Simon Property Group (LSE:0L6P) - Stock Price, News & Analysis

0L6P Stock Overview

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”).

0L6P fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	4/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 32.7% below our estimate of its fair value

Earnings grew by 19.3% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 2.7% per year for the next 3 years

Large one-off items impacting financial results

Dividend of 4.92% is not well covered by free cash flows

Simon Property Group, Inc. Competitors

Shaftesbury Capital

LSE:SHC

UK£2.7b

NewRiver REIT

LSE:NRR

UK£257.0m

Capital & Regional

LSE:CAL

UK£140.9m

Unite Group

LSE:UTG

UK£4.7b

Price History & Performance

Summary of all time highs, changes and price drops for Simon Property Group
Historical stock prices
Current Share Price	US$166.17
52 Week High	US$169.11
52 Week Low	US$102.23
Beta	1.77
11 Month Change	2.79%
3 Month Change	14.12%
1 Year Change	47.78%
33 Year Change	24.00%
5 Year Change	6.78%
Change since IPO	1.50%

Recent updates

Shareholder Returns

	0L6P	GB Retail REITs	GB Market
7D	1.6%	-0.2%	-0.6%
1Y	47.8%	18.1%	5.4%

Return vs Industry: 0L6P exceeded the UK Retail REITs industry which returned 18.1% over the past year.

Return vs Market: 0L6P exceeded the UK Market which returned 5.4% over the past year.

Price Volatility

Is 0L6P's price volatile compared to industry and market?
0L6P volatility
0L6P Average Weekly Movement	3.2%
Retail REITs Industry Average Movement	3.3%
Market Average Movement	4.6%
10% most volatile stocks in GB Market	9.3%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0L6P has not had significant price volatility in the past 3 months.

Volatility Over Time: 0L6P's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1960	2,750	David Simon	www.simon.com

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries.

Simon Property Group, Inc. Fundamentals Summary

How do Simon Property Group's earnings and revenue compare to its market cap?
0L6P fundamental statistics
Market cap	US$54.30b
Earnings (TTM)	US$2.57b
Revenue (TTM)	US$5.84b

21.2x

P/E Ratio

9.3x

P/S Ratio

Is 0L6P overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0L6P income statement (TTM)
Revenue	US$5.84b
Cost of Revenue	US$1.04b
Gross Profit	US$4.80b
Other Expenses	US$2.23b
Earnings	US$2.57b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	7.87
Gross Margin	82.13%
Net Profit Margin	43.96%
Debt/Equity Ratio	705.0%

How did 0L6P perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

51%

Payout Ratio

0L6P Stock Overview

Rewards

Risk Analysis

Simon Property Group, Inc. Competitors

LSE:SHC

UK£2.7b

LSE:NRR

UK£257.0m

LSE:CAL

UK£140.9m

LSE:UTG

UK£4.7b

Price History & Performance

Recent News & Updates

Upcoming dividend of US$2.05 per share

Second quarter dividend of US$2.05 announced

Simon Property Group, Inc. announces Quarterly dividend, payable on September 30, 2024

Second quarter 2024 earnings released: EPS: US$1.51 (vs US$1.49 in 2Q 2023)

Simon Property Group, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Upcoming dividend of US$2.00 per share

Recent updates

Upcoming dividend of US$2.05 per share

Second quarter dividend of US$2.05 announced

Simon Property Group, Inc. announces Quarterly dividend, payable on September 30, 2024

Second quarter 2024 earnings released: EPS: US$1.51 (vs US$1.49 in 2Q 2023)

Simon Property Group, Inc. to Report Q2, 2024 Results on Aug 05, 2024

Upcoming dividend of US$2.00 per share

First quarter dividend of US$2.00 announced

First quarter 2024 earnings released: FFO per share: US$4.1 (vs US$3.13 in 1Q 2023)

New major risk - Revenue and earnings growth

Simon Property Group, Inc. to Report Q1, 2024 Results on May 06, 2024

Simon Property Group, Inc., Annual General Meeting, May 08, 2024

Upcoming dividend of US$1.95 per share

Full year 2023 earnings released: FFO per share: US$14.3 (vs US$13.67 in FY 2022)

Fourth quarter dividend of US$1.95 announced

Simon Property Group, Inc. Appoints Nina P. Jones to the Board’s Audit Committee

Simon Property Group, Inc. (NYSE:SPG) announces an Equity Buyback for $2,000 million worth of its shares.

Simon Property Group, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2024

Full year 2023 earnings released: EPS: US$6.98 (vs US$6.52 in FY 2022)

Simon Property Group, Inc. to Report Q4, 2023 Results on Feb 05, 2024

Simon Property Group Announces Appointment of Nina P. Jones to Board of Directors

Upcoming dividend of US$1.90 per share at 6.2% yield

New major risk - Revenue and earnings growth

Simon Property Group, Inc. Declares Quarterly Common Stock Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023

Simon Property Group, Inc. Declares Quarterly Common Stock Dividend for the Fourth Quarter of 2023, Payable on December 29, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$1.82 (vs US$1.65 in 3Q 2022)

Simon Property Group, Inc. to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$1.90 per share at 6.7% yield

Simon Property Group, Inc. Declares Quarterly Dividend for Third Quarter of 2023, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$1.49 (vs US$1.51 in 2Q 2022)

Simon Property Group, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$1.85 per share at 7.0% yield

First quarter 2023 earnings released: EPS: US$1.38 (vs US$1.30 in 1Q 2022)

Independent Director recently bought US$75k worth of stock

Upcoming dividend of US$1.80 per share at 5.9% yield

Full year 2022 earnings released: EPS: US$6.52 (vs US$6.84 in FY 2021)

Simon Property Group, Inc. Provides Earnings Guidance for the Year 2023

Simon Property Group, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Independent Director recently bought US$74k worth of stock

Upcoming dividend of US$1.80 per share

Third quarter 2022 earnings released: EPS: US$1.65 (vs US$2.07 in 3Q 2021)

Simon Property Group, Inc. Provides Earnings Estimate for the Year 2022

Cardless and Simon Launch Premium Retail Credit Card on American Express Network

Simon Property Group, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Independent Director recently bought US$71k worth of stock

Upcoming dividend of US$1.75 per share

Simon Property Group, Inc. Announces Management Promotions

Second quarter 2022 earnings released: FFO: US$1.27b per share (vs US$3.80 in 2Q 2021)

Simon Property Group, Inc. Provides Earnings Guidance for the Year 2022

Simon Property Group, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Independent Director recently bought US$68k worth of stock

Simon(R) Announces New, Innovative Product Search Platform

Upcoming dividend of US$1.70 per share

Simon Property Reportedly Have No Plan to Make Bid for Kohl's

First quarter 2022 earnings released: FFO: US$1.30b per share (vs US$2.97 in 1Q 2021)

Simon Property Group, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022

Simon Property Group, Inc. to Report Q1, 2022 Results on May 09, 2022

Independent Director recently bought US$62k worth of stock

Simon Property Group, Inc., Annual General Meeting, May 11, 2022