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Simon Property Group Inc (SPG)

SPG on New York Consolidated

159.78USD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

Simon Property Group sells $1.35 billion of senior notes
Monday, 22 May 2017 05:51pm EDT 

May 22 (Reuters) - Simon Property Group Inc :Simon property group sells $1.35 billion of senior notes.Simon property group inc - subsidiary has agreed to sell $600 million principal amount of its 2.625% senior notes due june 15, 2022.Simon property group inc - intends to use net proceeds of offering to fund planned optional redemption of its 5.65% notes due 2020.Simon property group inc - combined, new issues of senior notes have a weighted average term of 7.8 years and a weighted average coupon rate of 3.04%.Simon property group inc - simon property group lp has agreed to sell $750 million principal amount of its 3.375% senior notes due june 15, 2027.  Full Article

Simon Property Group Q1 FFO per share $2.74
Thursday, 27 Apr 2017 08:30am EDT 

April 27 (Reuters) - Simon Property Group Inc ::Simon Property Group reports first quarter 2017 results and 9.4% year-over-year increase in quarterly dividend.Q1 FFO per share $2.74.Sees fy 2017 FFO per share $11.45 to $11.55.Sets quarterly dividend of $1.75per share.Simon Property Group Inc says comparable property noi growth for three months ended march 31, 2017 was 3.8%.Q1 FFO per share view $2.77 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $11.57 -- Thomson Reuters I/B/E/S.Simon Property Group Inc says reaffirms outlook for year.Simon Property Group Inc - reaffirm outlook for year.Simon Property Group Inc says occupancy was 95.6% at march 31, 2017, unchanged from March 31, 2016.  Full Article

Simon Property Group Inc Q4 FFO per share $2.53
Tuesday, 31 Jan 2017 08:30am EST 

Simon Property Group Inc : Simon Property Group reports fourth quarter and full year 2016 results and raises quarterly dividend . Q4 FFO per share $2.53 . Sees FY 2017 FFO per share $11.45 to $11.55 . Simon's Board of Directors declared a quarterly common stock dividend of $1.75 per share . Estimates net income to be within a range of $6.45 to $6.55 per diluted share for year ending December 31, 2017 . Sees 2017 FFO will be within a range of $11.45 to $11.55 per diluted share . Comparable property NOI growth was 3.8% for three months ended December 31, 2016 . Quarterly common stock dividend of $1.75 per share, is an increase of $0.10 from previous quarter . Occupancy was 96.8% at December 31, 2016 compared to 96.1% at December 31, 2015 . Currently estimates net income to be within a range of $6.45 to $6.55 per diluted share for year ending December 31, 2017 . FY2017 FFO per share view $11.71 -- Thomson Reuters I/B/E/S .Q4 FFO per share view $2.51 -- Thomson Reuters I/B/E/S.  Full Article

Simon Property Group sells $1.85 bln of multi-tranche senior notes
Tuesday, 15 Nov 2016 05:19pm EST 

Simon Property Group Inc : Simon property - unit to sell $550 million of 2.35% senior notes due January 30, 2022, $750 million of 3.25% senior notes due November 30, 2026 . Intends to use net proceeds of offering to fund pending optional redemption of its 5.875% notes due 2017 . Simon property group-intends to use proceeds to repay portion of borrowings outstanding under $3.5 billion unsecured supplemental revolving credit facility . Simon property group- intends to use net proceeds for general business purposes, to fund planned optional redemption of 10.35% notes due 2019 . Simon property group inc -unit also agreed to sell $550 million principal amount of its 4.25% senior notes due November 30, 2046 .Simon property group sells $1.85 billion of multi-tranche senior notes.  Full Article

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

More From Around the Web

Fitch Rates Simon Property Group's Notes Offering 'A'

(The following statement was released by the rating agency) NEW YORK, May 24 (Fitch) Fitch Ratings has assigned an 'A' rating to the multi-tranche senior notes issued by Simon Property Group, L.P., the operating partnership of Simon Property Group, Inc. (NYSE: SPG). The offering is comprised of notes due 2022, and 2027. KEY RATING DRIVERS SPG's 'A' Issuer Default Rating (IDR) reflects the company's high-quality retail real estate portfolio, cycle-tested management team, its market-leading access