Upcoming Dividend • Jun 04
Upcoming dividend of US$2.25 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 30 June 2026. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.6%). Declared Dividend • May 20
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 4.7%, which is lower than the industry average of 5.6%. Annuncio • 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 Annuncio • Apr 02
Simon Property Group, Inc., Annual General Meeting, May 13, 2026 Simon Property Group, Inc., Annual General Meeting, May 13, 2026. Annuncio • 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. Annuncio • 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. Annuncio • 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 Annuncio • 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. Annuncio • 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. Annuncio • 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 Declared Dividend • Aug 18
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 5.4%, which is about the same as the industry average. Annuncio • 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. Annuncio • 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 Annuncio • 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. Annuncio • 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. Annuncio • 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. Annuncio • 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 Annuncio • Mar 21
Simon Property Group, Inc., Annual General Meeting, May 14, 2025 Simon Property Group, Inc., Annual General Meeting, May 14, 2025. Annuncio • 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. Annuncio • 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. Declared Dividend • Nov 11
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 4.5%, which is lower than the industry average of 5.6%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.46 (vs US$1.82 in 3Q 2023) Third quarter 2024 results: EPS: US$1.46 (down from US$1.82 in 3Q 2023). Revenue: US$1.48b (up 4.9% from 3Q 2023). Net income: US$475.2m (down 20% from 3Q 2023). Profit margin: 32% (down from 42% in 3Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Annuncio • 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 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%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.3%). 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 5.3%, which is lower than the industry average of 5.6%. Annuncio • 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 3.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Annuncio • 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 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: 5.4%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (5.2%). 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 5.3%, which is about the same as the industry average. Reported Earnings • May 07
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 3.0% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. New Risk • May 07
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). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Annuncio • 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 Annuncio • 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. 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: 5.2%. Within top quartile of German dividend payers (5.2%). Lower than average of industry peers (6.3%). 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 5.4%, which is about the same as the industry average. Annuncio • 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. Annuncio • 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 1.8% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Annuncio • 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 Annuncio • 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. Upcoming Dividend • Nov 30
Upcoming dividend of US$1.90 per share at 6.2% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 29 December 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (6.3%). New Risk • Nov 14
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). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Annuncio • 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. Annuncio • 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 • Oct 31
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). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$1.82 (vs US$1.65 in 3Q 2022) Third quarter 2023 results: EPS: US$1.82 (up from US$1.65 in 3Q 2022). Revenue: US$1.41b (up 7.2% from 3Q 2022). Net income: US$594.1m (up 10% from 3Q 2022). Profit margin: 42% (up from 41% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Annuncio • 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 German dividend payers (4.9%). In line with average of industry peers (6.3%). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$1.49 (vs US$1.51 in 2Q 2022) Second quarter 2023 results: EPS: US$1.49 (down from US$1.51 in 2Q 2022). Revenue: US$1.37b (up 7.0% from 2Q 2022). Net income: US$486.3m (down 2.1% from 2Q 2022). Profit margin: 36% (down from 39% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 15
Simon Property Group, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Simon Property Group, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Upcoming Dividend • Jun 02
Upcoming dividend of US$1.85 per share at 7.2% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 30 June 2023. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (7.1%). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.38 (vs US$1.30 in 1Q 2022) First quarter 2023 results: EPS: US$1.38 (up from US$1.30 in 1Q 2022). Revenue: US$1.35b (up 4.2% from 1Q 2022). Net income: US$451.8m (up 5.9% from 1Q 2022). Profit margin: 33% (in line with 1Q 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Retail REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 04
Independent Director recently bought €69k worth of stock On the 31st of March, J. Smith bought around 690 shares on-market at roughly €101 per share. This transaction amounted to 1.2% 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 €1.5m more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 02
Upcoming dividend of US$1.80 per share at 5.9% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 31 March 2023. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.9%). Reported Earnings • Feb 07
Full year 2022 earnings released: EPS: US$6.52 (vs US$6.84 in FY 2021) Full year 2022 results: EPS: US$6.52 (down from US$6.84 in FY 2021). Revenue: US$5.29b (up 3.5% from FY 2021). Net income: US$2.14b (down 4.9% from FY 2021). Profit margin: 40% (down from 44% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.2% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Jan 14
Simon Property Group, Inc. to Report Q4, 2022 Results on Feb 06, 2023 Simon Property Group, Inc. announced that they will report Q4, 2022 results After-Market on Feb 06, 2023 Recent Insider Transactions • Jan 04
Independent Director recently bought €70k worth of stock On the 30th of December, J. Smith bought around 639 shares on-market at roughly €109 per share. This transaction amounted to 1.1% 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 €1.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 01
Upcoming dividend of US$1.80 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 30 December 2022. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (5.6%). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$1.65 (vs US$2.07 in 3Q 2021) Third quarter 2022 results: EPS: US$1.65 (down from US$2.07 in 3Q 2021). Revenue: US$1.32b (up 1.5% from 3Q 2021). Net income: US$539.0m (down 21% from 3Q 2021). Profit margin: 41% (down from 52% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Oct 05
Independent Director recently bought €72k worth of stock On the 30th of September, J. Smith bought around 795 shares on-market at roughly €91.06 per share. This transaction amounted to 1.4% 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 €1.3m more in shares than they have sold in the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 30 September 2022. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.0%). Reported Earnings • Aug 03
Second quarter 2022 earnings released: FFO: US$1.27b per share (vs US$3.80 in 2Q 2021) Second quarter 2022 results: FFO: US$1.27b per share (down from US$3.80 in 2Q 2021). Revenue: US$1.27b (up 1.4% from 2Q 2021). Funds from operations (FFO): US$1.09b (down 10% from 2Q 2021). FFO margin: 86% (down from 97% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 1.5% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Recent Insider Transactions • Jul 06
Independent Director recently bought €65k worth of stock On the 30th of June, J. Smith bought around 721 shares on-market at roughly €89.76 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.4m more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 01
Upcoming dividend of US$1.70 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 30 June 2022. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (4.4%). Reported Earnings • May 11
First quarter 2022 earnings released: FFO: US$1.30b per share (vs US$2.97 in 1Q 2021) First quarter 2022 results: FFO: US$1.30b per share (up from US$2.97 in 1Q 2021). Revenue: US$1.30b (up 4.5% from 1Q 2021). Funds from operations (FFO): US$1.02b (up 8.7% from 1Q 2021). FFO margin: 78% (up from 75% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Recent Insider Transactions • Apr 05
Independent Director recently bought €56k worth of stock On the 31st of March, J. Smith bought around 464 shares on-market at roughly €121 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.0m more in shares than they have sold in the last 12 months. Upcoming Dividend • Mar 02
Upcoming dividend of US$1.65 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 31 March 2022. Trailing yield: 4.9%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (3.3%). Reported Earnings • Feb 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.55 (up from US$3.59 in FY 2020). Revenue: US$5.12b (up 11% from FY 2020). Net income: US$2.25b (up 102% from FY 2020). Profit margin: 44% (up from 24% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.7%, compared to a 5.0% growth forecast for the reits industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jan 05
Independent Director recently bought €54k worth of stock On the 31st of December, J. Smith bought around 384 shares on-market at roughly €141 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.4m more in shares than they have sold in the last 12 months. Upcoming Dividend • Dec 02
Upcoming dividend of US$1.65 per share Eligible shareholders must have bought the stock before 09 December 2021. Payment date: 31 December 2021. Trailing yield: 4.5%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS US$2.07 (vs US$0.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.30b (up 23% from 3Q 2020). Net income: US$679.9m (up 366% from 3Q 2020). Profit margin: 52% (up from 14% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 01
Upcoming dividend of US$1.50 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 30 September 2021. Trailing yield: 4.5%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 04
Second quarter 2021 earnings released: FFO US$3.80 per share (vs US$2.43 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.24b (up 17% from 2Q 2020). Funds from operations (FFO): US$1.22b (up 63% from 2Q 2020). FFO margin: 98% (up from 70% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
First quarter 2021 earnings released: FFO US$2.97 per share (vs US$3.19 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: US$1.24b (down 8.3% from 1Q 2020). Funds from operations (FFO): US$934.0m (down 4.8% from 1Q 2020). FFO margin: 75% (up from 73% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 