SPG Stock Recent News

Sometimes, the best trading advice can come from a list of stocks owned by Congress. If they are buying, you may want to look into it.

I like telling personal stories so that I can help my readers benefit from these lessons learned. I want to emphasize the importance of acknowledging human fallibility. Had it not been for my failures, I would have never grasped the importance of due diligence and vetting skilled management.

Q4 earnings report for Simon was positive, leading to an upgrade to a bullish Hold rating. Simon's FFO per share beat consensus, but '24 FFO guidance missed expectations. The Series J preferred stock remains unattractive, with a yield lower than US treasuries and CDs. Maintain at Sell.

Simon Property Group: Solid Trends Behind This 5.4% Yield

Simon Property's (SPG) Q4 results outshine estimates on higher revenues and occupancy levels.

Simon Property's (SPG) Q4 results reflect a better-than-expected top line. However, this retail REIT provides a lower-than-expected 2024 FFO per share projection.

Simon Property Group, Inc. (SPG) Q4 2023 Earnings Call Transcript

Simon Property Group is leveraging technology to maintain shoppers' visits to on-site stores in the face of growing competition from eCommerce players. The largest mall owner and developer in the U.S. has driven revenue increases, reporting Monday (Feb.

Although the revenue and EPS for Simon Property (SPG) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.69 per share, beating the Zacks Consensus Estimate of $3.34 per share. This compares to FFO of $3.15 per share a year ago.