Announcement • Jul 02
Simon Property Group, Inc. to Report Q2, 2026 Results on Aug 10, 2026 Simon Property Group, Inc. announced that they will report Q2, 2026 results After-Market on Aug 10, 2026 New Risk • Jun 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 106% Dividend yield: 4.1% 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 14% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Large one-off items impacting financial results. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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 Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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. Announcement • 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. Announcement • 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. Announcement • 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 Announcement • 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 Announcement • 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 Announcement • Oct 19
Cardless and Simon Launch Premium Retail Credit Card on American Express Network Cardless, Inc. and Simon have agreed to launch the Simon® American Express® Credit Card from Cardless. Once launched, Cardmembers will receive up to 3% back on all eligible purchases made at Simon destinations and up to 1.5% back on all other purchases. Additionally, Cardmembers will receive up to 5% back on eligible purchases at participating Simon destination retailers, along with select online purchases. In addition, new Cardmembers will be eligible to earn a bonus worth $150 in statement credits after spending $1,000 in the first 90 days. Upon approval, the Simon® American Express® Credit Card from Cardless will be available to Cardmembers instantly via the Cardless mobile app, with a physical card arriving by postal mail. Consumers will be able to apply for an account using their smartphone, and, if approved, will receive instant access to their virtual card, enabling online and in-person contactless purchases. Cardmembers will also have access to select American Express benefits, including offers from Simon retailers and third-party merchants via Amex Offers, as well as benefits that come with Cardless cards on the American Express network. Announcement • Oct 06
Simon Property Group, Inc. to Report Q3, 2022 Results on Nov 01, 2022 Simon Property Group, Inc. announced that they will report Q3, 2022 results Pre-Market on Nov 01, 2022 Announcement • Aug 16
Simon Property Group, Inc. Announces Management Promotions Simon Property Group, Inc. announced that Donald G. Frey has been promoted to serve as the Company's Executive Vice President and appointed Treasurer. Mr. Frey has been with Simon for approximately 12 years, most recently as the Company's Senior Vice President and Assistant Treasurer. Prior to Simon, Mr. Frey practiced law at Alston & Bird LLP and Dechert LLP for eight years and has over 20 years of capital markets and legal experience. Matt Jackson has been promoted to serve as the Company's Senior Vice President and Assistant Treasurer. Mr. Jackson has been with Simon for approximately four years, as the Company's Vice President of Treasury & Capital Markets. Prior to joining Simon, Mr. Jackson spent approximately nine years with The Procter & Gamble Company and served in numerous progressive finance and operational positions. Announcement • Jul 14
Simon Property Group, Inc. to Report Q2, 2022 Results on Aug 01, 2022 Simon Property Group, Inc. announced that they will report Q2, 2022 results After-Market on Aug 01, 2022 Announcement • Jun 22
Simon(R) Announces New, Innovative Product Search Platform Simon(R) announced the launch of Simon Search(TM), a new and innovative search platform designed to enhance the shopping experience by giving shoppers the ability to research in stock products available at participating retailers located within a Simon property. Simon Search is available to millions of shoppers through the Simon app, property websites, and interactive directories located at Simon properties nationwide. Announcement • May 28
Simon Property Reportedly Have No Plan to Make Bid for Kohl's After Reuters reported earlier that suitors competing to buy Kohl's Corporation (NYSE:KSS) are preparing to lower their takeout offers, but still plan to make bids, a person familiar with the matter told CNBC that mall owner Simon Property Group, Inc. (NYSE:SPG) is not planning to make a bid for Kohl's, according to Lauren Thomas. Shares of Kohl's are off earlier highs but remain about 12.5% higher at $40.70 in afternoon trading following the reports from Reuters and CNBC.