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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Simon Property Group

Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.

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Simon Property Group reports solid Q4 performance amidst challenges

Simon Property Group's Q4 2022 performance reflects steady growth in FFO per share and domestic property NOI, driven by strategic investments and strong retailer sales.
Despite challenges from rising interest rates and inflation, the company remains focused on dividend growth, lease renewals, and portfolio optimization for sustained success.
Opportunities lie in redevelopment projects, lease renewals, and expected NOI contributions from new stores, positioning Simon Property Group for continued growth and profitability.

Simon Property Group exceeds Q1 expectations, eyes growth opportunities

Simon Property Group (SPG) delivered strong Q1 2023 results, showcasing growth in property NOI, leasing activity, and retail sales per square foot, supported by enhanced liquidity and strategic investments.
While facing challenges from currency headwinds and lease dynamics, the company's focus on base rent growth, OPI investments, and mixed-use development positions it well for future growth.
Opportunities lie in expanding mixed-use developments, leveraging OPI investments for EBITDA growth, and capitalizing on strong leasing demand and property NOI growth expectations.
Overall, Simon Property Group's performance, strengths, and opportunities indicate a resilient and forward-looking approach to navigating the evolving real estate landscape.

Simon Property Group posts strong Q2 results amidst retail optimism

Simon Property Group delivered a strong Q2 performance with increased FFO and NOI, supported by robust leasing activity.
While facing challenges from Taubman's lower performance, the company aims to sustain growth and capitalize on retail sales optimism.
Opportunities lie in diversification strategies, sustained NOI growth targets, and managing risks from market uncertainties.
Overall, Simon Property Group's financial outlook remains positive, with a focus on maximizing revenue and shareholder value.

Simon Property Group posts strong Q3 results amidst market challenges

Simon Property Group delivered a strong Q3 performance with robust financial results and operational metrics, showcasing resilience and strategic decision-making.
Despite facing challenges related to interest rates, leasing dynamics, and retail market uncertainties, SPG remains proactive in addressing these issues and exploring growth opportunities.
The company's focus on asset optimization, leasing activity, and financial prudence positions it well to navigate market headwinds and capitalize on future opportunities for growth.
Investors should monitor SPG's continued leasing momentum, asset sales strategy, and response to evolving market conditions to assess its long-term performance and value creation.

Simon Property Group posts robust Q4 results and strategic growth outlook

SPG's Q4 2023 earnings call showcased strong financial performance, strategic focus on growth, and operational resilience.
The company's emphasis on portfolio management, value creation, and shareholder returns positions it well for sustained success.
While facing challenges with select retailers and operational efficiencies, SPG's liquidity, dividend increase, and growth outlook offer a positive outlook for investors.

Simon Property Group surpasses Q1 earnings targets amidst industry challenges

Simon Property Group (SPG) delivered strong Q1 results exceeding expectations, showcasing resilience in its operations and strategic investments.
While facing challenges from restructuring charges and macroeconomic uncertainties, SPG leverages its expertise to navigate through industry pressures.
The company's focus on capital recycling, stock buybacks, and strategic investments highlights its commitment to maximizing shareholder value and growth.

Simon Property Group posts robust Q2 results, raises full-year guidance

SPG's Q2 performance reflects resilience, operational strength, and strategic agility amidst market challenges and uncertainties.
The company's financial discipline, portfolio diversification, and shareholder-friendly initiatives position it well for sustained growth and value creation.
By addressing challenges, leveraging opportunities, and maintaining a focus on innovation, SPG aims to drive long-term success and shareholder value.

Simon Property Group reports resilient Q3 performance amidst evolving retail landscape

Simon Property Group (SPG) delivered a solid performance in Q3 2024, marked by strong financial metrics, strategic expansions, and a focus on enhancing customer experience.
While facing challenges in certain segments, SPG remains resilient through financial maneuvers and a commitment to rewarding shareholders, positioning itself for long-term success.
With opportunities in market expansion, strategic initiatives, and addressing changing consumer behaviors, SPG is poised to navigate challenges and drive growth in the dynamic retail landscape.

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Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and the Mills. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in 1993 and is headquartered in Indianapolis, IN.

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REITs' financials are not accurately captured by computers due to realities that are not reflected by GAAP and also to adjusted numbers. REIT balance sheets have improved in terms of debt maturities, liquidity, and maturity ladders, but Loan to Value ratios have not significantly changed. For specific REITs, investors should focus especially on the debt maturity ladder.

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Cash levels in money market funds have surged over the past year despite the S&P 500's strong performance, indicating investors' conservative approach. As interest rates decrease, rate-sensitive sectors such as real estate, utilities, and renewable energy should enjoy a relief rally. Now is the time to deploy investable cash into dividend stocks in these rate-sensitive sectors, as they are likely to produce rising income streams while money markets see falling payouts.

Now Is The Time To Deploy Your Cash

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Investing in negative stories can be worth consideration if the circumstances are right. REITs got hammered by rising interest rates, opening up high-yield investment opportunities.

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Healthy retail real estate demand, focus on omnichannel retailing and mixed-use assets, and robust balance sheet are likely to continue driving Simon Property's (SPG) stock in the quarters ahead.

Simon Property (SPG) Stock Gains 13% QTD: Will the Trend Last?

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Now that the volatility index (VIX) has dipped below 15%, markets are calm; finding momentum and good trading opportunities may seem like finding a needle in a haystack. However, one can be your savior when looking at the year-to-date performance of some sectors.

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The addition of artificial intelligence (AI) is proving to be a holiday miracle for brands, retailers and even payment providers, reshaping the way they connect with consumers.

Kohl's, Simon Property and Klarna Sprinkle AI Magic to Boost Holiday Spend

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2023 has been a much better year than 2022, as all major indices are higher. The tech-heavy Nasdaq is up a whopping 32.5%, while the venerable S&P 500 is up 15.36% and the Dow Jones Industrial just 3.5%, but it hasn't felt like a bull market, at least not yet.

7 Dividend Stocks To Buy For the Coming Bull Market

Simon Property (SPG) is poised to benefit from its portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts, though higher e-commerce adoption and high rates are worrisome.

Is It Wise to Retain Simon Property (SPG) Stock Right Now?

The past few years have been challenging for real estate investment trusts. One of them -- Simon Property Group -- now thinks its stock is a bargain.

Simon Property Thinks Its Stock Is Cheap. Time to Buy?

First-of-its-kind experience to launch in New York and Los Angeles INDIANAPOLIS , Nov. 16, 2023 /PRNewswire/ -- To help shoppers instantly find the perfect present this holiday season, Simon® , a global leader in premier shopping, dining, entertainment and mixed-use destinations, is unveiling the next generation of gift shopping: A team of free personal shoppers supported by Simon's new "HolidAI" gift finding tool powered by the latest in Artificial Intelligence (AI) technology.  Set to launch at marquee Simon properties in New York and Los Angeles on Black Friday, Nov. 24, a team of Simon "helper elves" will be on site and ready to assist shoppers with instant help from ChatGPT 4.0-powered technology that is connected to a customized database of retailer-specific gift ideas.

Simon® Takes Holiday Shopping to a New Level Thanks to AI

REITs have experienced multiple expansion in their valuations, but recent market conditions have caused some of this expansion to be undone. The future pricing of REITs will depend on interest rates and cap rates as much or more than on economic performance. Across the range of plausible futures, dividend-based investment approaches such as REITs are far more robust than total return approaches.

Assessing How Much REITs Will Come Back

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Americans are increasingly worried about job losses, and long-term inflation expectations are at a 12-year high. Leading economic indicators suggest a potential recession within three months, while unemployment is predicted to rise, and stagflation is a concern. A-rated ultra-yielding SWANs are a great way to invest money wisely during a high uncertainty period. Rock-solid balance sheets, great risk management, and safe ultra-yield is always in fashion.

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Vici Properties

Interest rates have been a burden on the real estate market, but the end of the rate hike cycle is near. The Federal Reserve is expected to keep rates unchanged for the remainder of the year, providing relief for the REIT sector. All 4 of these REITs are high-quality in terms of both the strength of their portfolios as well as their management teams.

4 REITs To Buy Before Rates Get Cut

INDIANAPOLIS , Nov. 7, 2023 /PRNewswire/ -- Simon®, a global leader in premier shopping, dining, entertainment and mixed-use destinations, today announced that its wholly-owned subsidiary, Simon Global Development B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) under the laws of the Netherlands (the "Issuer"), has agreed to issue €750 million principal amount of unsecured bonds due 2026 (the "Bonds") exchangeable into existing ordinary shares of Klépierre S.A.

Simon Property Group Announces Offering Of Euro-Denominated Bonds Exchangeable Into Shares Of Klépierre S.A.

INDIANAPOLIS , Nov. 6, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell: $500 million aggregate principal amount of its 6.250% Notes due 2034, and $500 million aggregate principal amount of its 6.650% Notes due 2054.

Simon Property Group Sells $1 Billion of Senior Notes

Simon Property Group is currently paying out a 6.5% dividend yield that's 168% covered by fiscal 2023 third quarter FFO. The REIT has a healthy liquidity profile and manageable debt maturities. FFO for the third quarter beat analyst consensus, with the outlook for the full year increased to set the backdrop for a possible dividend raise.

Simon Property Group's 6.5% Yield Is A Compelling Buy

INDIANAPOLIS , Nov. 1, 2023 /PRNewswire/ -- Simon ® announced today it will not open most domestic properties on Thanksgiving Day. Simon properties will reopen on Black Friday.

Simon® Properties Closed Thanksgiving Day

Simon Property's (SPG) Q3 results reflect better-than-anticipated revenues. The retail REIT also raises its 2023 outlook.

Simon Property (SPG) Tops Q3 FFO Estimates, Raises 2023 Outlook

REITs have declined in the rising rate environment, but Simon Property Group delivered strong Q3 earnings and raised guidance. SPG's properties are thriving, with increased revenue, net income, and portfolio net operating income. SPG's malls are still popular destinations for human engagement, and the company is generating and distributing cash to shareholders.

Simon Property Group's 7% Dividend, Double Beat, And Increased Guidance Attractive

In the realm of property leasing, Simon Property Group, the largest mall owner and developer in the U.S., is seeing growth in tenant sales, particularly in its tourism-centric properties, including both outlets and malls.  While overall foot traffic was reported to be slightly higher compared to the previous year, it remains slightly below 2019 levels.

Simon Property Group Thrives With Strong Tenant Sales Growth and Tourism Rebound

Simon Property Group, Inc. (NYSE:SPG ) Q3 2023 Earnings Call Transcript October 30, 2023 5:00 PM ET Company Participants Tom Ward - SVP, IR David Simon - Chairman, CEO and President Brian McDade - CFO Conference Call Participants Ron Kamdem - Morgan Stanley Caitlin Burrows - Goldman Sachs Samir Khanal - Evercore ISI Alexander Goldfarb - Piper Sandler Jeff Spector - Bank of America Michael Goldsmith - UBS Floris van Dijkum - Compass Point Vince Tibone - Green Street Greg McGinniss - Scotiabank Mike Mueller - JPMorgan Nick Joseph - Citigroup Linda Tsai - Jefferies Haendel St. Juste - Mizuho Juan Sanabria - BMO Capital Markets Operator Greetings. Welcome to the Simon Property Group Third Quarter 2023 Earnings Conference Call.

Simon Property Group, Inc. (SPG) Q3 2023 Earnings Call Transcript

News for Simon Property Group Stock (SPG)