SPG Stock Recent News

INDIANAPOLIS , Sept. 4, 2024 /PRNewswire/ --  Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024 at 10:20 a.m.

Simon Property's (SPG) portfolio of premium retail assets, strategic expansions and balance sheet strength are likely to help it tap growth in an improving leasing environment.

Simon Property Group, Inc. announced yet another dividend increase. CEO David Simon's health raises concerns about finding a suitable replacement. The company's strong financial metrics and location advantage position it well for future growth.

Fixed income securities are much broader than areas that typically receive allocation. Preferreds are often overlooked due to perceived riskiness, but can be safer than bonds of troubled companies. Spreads between preferreds and bonds of the same company vary widely, indicating mispricing and potential opportunities.

SPG stock rebounded quickly post-pandemic, with a 55.62% increase in investment value and 75.98% total return including dividends. SPG occupancy rates remain high, driving revenue growth and profitability, with new projects like Tulsa Premium Outlets contributing to future income. SPG remains undervalued compared to peers, with strong income potential and growth opportunities, making it an attractive investment option.

Realty Income Corporation and Simon Property Group, Inc. are top-tier REITs with strong fundamentals and experienced management. Both companies reported positive earnings results in the second quarter, with Realty Income maintaining full-year guidance and Simon Property Group raising its FFO per share guidance. Realty Income has a diversified portfolio of properties and a strong balance sheet, while Simon Property Group has a significant international presence and solid financial metrics.

Simon Property's (SPG) Q2 results reflect a lower-than-expected FFO per share despite higher revenues and occupancy year over year.

Higher interest expenses hurt Simon Property's (SPG) Q2 results. However, a year-over-year rise in revenues offers some support.

While there are signs in the broader economy that a consumer-led recession could be on the way, real estate investment trust Simon Property Group remains optimistic about its shopping, dining, entertainment and mixed-use destinations.

Simon Property Group, Inc. (NYSE:SPG ) Q2 2024 Earnings Conference Call August 5, 2024 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 Jeff Spector - Bank of America Samir Khanal - Evercore ISI Caitlin Burrows - Goldman Sachs Alexander Goldfarb - Piper Sandler Michael Goldsmith - UBS Craig Mailman - Citigroup Juan Sanabria - BMO Capital Markets Ronald Kamdem - Morgan Stanley Haendel St. Juste - Mizuho Securities Vince Tibone - Green Street Greg McGinniss - Scotiabank Floris van Dijkum - Compass Point Linda Tsai - Jefferies Mike Muller - JPMorgan Ki Bin Kim - Truist Securities Operator Greetings. Welcome to Simon Property Group's Second Quarter 2024 Earnings Conference Call.