SPG Stock Recent News

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Does Simon Property (SPG) have what it takes to be a top stock pick for momentum investors? Let's find out.

LAKE GROVE, N.Y. , Feb. 10, 2025 /PRNewswire/ -- Simon ® , a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of a transformative multimillion-dollar project at Smith Haven Mall.

Simon Property Group is a "wide moat" REIT with a strong global footprint, owning 250 properties and leasing to over 3,000 market-leading brands. SPG boasts a fortress A-rated balance sheet, with $10 billion in liquidity and a well-covered dividend, indicating robust financial health. The company generated solid 2024 earnings, with FFO per share of $12.99 and a positive outlook for 2025, driven by strong leasing demand.

Simon Property Group delivered strong Q4 results with record FFO, high occupancy rates, and robust leasing activity, highlighting its solid portfolio fundamentals. Strategic acquisitions, redevelopment projects, and international expansion, including the upcoming Jakarta outlet, bolster SPG's growth outlook and support its ability to deliver inflation-resilient returns. SPG maintains a strong balance sheet, with significant liquidity and a safe net debt to EBITDA ratio, ensuring financial stability and capacity for future developments.

INDIANAPOLIS , Feb. 6, 2025 /PRNewswire/ -- The Board of Directors of Simon Property Group, Inc. (NYSE: SPG) today announced that Herbert Simon Chairman Emeritus of the Board of Directors has retired effective February 4, 2025. Herbert Simon stated, "Mel and I started our real estate journey 65 years ago having no idea where it would take us.

Simon Property Group delivered a top-line beat of $170 million and increased its quarterly dividend, showcasing strong performance in a post-pandemic environment. SPG's occupancy rates and base minimum rent per sq foot are rising, indicating high demand for physical retail spaces despite e-commerce growth. SPG's price to FFO ratio is attractive compared to peers, and the dividend yield of 4.85% is well-covered, suggesting potential for future increases.

Activity at malls is getting a boost from a digital advertising campaign and may get an additional push from a potential change to U.S. tariff laws, Simon Property Group Chairman, CEO and President David Simon said Tuesday (Feb. 4).

SPG's Q4 results reflect higher revenues supported by high occupancy and a rise in rent per square foot.

Simon Property Group, Inc. (NYSE:SPG ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Thomas Ward - Senior Vice President, Investor Relations David Simon - Chairman, Chief Executive Officer and President Brian McDade - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Spector - Bank of America Steve Sakwa - Evercore ISI Michael Goldsmith - UBS Nicholas Joseph - Citi Floris van Dijkum - Compass Point Greg McGinniss - Scotiabank Alexander Goldfarb - Piper Sandler Juan Sanabria - BMO Capital Markets Vince Tibone - Green Street Mike Muller - JPMorgan Caitlin Burrows - Goldman Sachs Haendel St. Juste - Mizuho Linda Tsai - Jefferies Ronald Kamdem - Morgan Stanley Operator Greetings and welcome to the Simon Property Group Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.