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

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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.

While the top- and bottom-line numbers for Simon Property (SPG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Simon Property (SPG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Simon Property Group, Inc. (NYSE:SPG ) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ET Company Participants Tom Ward - Senior Vice President of Investor Relations David Simon - Chairman, President and Chief Executive Officer Brian McDade - Executive Vice President and Chief Financial Officer Adam Reuille - Chief Accounting Officer Conference Call Participants Stephen Sakwa - Evercore ISI Caitlin Burrows - Goldman Sachs Group, Inc. Alexander Goldfarb - Piper Sandler & Co. Vince Tibone - Green Street Advisors Ronald Kamdem - Morgan Stanley & Co. Floris Van Dijkum - Compass Point Research & Trading Jeffrey Spector - Bank of America Merrill Lynch Michael Mueller - JPMorgan Chase & Co. Michael Goldsmith - UBS Juan Sanabria - BMO Capital Markets Greg McGinniss - Scotiabank Haendel St. Juste - Mizuho Securities Linda Tsai - Jefferies & Co. Craig Mailman - Citigroup Inc. Operator Greetings, and welcome to the Simon Property Group's Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Simon Property Group, Inc. (SPG) Q2 2023 Earnings Call Transcript

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.88 per share, missing the Zacks Consensus Estimate of $2.91 per share. This compares to FFO of $2.96 per share a year ago.

Simon Property (SPG) Q2 FFO Miss Estimates

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INDIANAPOLIS,  Aug. 2, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended June 30, 2023. "We are very pleased with our financial and operational performance in the second quarter and again raised our quarterly dividend and full-year 2023 guidance," said David Simon, Chairman, Chief Executive Officer and President.

Simon® Reports Second Quarter 2023 Results and Increases Full Year 2023 Guidance and Raises Quarterly Dividend

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The healthy demand for Simon Property's (SPG) properties, efforts to support omnichannel retailing, a focus on mixed-use assets and solid balance-sheet strength are likely to have aided its Q2 earnings.

Is a Beat in Store for Simon Property (SPG) in Q2 Earnings?

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INDIANAPOLIS , July 20, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revised details for its second quarter earnings conference call.  Simon's financial and operational results for the quarter ending June 30, 2023, will be released after the market close on August 2, 2023.

Simon® Announces Time Change For Its Second Quarter 2023 Earnings Conference Call

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Simon Property Group, Inc.'s total return has been 14.13% since last year, with a 7.09% appreciation compared to 5.86% for the S&P 500. Despite the growth of e-commerce, physical retail remains dominant, with Simon Property Group's business model not imploding as feared and its mall locations still profitable and integral to society. Simon Property Group trades at a lower valuation than its peers, with a 10.11x price-to-FFO ratio compared to the peer.

Simon Property Group, Yielding 6%, Looks Undervalued Still

Simon Property Group has performed badly in the past few years amid multiple headwinds, but its outlook may not be as bleak. The pessimism around malls seems exaggerated as the retail sales of department stores have been doing well since the pandemic. The company's latest earnings were solid, as both the occupancy rate and base minimum rent edged up.

Simon Property Group: The Overstated Fear Of Malls

The U.S. commercial property market is experiencing a decline in valuations due to a record increase in interest rates, with the commercial property price index down over 16% from 2021. Retail REITs are seeing a significant performance bifurcation, with companies like Simon Property Group outperforming most REITs with a 27% rise over the past year. The retail sector is facing challenges due to a slowdown in real retail sales, rising operating costs, and changing consumer habits, which could lead to a further decline in property valuations.

Simon Property Group: Premium Retail Not Safe As The 'Richcession' Spreads

Simon Property Group, Inc. reported $4.4 billion in FFO for 2022, a 5% increase compared to pre-pandemic levels in 2019, showing its resilience during crisis periods. Despite a slight potential undervaluation, I suggest considering alternatives to Simon Property Group, such as Unibail-Rodamco-Westfield SE or W. P. Carey Inc. These two alternative ideas may offer higher total returns while suiting different types of investors who are, however, considering maintaining their exposure within the REIT space.

Simon Property Group: A Fine REIT, But Better Alternatives Exist

I was too cautious on Simon Property Group stock previously. The company's robust business model has proved me wrong, as astute buyers bought aggressively late last year. SPG's premium retail properties and unique experiences are expected to provide a strong advantage. A more positive macro outlook should also improve buying sentiments. SPG remains relatively undervalued when compared to its long-term averages. The market remains focused on high interest rates in the near term, opening up fantastic opportunities for long-term buyers.

Simon Property Stock: Still Undervalued, Not Appreciated

INDIANAPOLIS , July 14, 2023  /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its second quarter earnings release and conference call.  Simon's financial and operational results for the quarter ending June 30, 2023, will be released after the market close on August 2, 2023.

Simon® Announces Date For Its Second Quarter 2023 Earnings Release And Conference Call

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Simon has limited near-term debt maturities. The company's dividend is well covered.

Here's How Simon Property Group Can Afford Its 6.5% Dividend Yield

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Using my own experience with Simon Property Group's valuation as an example, I discuss the challenges of human thinking and its impact on financial analysis. I highlight the importance of considering changing discount rates and growth rates in valuation, and how these factors can significantly impact the perceived value of a stock. My previous valuation of Simon Property Group stands revised, now estimating a price range of $140 to $170, which still offers a solid upside potential for investors.

Simon Property Group: Rethinking My Valuation Of The Stock (Rating Downgrade)

Simon Property Group is a fundamentally sound business. The company's market-crushing dividend looks safe.

Is Simon Property Group Stock a Buy?

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News for Simon Property Group Stock (SPG)