015.  Full Article

Washington Prime to buy Glimcher Realty for $2.06 billion

- Shopping center operator Washington Prime Group will buy smaller peer Glimcher Realty Trust for about $2.06 billion, its biggest deal since being spun off from Simon Property Group Inc in May.

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