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Simon Property Group Inc (SPG.N)

SPG.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Marriott International And Simon Expand Relationship
Thursday, 17 May 2018 04:32pm EDT 

May 17 (Reuters) - Marriott International Inc ::MARRIOTT INTERNATIONAL AND SIMON EXPAND RELATIONSHIP.MARRIOTT INTERNATIONAL - ANNOUNCED PLANS TO OPEN AT LEAST FIVE NEW HOTELS AT SIMON SHOPPING CENTERS OVER NEXT SEVERAL YEARS.  Full Article

Simon Property Announces Amended, Extended $3.5 Bln Revolving Credit Facility
Thursday, 15 Feb 2018 10:53am EST 

Feb 15 (Reuters) - Simon Property Group Inc ::SIMON PROPERTY GROUP ANNOUNCES AMENDED AND EXTENDED $3.5 BILLION REVOLVING CREDIT FACILITY.SIMON PROPERTY GROUP INC - NEWLY REFINANCED FACILITY, WHICH CAN BE INCREASED TO $4.5 BILLION DURING ITS TERM, WILL INITIALLY MATURE ON JUNE 30, 2022.SIMON PROPERTY GROUP INC - NEWLY REFINANCED FACILITY CAN BE EXTENDED FOR ADDITIONAL YEAR TO JUNE 30, 2023 AT CO'S SOLE OPTION.  Full Article

Simon Property Group Reports Q4 FFO Per Share $3.12
Wednesday, 31 Jan 2018 07:00am EST 

Jan 31 (Reuters) - Simon Property Group Inc ::SIMON PROPERTY GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS AND RAISES QUARTERLY DIVIDEND.SEES FY 2018 FFO PER SHARE $11.90 TO $12.02.Q4 FFO PER SHARE $3.12.Q4 FFO PER SHARE VIEW $3.11 -- THOMSON REUTERS I/B/E/S.FY2018 FFO PER SHARE VIEW $12.11 -- THOMSON REUTERS I/B/E/S.  Full Article

Simon Property Group Sells $1.35 Billion Of Senior Notes
Thursday, 30 Nov 2017 05:21pm EST 

Nov 30 (Reuters) - Simon Property Group Inc ::SIMON PROPERTY GROUP SELLS $1.35 BILLION OF SENIOR NOTES.SIMON PROPERTY GROUP INC - UNIT HAS AGREED TO SELL $600 MILLION PRINCIPAL AMOUNT OF ITS 2.750% SENIOR NOTES DUE JUNE 1, 2023.SIMON PROPERTY GROUP INC - HAS ALSO AGREED TO SELL $750 MILLION PRINCIPAL AMOUNT OF ITS 3.375% SENIOR NOTES DUE DECEMBER 1, 2027.SIMON PROPERTY GROUP INC - COMBINED, NEW ISSUES OF SENIOR NOTES HAVE A WEIGHTED AVERAGE TERM OF 8.0 YEARS AND A WEIGHTED AVERAGE COUPON RATE OF 3.10%.SIMON PROPERTY GROUP INC - OPERATING PARTNERSHIP INTENDS TO USE PROCEEDS TO FUND REDEMPTION AT PAR OF ALL $750 MILLION 1.50% NOTES DUE FEB 2018.  Full Article

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

U.S. developer Simon Property, Siam Piwat to invest $313 mln in Thailand

BANGKOK, June 5 U.S. mall operator Simon Property Group Inc and Thai retailer Siam Piwat Group will invest 10 billion baht ($313.28 million) in three retail projects to tap into the country's booming tourism industry, the companies said on Tuesday.