Declared Dividend • May 18
First quarter dividend of US$2.25 announced Shareholders will receive a dividend of US$2.25. Ex-date: 9th June 2026 Payment date: 30th June 2026 Dividend yield will be 3.5%, which is lower than the industry average of 5.6%. Reported Earnings • May 15
First quarter 2026 earnings released: FFO per share: US$3.4 (vs US$3.08 in 1Q 2025) First quarter 2026 results: FFO per share: US$3.4 (up from US$3.08 in 1Q 2025). Revenue: US$1.76b (up 19% from 1Q 2025). Funds from operations (FFO): US$1.11b (up 10% from 1Q 2025). FFO margin: 63% (down from 68% in 1Q 2025). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Ankündigung • Apr 15
Simon Property Group, Inc. to Report Q1, 2026 Results on May 11, 2026 Simon Property Group, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 11, 2026 Ankündigung • Apr 02
Simon Property Group, Inc., Annual General Meeting, May 13, 2026 Simon Property Group, Inc., Annual General Meeting, May 13, 2026. Upcoming Dividend • Mar 03
Upcoming dividend of US$2.20 per share Eligible shareholders must have bought the stock before 10 March 2026. Payment date: 31 March 2026. Trailing yield: 4.3%. Lower than top quartile of Mexican dividend payers (5.7%). Lower than average of industry peers (7.6%). New Risk • Feb 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Mex$34m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Large one-off items impacting financial results. Significant insider selling over the past 3 months (Mex$34m sold). Ankündigung • Feb 20
Simon Property Group Announces Resignation of David Simon from Klépierre S.A. Supervisory Board Effective February 19, 2026 Simon Property Group announced that David Simon has resigned from the Klépierre S.A. Supervisory Board effective February 19, 2026. Ankündigung • Feb 11
Simon Announces Transformational Redevelopment of the Current Neiman Marcus Space At Copley Place Simon announced a transformational redevelopment of the current Neiman Marcus space at Copley Place. This next chapter elevates the center's distinctive luxury retail mix and further cements Copley Place as the definitive destination for luxury shopping and dining in Boston. The new multi-level redevelopment will introduce a world-class roster of internationally recognized luxury retail brands and notable dining to Copley Place, including Casa Tua Cucina - the beloved Miami-born culinary marketplace, rooted in Italian heritage and offering globally inspired cuisine in a beautifully curated, open-kitchen setting and Estiatorio Milos - the globally acclaimed Greek seafood restaurant founded by Greek-born restaurateur Costas Spiliadis. Celebrated for its uncompromising commitment to the finest ingredients, Milos offers a refined yet approachable Greek dining experience, sourcing the freshest seafood and produce from local fishermen and farmers across Greece and the Mediterranean. The project will welcome additional luxury boutiques to be unveiled at a later date. These additions will join a thoughtfully assembled mix of luxury retail, including first to market Dolce & Gabbana, the expansions of FENDI and Tourneau, and recently opened LOEWE -- reinforcing a curated environment that distinguishes the center as Boston's destination for luxury and culinary excellence. Construction, which will include an updated architecturally stunning exterior remodeling, is expected to begin later this year with phased openings, including additional retail, dining, and wellness concepts, in 2028. Declared Dividend • Feb 09
Fourth quarter dividend of US$2.20 announced Shareholders will receive a dividend of US$2.20. Ex-date: 10th March 2026 Payment date: 31st March 2026 Dividend yield will be 3.8%, which is lower than the industry average of 5.6%. Reported Earnings • Feb 04
Full year 2025 earnings released: FFO per share: US$28.6 (vs US$14.96 in FY 2024) Full year 2025 results: FFO per share: US$28.6. Revenue: US$6.36b (up 6.7% from FY 2024). Funds from operations (FFO): US$4.66b (down 4.4% from FY 2024). FFO margin: 73% (down from 82% in FY 2024). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Global Retail REITs industry. Ankündigung • Jan 09
Simon Property Group, Inc. to Report Q4, 2025 Results on Feb 02, 2026 Simon Property Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 02, 2026 Recent Insider Transactions • Jan 07
Independent Director recently bought Mex$1.6m worth of stock On the 31st of December, Reuben Leibowitz bought around 480 shares on-market at roughly Mex$3,349 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth Mex$2.0m. Insiders have collectively bought Mex$34m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 19
Independent Director recently bought Mex$1.8m worth of stock On the 15th of December, Randall Lewis bought around 545 shares on-market at roughly Mex$3,307 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth Mex$2.0m. Insiders have collectively bought Mex$35m more in shares than they have sold in the last 12 months. Ankündigung • Dec 02
Turnberry Associates, Inc. and Simon Property Group, Inc. (NYSE:SPG) acquired Esplanade Aventura retail center for approximately $130 million. Turnberry Associates, Inc. and Simon Property Group, Inc. (NYSE:SPG) acquired Esplanade Aventura retail center for approximately $130 million on December 1, 2025.
Turnberry Associates, Inc. and Simon Property Group, Inc. (NYSE:SPG) completed the acquisition of Esplanade Aventura retail center on December 1, 2025. Recent Insider Transactions • Nov 25
Independent Director recently bought Mex$2.0m worth of stock On the 18th of November, Randall Lewis bought around 588 shares on-market at roughly Mex$3,322 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$33m more in shares than they have sold in the last 12 months. Declared Dividend • Nov 25
Third quarter dividend of US$2.20 announced Shareholders will receive a dividend of US$2.20. Ex-date: 10th December 2025 Payment date: 31st December 2025 Dividend yield will be 3.7%, which is lower than the industry average of 5.6%. Declared Dividend • Nov 09
Third quarter dividend of US$2.20 announced Shareholders will receive a dividend of US$2.20. Ex-date: 10th December 2025 Payment date: 31st December 2025 Dividend yield will be 3.7%, which is lower than the industry average of 5.6%. Ankündigung • Nov 04
Simon Unveils Plans to Create Sagefield, Curated Blend of Bespoke Retail, Culinary Artistry, and Design Excellence, to South Nashville Simon unveiled plans to create Sagefield, a thoughtfully distinctive luxury lifestyle destination. Nestled within the rolling hills of Williamson County, the 100-acre mixed-use center will feature first to market boutiques and iconic brands, creative farm-to-table restaurants and cafes, an organic market, thriving entertainment venues, energizing health and wellness concepts, and inviting outdoor spaces. In collaboration with renowned restaurateur and hotelier Sam Fox, through his company Author & Edit Hospitality, the development will feature a luxury hotel with signature restaurants, a world-class spa, a sports and social members club, and sophisticated amenities. The project's design and aesthetics will be carefully curated to seamlessly blend into the area's bucolic landscape and welcoming culture. With a true neighborhood feel, the pedestrian centered development will feature ample green spaces covering approximately 60% of the property, ambling walkways, nature trails, water features, and architecture that embraces the organic feel of the area's natural surroundings. Simon is collaborating on this project with Nashville-based Adventurous Journeys ("AJ") Capital Partners, a vision company with expertise in placemaking and familiarity with the market. Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$1.86 (vs US$1.46 in 3Q 2024) Third quarter 2025 results: EPS: US$1.86 (up from US$1.46 in 3Q 2024). Revenue: US$1.60b (up 8.2% from 3Q 2024). Net income: US$606.2m (up 28% from 3Q 2024). Profit margin: 38% (up from 32% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Oct 16
Simon Property Group, Inc. Promotes Stanley Shashoua to President of International Real Estate Simon Property Group, Inc. on October 15, 2025 announced that Stanley Shashoua has been promoted to President of International Real Estate. In this role, Mr. Shashoua will oversee Simon's international real estate portfolio, which includes 26 International Premium Outlets, ownership stake in Klépierre SA, and McArthurGlen Investments. Mr. Shashoua currently serves as a Supervisory Board member of Klépierre, a position he has held since 2015. Stanley will continue to oversee special corporate investments. Recent Insider Transactions • Oct 09
Independent Director recently bought Mex$1.6m worth of stock On the 30th of September, Reuben Leibowitz bought around 464 shares on-market at roughly Mex$3,411 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$31m more in shares than they have sold in the last 12 months. Ankündigung • Oct 03
Simon Property Group, Inc. to Report Q3, 2025 Results on Nov 03, 2025 Simon Property Group, Inc. announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Recent Insider Transactions • Oct 02
Lead Independent Director recently bought Mex$1.2m worth of stock On the 30th of September, Larry Glasscock bought around 351 shares on-market at roughly Mex$3,411 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$30m more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 03
Upcoming dividend of US$2.15 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 30 September 2025. Trailing yield: 4.8%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (6.0%). Declared Dividend • Sep 03
Second quarter dividend of US$2.15 announced Shareholders will receive a dividend of US$2.15. Ex-date: 9th September 2025 Payment date: 30th September 2025 Dividend yield will be 3.8%, which is lower than the industry average of 5.6%. Declared Dividend • Aug 12
Second quarter dividend of US$2.15 announced Shareholders will receive a dividend of US$2.15. Ex-date: 9th September 2025 Payment date: 30th September 2025 Dividend yield will be 4.1%, which is lower than the industry average of 5.6%. Ankündigung • Aug 07
Simon Announces Key Executive Appointments Simon on August 7, 2025 announced that Eli Simon, Executive Vice President, Chief Investment Officer and Director has been promoted to Chief Operating Officer. Eli will work directly with David Simon, Chairman, Chief Executive Officer and President, on all aspects of Simon's businesses including property performance, new development projects, the company's strategic investments, and its brand strategy. Eli Simon joined the company in 2019, leading the company's investment strategy for both real estate and non-real estate investments, including new business sourcing, strategic corporate investments, and the execution of various real estate transactions. Before joining the company, Eli was the Principal and Head of North American Lodging at Och-Ziff Capital Management and Och-Ziff Real Estate, where he oversaw all lodging related investments, including asset and portfolio acquisitions, operating company investments, and lending opportunities. Simon also announced on August 7, 2025 that Jonathan Murphy and Eric Sadi have been named Co-Presidents, North American Real Estate. As Co-Presidents, North American Real Estate, Jon Murphy and Eric Sadi will oversee Simon's North American real estate portfolio and all three of the company’s platforms, Malls, Mills and Premium Outlets. In this role, they will be responsible for asset management and leasing strategies. Jon and Eric, who joined the company in 2010 and 2006, have served in various capacities throughout their respective tenures. Since 2020, they have been Co-Presidents, Mall Platform, overseeing the revenue stream, occupancy, and merchandise mix for the company's malls. Ankündigung • Jul 08
Simon Property Group, Inc. to Report Q2, 2025 Results on Aug 04, 2025 Simon Property Group, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Recent Insider Transactions • Jul 02
Independent Director recently bought Mex$1.6m worth of stock On the 30th of June, Reuben Leibowitz bought around 522 shares on-market at roughly Mex$3,004 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$32m more in shares than they have sold in the last 12 months. Ankündigung • Jun 12
Simon Property Group, Inc. (NYSE:SPG) acquired Town Center at Boca Raton Mall from Seritage Src Finance LLC for $23.1 million. Simon Property Group, Inc. (NYSE:SPG) acquired Town Center at Boca Raton Mall from Seritage Src Finance LLC for $23.1 million on June 11, 2025.
Simon Property Group, Inc. (NYSE:SPG) completed the acquisition of Town Center at Boca Raton Mall from Seritage Src Finance LLC on June 11, 2025. Ankündigung • Jun 10
Simon Property Group, Inc. (NYSE:SPG) acquired Ground Lease of the JCPenney Department Store at the Dadeland Mall from CTL Propco I LLC for $15.6 million. Simon Property Group, Inc. (NYSE:SPG) acquired Ground Lease of the JCPenney Department Store at the Dadeland Mall from CTL Propco I LLC for $15.6 million on June 9, 2025. A cash consideration of $15.58 million will be paid by Simon Property Group, Inc.
Simon Property Group, Inc. (NYSE:SPG) completed the acquisition of Ground Lease of the JCPenney Department Store at the Dadeland Mall from CTL Propco I LLC on June 9, 2025. Upcoming Dividend • Jun 03
Upcoming dividend of US$2.10 per share Eligible shareholders must have bought the stock before 09 June 2025. Payment date: 30 June 2025. Trailing yield: 5.2%. Lower than top quartile of Mexican dividend payers (6.0%). Lower than average of industry peers (7.3%). Declared Dividend • May 19
First quarter dividend of US$2.10 announced Shareholders will receive a dividend of US$2.10. Ex-date: 9th June 2025 Payment date: 30th June 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.6%. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: US$1.27 (vs US$2.25 in 1Q 2024) First quarter 2025 results: EPS: US$1.27 (down from US$2.25 in 1Q 2024). Revenue: US$1.47b (up 2.1% from 1Q 2024). Net income: US$413.7m (down 44% from 1Q 2024). Profit margin: 28% (down from 51% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Ankündigung • May 13
Simon Property Group, Inc. Declares Quarterly Common Stock Dividend for the Second Quarter of 2025, Payable on June 30, 2025 The Board of Directors of Simon Property Group, Inc. declared a quarterly common stock dividend of $2.10 for the second quarter of 2025. This is an increase of $0.10, or 5.0% year-over-year. The dividend will be payable on June 30, 2025 to shareholders of record on June 9, 2025. Ankündigung • Apr 17
Simon Property Group, Inc. to Report Q1, 2025 Results on May 12, 2025 Simon Property Group, Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Buy Or Sell Opportunity • Apr 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to Mex$3,055. The fair value is estimated to be Mex$4,000, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 5.9%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 0.9% per annum over the same time period. Recent Insider Transactions • Apr 04
Independent Director recently bought Mex$1.6m worth of stock On the 31st of March, Reuben Leibowitz bought around 482 shares on-market at roughly Mex$3,368 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$32m more in shares than they have sold in the last 12 months. Ankündigung • Mar 21
Simon Property Group, Inc., Annual General Meeting, May 14, 2025 Simon Property Group, Inc., Annual General Meeting, May 14, 2025. Declared Dividend • Mar 01
Fourth quarter dividend of US$2.10 announced Shareholders will receive a dividend of US$2.10. Ex-date: 10th March 2025 Payment date: 31st March 2025 Dividend yield will be 3.2%, which is lower than the industry average of 5.6%. Reported Earnings • Feb 23
Full year 2024 earnings released: FFO per share: US$15.0 (vs US$14.34 in FY 2023) Full year 2024 results: FFO per share: US$15.0 (up from US$14.34 in FY 2023). Revenue: US$5.96b (up 5.4% from FY 2023). Funds from operations (FFO): US$4.88b (up 4.1% from FY 2023). FFO margin: 82% (down from 83% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 12
Fourth quarter dividend of US$2.10 announced Shareholders will receive a dividend of US$2.10. Ex-date: 10th March 2025 Payment date: 31st March 2025 Dividend yield will be 3.2%, which is lower than the industry average of 5.6%. Ankündigung • Feb 09
Herbert Simon to Retire as Chaiman Emeritus and from Board of Simon Property Group, Inc On February 4, 2025, Herbert Simon, age 90, a member and Chaiman Emeritus of the Board of Directors of Simon Property Group, Inc. notified the Company that he is retiring from the Board, including his position as Chairman Emeritus, effective February 4, 2025. Mr. Simon's retirement is not due to a disagreement with the Company on any matter relating to the Company's operations, policies or practices. New Risk • Feb 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: US$7.26 (vs US$6.98 in FY 2023) Full year 2024 results: EPS: US$7.26 (up from US$6.98 in FY 2023). Revenue: US$5.96b (up 5.4% from FY 2023). Net income: US$2.37b (up 3.8% from FY 2023). Profit margin: 40% (in line with FY 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 6% per year and the company’s share price has also increased by 6% per year. Ankündigung • Jan 31
Simon Property Group, Inc. (NYSE:SPG) acquired Design Management S.R.L. from Kering SA (ENXTPA:KER) for approximately €350 million. Simon Property Group, Inc. (NYSE:SPG) acquired Design Management S.R.L. from Kering SA (ENXTPA:KER) for approximately €350 million on January 30, 2025. The Mall Luxury Outlets operates two luxury outlet destinations in Italy, one in Leccio and the other in Sanremo.
Simon Property Group, Inc. (NYSE:SPG) completed the acquisition of Design Management S.R.L. from Kering SA (ENXTPA:KER) on January 30, 2025. Recent Insider Transactions • Jan 05
Independent Director recently bought Mex$1.6m worth of stock On the 30th of December, Reuben Leibowitz bought around 465 shares on-market at roughly Mex$3,458 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$29m more in shares than they have sold in the last 12 months. Declared Dividend • Nov 22
Third quarter dividend of US$2.10 announced Shareholders will receive a dividend of US$2.10. Ex-date: 9th December 2024 Payment date: 30th December 2024 Dividend yield will be 3.0%, which is lower than the industry average of 5.6%. Ankündigung • Oct 04
Simon Property Group, Inc. to Report Q3, 2024 Results on Nov 05, 2024 Simon Property Group, Inc. announced that they will report Q3, 2024 results After-Market on Nov 05, 2024 Recent Insider Transactions • Oct 02
Independent Director recently bought Mex$1.5m worth of stock On the 30th of September, Reuben Leibowitz bought around 453 shares on-market at roughly Mex$3,276 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$26m more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 02
Upcoming dividend of US$2.05 per share Eligible shareholders must have bought the stock before 09 September 2024. Payment date: 30 September 2024. Trailing yield: 4.9%. Lower than top quartile of Mexican dividend payers (7.3%). In line with average of industry peers (5.1%). Declared Dividend • Aug 12
Second quarter dividend of US$2.05 announced Shareholders will receive a dividend of US$2.05. Ex-date: 9th September 2024 Payment date: 30th September 2024 Dividend yield will be 3.5%, which is lower than the industry average of 5.6%. New Risk • Aug 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 101% Dividend yield: 5.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Large one-off items impacting financial results. Ankündigung • Aug 07
Simon Property Group, Inc. announces Quarterly dividend, payable on September 30, 2024 Simon Property Group, Inc. announced Quarterly dividend of USD 2.0500 per share payable on September 30, 2024, ex-date on September 09, 2024 and record date on September 09, 2024. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$1.51 (vs US$1.49 in 2Q 2023) Second quarter 2024 results: EPS: US$1.51 (up from US$1.49 in 2Q 2023). Revenue: US$1.46b (up 6.5% from 2Q 2023). Net income: US$493.5m (up 1.5% from 2Q 2023). Profit margin: 34% (down from 36% in 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 12
Simon Property Group, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Simon Property Group, Inc. announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Recent Insider Transactions • Jul 04
Independent Director recently bought Mex$1.3m worth of stock On the 28th of June, Reuben Leibowitz bought around 486 shares on-market at roughly Mex$2,743 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$24m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$2,885, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Retail REITs industry globally. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$3,049 per share. Upcoming Dividend • May 31
Upcoming dividend of US$2.00 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 28 June 2024. Trailing yield: 5.3%. Lower than top quartile of Mexican dividend payers (6.5%). In line with average of industry peers (5.6%). Declared Dividend • May 13
First quarter dividend of US$2.00 announced Shareholders will receive a dividend of US$2.00. Ex-date: 7th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.1%, which is lower than the industry average of 5.6%. Reported Earnings • May 08
First quarter 2024 earnings released: FFO per share: US$4.1 (vs US$3.13 in 1Q 2023) First quarter 2024 results: FFO per share: US$4.1 (up from US$3.13 in 1Q 2023). Revenue: US$1.44b (up 6.4% from 1Q 2023). Funds from operations (FFO): US$1.33b (up 30% from 1Q 2023). FFO margin: 93% (up from 76% in 1Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • May 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Ankündigung • Apr 12
Simon Property Group, Inc. to Report Q1, 2024 Results on May 06, 2024 Simon Property Group, Inc. announced that they will report Q1, 2024 results After-Market on May 06, 2024 Ankündigung • Mar 28
Simon Property Group, Inc., Annual General Meeting, May 08, 2024 Simon Property Group, Inc., Annual General Meeting, May 08, 2024, at 08:30 Eastern Daylight. Location: Simon Property Group Headquarters, 225 W. Washington St. Indianapolis Indiana United States Agenda: To consider election of directors; to consider advisory vote to approve the compensation of Named Executive Officers; to consider ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for 2024; and to consider other business issues. Declared Dividend • Mar 05
Fourth quarter dividend of US$1.95 announced Shareholders will receive a dividend of US$1.95. Ex-date: 7th March 2024 Payment date: 29th March 2024 Dividend yield will be 3.9%, which is lower than the industry average of 5.6%. Upcoming Dividend • Feb 29
Upcoming dividend of US$1.95 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 29 March 2024. Trailing yield: 5.3%. Lower than top quartile of Mexican dividend payers (6.6%). In line with average of industry peers (5.6%). Declared Dividend • Feb 12
Fourth quarter dividend of US$1.95 announced Shareholders will receive a dividend of US$1.95. Ex-date: 7th March 2024 Payment date: 29th March 2024 Dividend yield will be 4.1%, which is lower than the industry average of 5.6%. Ankündigung • Feb 10
Simon Property Group, Inc. Appoints Nina P. Jones to the Board’s Audit Committee Simon Property Group, Inc. on January 9, 2024, Nina P. Jones was appointed to the Company’s Board of Directors on January 8, 2024, effective immediately. At the time of the appointment, the Board had not made a determination regarding the committee of the Board to which Ms. Jones would be appointed. On February 8, 2024, the Board appointed Ms. Jones to the Board’s Audit Committee, effective immediately. Ankündigung • Feb 09
Simon Property Group, Inc. (NYSE:SPG) announces an Equity Buyback for $2,000 million worth of its shares. Simon Property Group, Inc. (NYSE:SPG) announces a share repurchase program. Under the program, the company will repurchase up to $2,000 million worth of its common stock. The share repurchases take place over the next 24 months. Reported Earnings • Feb 06
Full year 2023 earnings released: EPS: US$6.98 (vs US$6.52 in FY 2022) Full year 2023 results: EPS: US$6.98 (up from US$6.52 in FY 2022). Revenue: US$5.66b (up 6.9% from FY 2022). Net income: US$2.28b (up 6.7% from FY 2022). Profit margin: 40% (in line with FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.2% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 11
Simon Property Group, Inc. to Report Q4, 2023 Results on Feb 05, 2024 Simon Property Group, Inc. announced that they will report Q4, 2023 results After-Market on Feb 05, 2024 Ankündigung • Jan 10
Simon Property Group Announces Appointment of Nina P. Jones to Board of Directors Simon® announced that Nina P. Jones has been appointed to its Board of Directors, effective January 8, 2024. Ms. Jones retired from T. Rowe Price where she most recently served as Vice President, Portfolio Manager, of the U.S. Real Estate Equity Strategy. Ms. Jones also served as global team leader for real estate at T. Rowe Price including as portfolio manager of the Global Real Estate Equity Strategy. She was an Investment Advisory Committee member of the Mid-Cap Value, Institutional Large-Cap Value, Global Growth, Global Stock, and Financial Services strategies for T. Rowe. Prior to T. Rowe, Ms. Jones worked as a Senior Associate for KPMG, earning the CPA designation. Ms. Jones earned her BS in accounting and finance from the University of Maryland before obtaining her MBA from Columbia University, Graduate School of Business with Honors. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to Mex$2,500, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Retail REITs industry globally. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,796 per share. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Ankündigung • Nov 02
Simon Property Group, Inc. Declares Quarterly Common Stock Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023 Simon Property Group, Inc. declared a quarterly common stock dividend of $1.90 for the fourth quarter of 2023. This is an increase of $0.10, or 5.6% year-over-year. The dividend will be payable on December 29, 2023 to shareholders of record on December 8, 2023. Ankündigung • Nov 01
Simon Property Group, Inc. Provides Earning Guidance for the Year Ending December 31, 2023 Simon Property Group, Inc. provided earning guidance for the year ending December 31, 2023. For the period, the company currently estimates net income to be within a range of? $6.67 to $6.77 per diluted share. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Shares are highly illiquid. Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Reported Earnings • Nov 01
Third quarter 2023 earnings released: FFO per share: US$3.7 (vs US$3.35 in 3Q 2022) Third quarter 2023 results: FFO per share: US$3.7 (up from US$3.35 in 3Q 2022). Revenue: US$1.41b (up 7.2% from 3Q 2022). Funds from operations (FFO): US$1.20b (up 9.3% from 3Q 2022). FFO margin: 85% (up from 84% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Global Retail REITs industry. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 29
Simon Property Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023 Simon Property Group, Inc. announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of US$1.90 per share at 6.7% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 29 September 2023. Trailing yield: 6.7%. Within top quartile of Mexican dividend payers (6.3%). Higher than average of industry peers (5.8%). Ankündigung • Aug 04
Simon Property Group, Inc. Declares Quarterly Dividend for Third Quarter of 2023, Payable on September 29, 2023 The Board of Directors of Simon Property Group, Inc. declared a quarterly common stock dividend of?$1.90 for the third quarter of 2023. This is an increase of?$0.15, or 8.6% year-over-year. The dividend will be payable on September 29, 2023 to shareholders of record on September 8, 2023. 
