SPG Stock Recent News

INDIANAPOLIS, Feb. 4, 2025 /PRNewswire/ -- Simon ®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter and twelve months ended December 31, 2024. "I am extremely pleased with our fourth quarter results, concluding another successful and productive year for our Company," said David Simon, Chairman, Chief Executive Officer and President.

Exclusive partnership between Hologram Media Network and Proto brings cutting-edge 3D holograms to 30 premium locations, redefining interactive advertising Exclusive partnership between Hologram Media Network and Proto brings cutting-edge 3D holograms to 30 premium locations, redefining interactive advertising

The Chilton REIT Strategy, founded by Bruce Garrison, has achieved an annualized total return of +9.3% gross of fees over 20 years. Successful REITs are characterized by strong management, a focused strategy, high insider ownership, and financial strength, as outlined in 'The Ten Commandments of REIT Investing.' Public REITs, with superior balance sheets and access to capital, are well-positioned to outperform private equity alternatives in a higher interest rate environment.

Besides Wall Street's top -and-bottom-line estimates for Simon Property (SPG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

While SPG is poised to benefit from the healthy demand for retail assets, high interest expenses are likely to have acted as a spoilsport.

SPG expands with two luxury outlets acquired from Kering, thereby strengthening its core portfolio.

Press release_Kering and Simon announce the sale of The Mall Luxury Outlets 30 01 25

INDIANAPOLIS and PARIS , Jan. 30, 2025 /PRNewswire/ --Kering and Simon ® today announced the finalization of the sale of 100% of The Mall Luxury Outlets entities held by Kering to Simon, the US real estate investment trust engaged in the ownership of premier shopping, dining, entertainment destinations. The Mall, created in 2001, operates two luxury outlet destinations in Italy, one in Leccio, nearby Florence, and the other in Sanremo, on the Italian riviera.

To expand its bouquet of exquisite premium outlets, SPG plans to develop a third Nashville destination.

The Dividend Harvesting Portfolio has grown to $25,924.57 with a 27.08% return on invested capital and is on track to exceed $2,000 in forward dividend income soon. Recent additions include BP, Verizon, and Blackstone Secured Lending Fund, each chosen for their strong dividend yields and potential for capital appreciation. The portfolio is well-diversified, with individual equities representing 38.44% and generating 27.49% of dividend income, while REITs, ETFs, CEFs, and BDCs make up the rest.