Simon Property Group
About: Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.
Employees: 3,000
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
66% more first-time investments, than exits
New positions opened: 149 | Existing positions closed: 90
9% more funds holding in top 10
Funds holding in top 10: 22 [Q3] → 24 (+2) [Q4]
6% more capital invested
Capital invested by funds: $47.3B [Q3] → $50B (+$2.65B) [Q4]
2.67% more ownership
Funds ownership: 86.46% [Q3] → 89.13% (+2.67%) [Q4]
1% more funds holding
Funds holding: 1,113 [Q3] → 1,119 (+6) [Q4]
1% less repeat investments, than reductions
Existing positions increased: 396 | Existing positions reduced: 401
13% less call options, than puts
Call options by funds: $296M | Put options by funds: $340M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$182
1%
downside
Avg. target
$194
6%
upside
High target
$205
12%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Piper Sandler Alexander Goldfarb 48% 1-year accuracy 21 / 44 met price target | 12%upside $205 | Overweight Upgraded | 5 Feb 2025 |
Deutsche Bank Omotayo Okusanya 69% 1-year accuracy 9 / 13 met price target | 6%upside $195 | Hold Initiated | 17 Dec 2024 |
Mizuho Vikram Malhorta 89% 1-year accuracy 16 / 18 met price target | 1%downside $182 | Neutral Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 29 articles about SPG published over the past 30 days
Positive
Seeking Alpha
6 days ago
Buy 5 'Safer' Dividend Dogs Of 23 February Barron's Better Bets Than T-Bills
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” - Barron's Weekly. In a Barron's interview, Steven Wieting, strategist at Citi Wealth, noted that a growing dividend is a tangible benefit for shareholders and a hallmark of companies with strong balance sheets. "Nobody can fake a dividend," he said.
Positive
Zacks Investment Research
1 week ago
Simon Property (SPG) is a Great Momentum Stock: Should You Buy?
Does Simon Property (SPG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Neutral
PRNewsWire
1 week ago
Simon® Announces Upcoming Transformation of Smith Haven Mall
LAKE GROVE, N.Y. , Feb. 10, 2025 /PRNewswire/ -- Simon ® , a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of a transformative multimillion-dollar project at Smith Haven Mall.
Positive
Seeking Alpha
1 week ago
REITs Lead On Earnings Uplift
US equity markets posted a mixed performance this week, while benchmark interest rates rebounded from two-month lows, as investors saw grounds for Fed hawkishness across a critical slate of employment data. The U.S. economy added 143k jobs in January. Upward revisions to prior months and strong wage growth metrics indicated that labor markets remain "healthy" at minimum, and perhaps even "tight." Following a decline of 1% last week sparked by "DeepSeek" concerns, the S&P 500 retreated by 0.2%, relinquishing an early week rally. The Small-Cap and Mid-Cap indexes dipped 1%.
Positive
Seeking Alpha
2 weeks ago
Simon (Properties) Says: Moats Matter (Rating Upgrade)
Simon Property Group is a "wide moat" REIT with a strong global footprint, owning 250 properties and leasing to over 3,000 market-leading brands. SPG boasts a fortress A-rated balance sheet, with $10 billion in liquidity and a well-covered dividend, indicating robust financial health. The company generated solid 2024 earnings, with FFO per share of $12.99 and a positive outlook for 2025, driven by strong leasing demand.
Positive
Seeking Alpha
2 weeks ago
Simon Property Group: I'm Betting On Robust Growth
Simon Property Group delivered strong Q4 results with record FFO, high occupancy rates, and robust leasing activity, highlighting its solid portfolio fundamentals. Strategic acquisitions, redevelopment projects, and international expansion, including the upcoming Jakarta outlet, bolster SPG's growth outlook and support its ability to deliver inflation-resilient returns. SPG maintains a strong balance sheet, with significant liquidity and a safe net debt to EBITDA ratio, ensuring financial stability and capacity for future developments.
Neutral
PRNewsWire
2 weeks ago
Simon Property Group Announces Retirement of Herbert Simon
INDIANAPOLIS , Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of Simon Property Group, Inc. (NYSE: SPG) today announced that Herbert Simon Chairman Emeritus of the Board of Directors has retired effective February 4, 2025. Herbert Simon stated, "Mel and I started our real estate journey 65 years ago having no idea where it would take us.
Positive
Seeking Alpha
2 weeks ago
Simon Property Group: The Mall Isn't Dead After Strong Earnings And Continued Dividend Increases
Simon Property Group delivered a top-line beat of $170 million and increased its quarterly dividend, showcasing strong performance in a post-pandemic environment. SPG's occupancy rates and base minimum rent per sq foot are rising, indicating high demand for physical retail spaces despite e-commerce growth. SPG's price to FFO ratio is attractive compared to peers, and the dividend yield of 4.85% is well-covered, suggesting potential for future increases.
Positive
PYMNTS
2 weeks ago
Simon Property Group: Digital Ad Campaign Boosts Activity at Malls
Activity at malls is getting a boost from a digital advertising campaign and may get an additional push from a potential change to U.S. tariff laws, Simon Property Group Chairman, CEO and President David Simon said Tuesday (Feb. 4).
Positive
Zacks Investment Research
2 weeks ago
Simon Property Q4 FFO Beats Estimates on Higher Revenues
SPG's Q4 results reflect higher revenues supported by high occupancy and a rise in rent per square foot.
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