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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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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.

Outstanding Shares

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.

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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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.

The headline numbers for Simon Property (SPG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Simon Property (SPG) Reports Q2 Earnings: What Key Metrics Have to Say

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.90 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to FFO of $2.88 per share a year ago.

Simon Property (SPG) Misses Q2 FFO Estimates

Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday.

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO

INDIANAPOLIS , Aug. 5, 2024 /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, 2024. "We are pleased with our financial and operational performance in the second quarter," said David Simon, Chairman, Chief Executive Officer and President.

Simon® Reports Second Quarter 2024 Results, Increases Full Year 2024 Guidance and Raises Quarterly Dividend

Realty Income Corp

Starwood Property

Real Estate Investment Trusts (REITs) are underperforming the market this year as concerns about the economy and interest rate remain. The closely watched iShares Global REIT ETF (REET) stock has risen by just 2.4% while the Vanguard Real Estate Index Fund (VNQ) is up by just 3.30%.

REIT stocks analysis: Realty Income, Simon Property, Starwood

AvalonBay Communities

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Equity Residential

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Public Storage

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Welltower

The next cycle for public REITs could be more similar to those of the 1990s and early 2000s than one of the past 14 years. In prior cycles, public REITs enjoyed a cost of capital that allowed for significant external growth, boosting cash flow and dividends per share. Many companies spent the past cycle shoring up their balance sheets to record low leverage and maintaining a low dividend payout to enhance flexibility.

The 'X' Factor For Public REITs

While Simon Property (SPG) is poised to benefit from a healthy retail real estate market and efforts to support omnichannel retailing, high interest rates are likely to have acted as a spoilsport.

What's in Store for Simon Property (SPG) This Earnings Season?

Armada Hoffler Properties

Apple Hospitality REIT

With the REIT industry offering a real estate structure for several economic activities - real or virtual - there are pockets of strength. This is likely to be reflected in the earnings releases of SPG, APLE and AHH.

3 REITs Likely to Emerge Victorious This Earnings Season

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Simon Property (SPG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Seeking Clues to Simon Property (SPG) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts have a bullish rating on SPG stock. I think such a rating substantially underestimates the underlying risks. SPG's generous dividends are a main draw here and have been a key source of its total return.

Simon Property Group: Wall Street Ratings Underestimate Risks

A-Mark Precious Metals

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SentinelOne

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For years following the worst of the COVID-19 crisis, the Federal Reserve wrestled with blistering inflation. Unfortunately, it was a necessary evil.

7 Risk-On Stocks to Buy as Rate Cut Fervor Intensifies

Antero Midstream Partners

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Organon & Co

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Verizon

Last week's action in the stock market might have signaled a long-awaited shift away from a focus on Big Tech in the stock market to overlooked pockets of value.

20 value stocks with high dividend yields and expected room to raise payouts

Gap Inc

NIKE

Tanger Factory Outlet Centers

The pandemic and the rise of e-commerce giants like Amazon and Shein have severely affected the industry.

Why outlets are lagging behind other mall categories in the U.S.

My last article on Simon Property Group was issued in March 2020. The thesis was bullish and the returns have reached 280%. While I continue to hold SPG in my portfolio, I do not think that it is a sound idea to carry a notable exposure in this REIT.

Simon Property Group: Still In My Portfolio But Certainly Not Adding More

BP's EV charging business, bp pulse, announces the installation of EV charging Gigahubs across Simon Property Group's destinations in the United States.

BP Partners With Simon to Expand EV Charging Network Across US

INDIANAPOLIS , July 11, 2024 /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, 2024, will be released after the market close on August 5, 2024.

Simon® Announces Date For Its Second Quarter 2024 Earnings Release And Conference Call

Simon Property (SPG) and bp pulse partner to expand the EV charging network at Simon's properties across the United States.

Simon Property (SPG) & bp Team Up to Expand EV Charging Network

Kimco Realty

Here are three prominent companies that exemplify the strengths of real estate income stocks: consistent dividends, financial performance and strategic growth potential. The first one on the list stands out, focusing on providing reliable and growing monthly dividends.

3 Real Estate Stocks to Buy for Stable Income

Essential Properties Realty Trust Inc

Farmland Partners

Global Net Lease

Mid-America Apartment Communities

Cohen & Steers Quality Income Realty Fund

Vanguard Real Estate ETF

W. P. Carey

REITs and rental properties are two of the most popular methods for investing in real estate. While REITs have many advantages over rental properties, there are also some important differences between the two investments that can significantly impact the performance of the investment. I go over these differences to explain why, in some cases, rental properties may significantly outperform REITs despite the enormous advantages that REITs hold over rental properties.

What I Wish I Knew Before Investing In REITs Instead Of Rentals

Ultra-fast bp pulse Gigahubs to be rolled out at 75 Simon® locations, adding over 900 charging bays across the US. bp pulse continues to leverage its leading global network and expertise to pursue disciplined growth in key markets like the US.

bp signs deal with Simon® to expand ultra-fast EV charging network in US

A unit of BP signed a deal with mall owner Simon Property Group to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on Wednesday.

BP signs deal with mall owner Simon Property for over 900 EV chargers

Extra Space Storage

As the stock market passes through mid-2024, it's vital to identify stocks for a market rally to capitalize on emerging growth trends. Here are three standout real estate investment trust (REIT) stocks.

Mid-Year Market Rally: 3 Stocks to Bet On for 2024's Second Half

BRT Apartments

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Gaming and Leisure Properties

Innovative Industrial Properties

For investors uncertain about broader market dynamics, real estate investment trusts or REITs offer an excellent avenue to put your money to work. I think it's safe to say that the number one reason people consider this sector is the often-robust passive income potential.

7 REITs Yielding 5% (or More) With Strong Upside Potential

News for Simon Property Group Stock (SPG)