Simon Property Group Management

Management criteria checks 3/4

Simon Property Group's CEO is David Simon, appointed in Jan 1995, has a tenure of 29.92 years. total yearly compensation is $15.56M, comprised of 8% salary and 92% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth $210.57M. The average tenure of the management team and the board of directors is 7 years and 15.2 years respectively.

Key information

David Simon

Chief executive officer

US$15.6m

Total compensation

CEO salary percentage	8.0%
CEO tenure	29.9yrs
CEO ownership	0.4%
Management average tenure	7yrs
Board average tenure	15.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Simon's remuneration changed compared to Simon Property Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$16m	US$1m	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$36m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$10m	US$1m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$9m	US$1m	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$10m	US$1m	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$11m	US$1m	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$5m	US$1m	US$2b

Compensation vs Market: David's total compensation ($USD15.56M) is above average for companies of similar size in the UK market ($USD5.77M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Simon (62 yo)

29.9yrs

Tenure

US$15,564,307

Compensation

Mr. David E. Simon is a Director at Rue Gilt Groupe, Inc. since October 2019. He serves as an Independent Director at Apollo Global Management, Inc. since June 15, 2021. He has been the Chief Executive Off...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Simon	Chairman	29.9yrs	US$15.56m	0.38% $ 210.6m
Brian McDade	Executive VP & CFO	6.2yrs	US$4.56m	0.012% $ 6.6m
Adam Reuille	Senior VP & Chief Accounting Officer	6.2yrs	US$1.44m	0.0052% $ 2.9m
John Rulli	Chief Administrative Officer	17.9yrs	US$4.09m	0.016% $ 9.0m
Steven Fivel	General Counsel & Secretary	7.9yrs	US$4.09m	0.012% $ 6.6m
Steven Broadwater	Senior Vice President of Financial Reporting & Operations	no data	no data	no data
Stanley Shashoua	Chief Investment Officer	no data	no data	no data
Joseph Chiappetta	Senior VP of Business Solutions & Chief Technology Officer	no data	no data	no data
Thomas Ward	Senior Vice President of Investor Relations	10.8yrs	no data	no data
Lee Sterling	Chief Marketing Officer	less than a year	no data	no data
Susan Massela	Senior Vice President of Human Resources	4.5yrs	no data	no data
Victoria Hanor	Senior Executive VP & MD of Luxury Leasing	no data	no data	no data

7.0yrs

Average Tenure

56yo

Average Age

Experienced Management: 0L6P's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Simon	Chairman	31.9yrs	US$15.56m	0.38% $ 210.6m
Eli Simon	Senior Vice President of Corporate Investments & Director	less than a year	no data	0.018% $ 10.4m
Reuben Leibowitz	Independent Director	19.6yrs	US$330.53k	0.019% $ 10.6m
Larry Glasscock	Lead Independent Director	14.8yrs	US$355.33k	0.012% $ 7.0m
Richard Sokolov	Vice Chairman	28.9yrs	no data	0.095% $ 53.1m
Herbert Simon	Chairman Emeritus	31.9yrs	US$100.00k	0.059% $ 32.8m
Glyn Aeppel	Independent Director	8.6yrs	US$303.26k	0.0053% $ 3.0m
Allan Hubbard	Independent Director	15.6yrs	US$305.85k	0.011% $ 5.9m
Gary Rodkin	Independent Director	9.4yrs	US$291.01k	0.0053% $ 3.0m
Marta Stewart	Independent Director	6.8yrs	US$312.26k	0.0044% $ 2.5m
Daniel Smith	Independent Director	15.6yrs	US$295.99k	0.0091% $ 5.1m
Stefan Selig	Independent Director	7.1yrs	US$310.83k	0.0092% $ 5.2m

15.2yrs

Average Tenure

69.5yo

Average Age

Experienced Board: 0L6P's board of directors are seasoned and experienced ( 15.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/28 12:01
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Simon Property Group, Inc. is covered by 45 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacob Kilstein	Argus Research Company
Ross Smotrich	Barclays
William Acheson	Benchmark Company

Simon Property Group Management

Management criteria checks 3/4

Key information

Recent management updates

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

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

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

Independent Director recently bought US$75k worth of stock

Independent Director recently bought US$74k worth of stock

Independent Director recently bought US$71k worth of stock

Recent updates

Upcoming dividend of US$2.10 per share

Third quarter dividend of US$2.10 announced

Third quarter 2024 earnings released: EPS: US$1.46 (vs US$1.82 in 3Q 2023)

Simon Property Group, Inc. to Report Q3, 2024 Results on Nov 05, 2024

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

Upcoming dividend of US$1.65 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

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

Kitchen United and Simon Launch "Grab Go Eat" Platform

Independent Director recently bought US$62k worth of stock

Upcoming dividend of US$1.65 per share