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Simon Property Group Inc (SPG.N)

SPG.N on New York Stock Exchange

161.95USD
17 Nov 2017
Change (% chg)

$2.08 (+1.30%)
Prev Close
$159.87
Open
$160.50
Day's High
$164.17
Day's Low
$160.50
Volume
503,153
Avg. Vol
411,633
52-wk High
$188.09
52-wk Low
$150.17

Latest Key Developments (Source: Significant Developments)

Simon Property Group reports Q3 results, raises quarterly dividend
Friday, 27 Oct 2017 08:30am EDT 

Oct 27 (Reuters) - Simon Property Group Inc :Simon Property Group reports third quarter 2017 results and raises quarterly dividend.Sees FY 2017 FFO per share $11.17 to $11.22.Q3 FFO per share $2.89.Q3 FFO per share view $2.87 -- Thomson Reuters I/B/E/S.FY2017 FFO per share view $11.21 -- Thomson Reuters I/B/E/S.Simon Property Group Inc - ‍occupancy was 95.3 percent at September 30, 2017​.Simon Property Group Inc - ‍declared a quarterly common stock dividend of $1.85 per share, representing a 12.1 percent increase YoY​.Simon Property - ‍2017 net income guidance includes $0.03/share negative impact in Q4 due to repair and restoration of centers located in Puerto Rico​.  Full Article

Simon Property Q2 FFO per share $2.47
Tuesday, 1 Aug 2017 08:30am EDT 

Aug 1 (Reuters) - Simon Property Group Inc :Simon Property Group reports second quarter 2017 results and raises quarterly dividend and full year 2017 guidance.Sees fy 2017 FFO per share $11.14 to $11.22.Q2 FFO per share $2.47.Simon Property Group Inc - ‍comparable property noi growth for three months ended june 30, 2017 was 4.4%.Fy2017 FFO per share view $11.19 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $2.44 -- Thomson Reuters I/B/E/S.Simon Property Group Inc - ‍occupancy was 95.2% at june 30, 2017​.Simon Property Group Inc - ‍board of directors declared a quarterly common stock dividend of $1.80 per share​.  Full Article

Simon Property Group to redeem all outstanding 5.65% notes due 2020
Thursday, 25 May 2017 09:25am EDT 

May 25 (Reuters) - Simon Property Group Inc :Simon Property Group to redeem all outstanding 5.65% notes due 2020.Simon Property Group Inc says its unit to redeem all $1.25 billion in aggregate principal amount of its outstanding 5.65% notes due 2020.Simon Property Group Inc says redemption date for notes will be June 26, 2017.  Full Article

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

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Signa sends Hudson's Bay details of financing for Kaufhof bid

Signa Holding GmbH, the Austrian property and retail group that owns German department store operator Karstadt, sent Hudson's Bay Co this week details of the financing it has put together for its 3 billion euro bid ($3.5 billion) for Kaufhof, Germany's largest retail chain, owned by Hudson's Bay.