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Simon Property Group NYSE:SPG Stock Report

Last Price

US$173.35

Market Cap

US$65.1b

7D

2.4%

1Y

20.1%

Updated

26 Dec, 2024

Data

Company Financials +

Simon Property Group, Inc.

NYSE:SPG Stock Report

Market Cap: US$65.1b

SPG Stock Overview

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

SPG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health2/6
Dividends5/6

Rewards

Trading at 27.8% below our estimate of its fair value

Earnings grew by 11% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 0.3% per year for the next 3 years

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Dividend of 4.85% is not well covered by free cash flows


My Notes

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Community Narratives

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WA
Analyst Price Target
Consensus Narrative from 18 Analysts

Retail REITs Face Potential Earnings Stagnation Amid Shrinking Profit Margins

Key Takeaways Strategic projects and digital initiatives could bolster revenue and earnings, enhancing both physical and digital retail experiences. Financial stability, highlighted by efficient debt management, supports sustainable growth in dividends and earnings per share.
View narrative
US$184.69
FV
6.1% undervalued intrinsic discount
0.31%
Revenue growth p.a.
0users have liked this narrative
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6users have followed this narrative
Updated narrative

Simon Property Group, Inc. Competitors

Realty Income

NYSE:O

US$46.7b

Kimco Realty

NYSE:KIM

US$15.9b

Regency Centers

NasdaqGS:REG

US$13.6b

Federal Realty Investment Trust

NYSE:FRT

US$9.6b

Price History & Performance

Summary of share price highs, lows and changes for Simon Property Group
Historical stock prices
Current Share PriceUS$173.35
52 Week HighUS$186.00
52 Week LowUS$135.15
Beta1.78
1 Month Change-5.51%
3 Month Change3.36%
1 Year Change20.15%
3 Year Change8.32%
5 Year Change19.48%
Change since IPO670.44%

Recent News & Updates

Simon Property Group: Still An Opportunistic Buy For Long-Term Investors

Dec 12

Simon Property Group Is Still Undervalued

Nov 14

Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%

Nov 04

Recent updates

Simon Property Group: Still An Opportunistic Buy For Long-Term Investors

Dec 12

Simon Property Group Is Still Undervalued

Nov 14

Simon Property Group: Inexpensive And Still Increasing The Dividend Yielding Around 5%

Nov 04

Simon Property Group: The Rebirth Of Malls Is Experiential

Oct 24

Simon Property Group: Cheap Dividend Growth

Sep 23

Simon Property Group: Why Momentum Might Be In The Cards

Sep 03

Simon Property Group: Not The Best Investment At This Point

Aug 18

Simon Property Group: Still In My Portfolio But Certainly Not Adding More

Jul 13

Simon Property Group Can Go Higher After Increased Dividend And 2024 Guidance

Jun 07

Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation

May 07

Simon Property: Time To Take Some Profit

Apr 21

I Added Simon Property Group's 5.4% Dividend Yield To My Shopping

Apr 15

Simon Property Group: I'd Be Careful Here Due To Valuation (Rating Downgrade)

Mar 24

Simon Property Group: Strong Fundamentals Make This REIT A Buy And Hold

Mar 18

Simon Property Group: Not Ready To Pull The Trigger

Feb 09

Simon Property: The Upside Is Still Attractive, So It's A Buy

Jan 23

Simon Property Group: Simon Says 'Hold'

Dec 26

Buy Simon Property Group For The Future Yield

Dec 19

Simon Property Group Likely To Face Headwinds But Remains A BUY

Dec 01

Simon Property Group's 7% Dividend, Double Beat, And Increased Guidance Attractive

Oct 31

Simon Property Group: Malls Are Not Dead

Oct 25

Simon Property Group: Closing In On Sub-$100

Oct 10

Simon Property Group: One Of The Best 7% Dividend Yields

Oct 04

Simon Property Group Is Historically Undervalued At A Level Of 2000, 2008, Or 2020

Sep 21

Simon Property: Solid Performer With Significant Potential Upside

Sep 12

Simon Property Group: The Rise And Fall Of Shopping Malls Is Overblown

Sep 01

Simon Property Group: The Yield Will Get Fatter

Aug 03

Simon Property Group: A Fine REIT, But Better Alternatives Exist

Jul 14

Simon Property Group: Rethinking My Valuation Of The Stock (Rating Downgrade)

Jun 26

The Best Fixed-Rate Preferred Stock At Current Prices Comes From Simon Property Group

Jun 13

Simon Property Group: Interesting Undervaluation Levels Once Again

Jun 06

Simon Property: A 7.2% Yield For Cheap, I'm Jumping In

May 27

Why I Sold Simon Property Group - Again

Feb 19

Simon Property FFO of $3.15 beats by $0.02, revenue of $836.01M

Feb 06

Simon Property: The Bulls Will Likely Prevail

Dec 25

Simon Property: Cheaply Valued For The Long Run

Dec 15

Simon Property Group's Rally Can Continue Through The Holidays As Shares Are Still Undervalued

Nov 11

Simon Property Group Benefits From A Changing Real Estate Model

Oct 31

Simon Property launches its own American Express card with Cardless

Oct 18

Simon Property Group: The Mall Is Dead, Long Live The Mall

Oct 11

Buy Simon Property Group's 11% FFO Yield Before Everybody Else Does

Sep 12

Simon Property Group: A Switch Makes Sense

Aug 25

Simon Property Group: This Price Is Just Plain Silly

Aug 18

Shareholder Returns

SPGUS Retail REITsUS Market
7D2.4%2.4%2.8%
1Y20.1%6.3%24.5%

Return vs Industry: SPG exceeded the US Retail REITs industry which returned 6.3% over the past year.

Return vs Market: SPG underperformed the US Market which returned 24.5% over the past year.

Price Volatility

Is SPG's price volatile compared to industry and market?
SPG volatility
SPG Average Weekly Movement2.7%
Retail REITs Industry Average Movement2.6%
Market Average Movement6.3%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.1%

Stable Share Price: SPG has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

FoundedEmployeesCEOWebsite
19602,750David Simonwww.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?
SPG fundamental statistics
Market capUS$65.09b
Earnings (TTM)US$2.45b
Revenue (TTM)US$5.91b

23.1x

P/E Ratio

9.6x

P/S Ratio

Is SPG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPG income statement (TTM)
RevenueUS$5.91b
Cost of RevenueUS$1.03b
Gross ProfitUS$4.88b
Other ExpensesUS$2.43b
EarningsUS$2.45b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)7.50
Gross Margin82.62%
Net Profit Margin41.43%
Debt/Equity Ratio765.1%

How did SPG perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

53%

Payout Ratio

Does SPG pay a reliable dividends?

See SPG dividend history and benchmarks
When do you need to buy SPG by to receive an upcoming dividend?
Simon Property Group dividend dates
Ex Dividend DateDec 09 2024
Dividend Pay DateDec 30 2024
Days until Ex dividend17 days
Days until Dividend pay date4 days

Does SPG pay a reliable dividends?

See SPG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 01:23
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Jacob KilsteinArgus Research Company
Ross SmotrichBarclays
William AchesonBenchmark Company