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Simon Property Group Inc

SPG

Latest Trade

85.41USD

Change

4.29(+5.29%)

Volume

10,874,788

Today's Range

82.30

 - 

86.30

52 Week Range

42.25

 - 

151.59

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
81.12
Open
84.75
Volume
10,874,788
3M AVG Volume
117.59
Today's High
86.30
Today's Low
82.30
52 Week High
151.59
52 Week Low
42.25
Shares Out (MIL)
305.95
Market Cap (MIL)
24,818.94
Forward P/E
18.27
Dividend (Yield %)
6.41

Next Event

Dividend For SPG_pj.N - 1.0469 USD

Latest Developments

More

Simon Property Group Announces Commencement Of Offering Of Common Stock

Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash

Simon Property Group Reports Q3 FFO Per Share Of $2.05

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About Simon Property Group Inc

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

Industry

Real Estate Operations

Contact Info

225 W Washington St

INDIANAPOLIS, IN

46204-3438

United States

+1.317.6361600

http://www.simon.com

Executive Leadership

David E. Simon

Chairman of the Board, President, Chief Executive Officer

Herbert Simon

Chairman Emeritus

Richard S. Sokolov

Vice Chairman of the Board

Brian J. McDade

Chief Financial Officer, Executive Vice President, Treasurer

Adam J. Reuille

Senior Vice President, Chief Accounting Officer

Key Stats

2.41 mean rating - 17 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2017

5.5K

2018

5.7K

2019

5.2K

2020(E)

4.4K
EPS (USD)

2017

6.240

2018

7.870

2019

6.810

2020(E)

4.440
Price To Earnings (TTM)
18.44
Price To Sales (TTM)
5.00
Price To Book (MRQ)
14.51
Price To Cash Flow (TTM)
8.53
Total Debt To Equity (MRQ)
1,434.22
LT Debt To Equity (MRQ)
1,434.22
Return on Investment (TTM)
5.39
Return on Equity (TTM)
4.75

Latest News

Latest News

Simon Property cuts purchase price for Taubman stake amid COVID hit

Simon Property Group Inc <SPG.N>, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers Inc <TCO.N> by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.

Simon Property's results miss due to unpaid rents, retail bankruptcies

America's largest mall operator Simon Property Group Inc <SPG.N> on Monday missed quarterly estimates for earnings and lease income, as retailers ravaged by the COVID-19 pandemic shut stores, paid lower rents or delayed payments.

Mall landlord Simon Property's revenue falls 25%

Simon Property Group Inc on Monday reported a 25% fall in quarterly revenue, as the COVID-19 pandemic ravaged the retail industry leading to dwindling traffic, store closures and retail bankruptcies.

J.C. Penney enters asset purchase agreement with Brookfield, Simon

J.C. Penney Co Inc said on Wednesday it has entered an asset purchase agreement with Brookfield Asset Management Inc, Simon Property Group and a majority of the company's first lien lenders.

J.C. Penney lenders fling accusations of 'economic terrorism' ahead of bankruptcy sale

J.C. Penney on Monday obtained court approval to move ahead with its proposed sale process as a fight between two groups of lenders intensified.

J.C. Penney sale talks stall: Bloomberg News

Talks between J.C. Penney Co's lenders and the would-be buyers, Simon Property Group Inc <SPG.N> and Brookfield Property Partners LP <BPY.O>, broke down in recent days, Bloomberg News reported on Thursday, citing people with knowledge of the negotiations.

Mall owner Simon adds intriguing new claim in Taubman MAE case

Covering M&A litigation in the COVID-19 era can be a little like shopping in a luxury mall – your attention is constantly being diverted by something new. One minute it’s Victoria’s Secret. The next it’s Tiffany and Louis Vuitton. Shiny objects abound.

J.C. Penney reaches tentative rescue deal, averting liquidation

J.C. Penney Co Inc reached a tentative deal with landlords and lenders valued at $1.75 billion (1.35 billion pounds) to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented...

EXCLUSIVE-J.C. Penney on cusp of rescue deal with landlords -sources

J.C. Penney Co Inc's landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened roughly 70,000 jobs and represented one of the most significant business collapses following...

Breakingviews - Corona Capital: “Halo”, Salesforce, Brooks Bros

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

Mall owner Simon Property profit disappoints as pandemic cuts shopping days

Simon Property Group Inc <SPG.N> missed Wall Street estimates for quarterly profit on Monday, hurt by unpaid rent from retailers across its U.S. malls who suffered a total loss of 10,500 shopping days due to coronavirus-led lockdowns.

CORRECTED-Mall owner Simon Property reports 24% fall in revenue

America's largest mall operator Simon Property Group Inc on Monday reported an about 24% fall in quarterly revenue, hurt by unpaid rent dues as several retailers suffered from store closures due to the COVID-19 pandemic.

Top U.S. mall operator Simon faces pandemic pain

Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began.

Simon Property, Amazon look at turning mall space into fulfillment centers: WSJ

Mall operator Simon Property Group Inc has been in talks with Amazon.com Inc about turning some of its department-store sites into Amazon fulfillment centers, The Wall Street Journal reported https://www.wsj.com/articles/amazon-and-giant-mall-operator-look-at-turning-sears-j-c-penney-stores-into-fulfillment-centers...

New COVID-19 deal litigation: Simon sues Taubman to ditch $3.6 billion mall merger

Editor's note: this story has been updated to change million to billion in the first paragraph.

Mall operator Simon Property abandons $3.6 billion acquisition of Taubman

Simon Property Group Inc <SPG.N>, the biggest U.S. mall operator, said on Wednesday it was ending its $3.6-billion deal to buy Taubman Centers Inc <TCO.N>, citing the beating the retail sector has taken during the COVID-19 pandemic.

Mall operator Simon Property terminates $3.6 bln deal to buy rival Taubman

Simon Property Group Inc, the biggest U.S. mall operator, said on Wednesday it would terminate its $3.6 billion deal to buy Taubman Centers Inc due to the damage done by the coronavirus pandemic to its rival's business.

Simon to reopen half of retail properties by next week amid tenant bankruptcies

Simon Property Group <SPG.N>, the biggest U.S. mall operator, said on Monday it would have about half of its over 200 retail properties in the country open within the next week, even as some of its major retail tenants struggle to say afloat

CORRECTED-Mall operator Simon Property posts 20% fall in quarterly profit

Simon Property Group reported a 20.2% decline in quarterly profit on Monday as the mall operator's was forced to temporarily close all its U.S. retail properties in March due to the COVID-19 pandemic.

BRIEF-Simon Property Group Furloughs 30% Of Workforce - CNBC

* SIMON PROPERTY GROUP FURLOUGHS 30% OF WORKFORCE - CNBC Source text: https://cnb.cx/34agCfn Further company coverage:

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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