Revenue segments as reported by the company.

Lease income

Management fees and other revenues

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Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Property operating

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Simon Property Group

Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q1 2024

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Simon Property Group reports solid Q4 performance amidst challenges

Simon Property Group's Q4 2022 performance reflects steady growth in FFO per share and domestic property NOI, driven by strategic investments and strong retailer sales.
Despite challenges from rising interest rates and inflation, the company remains focused on dividend growth, lease renewals, and portfolio optimization for sustained success.
Opportunities lie in redevelopment projects, lease renewals, and expected NOI contributions from new stores, positioning Simon Property Group for continued growth and profitability.

Simon Property Group exceeds Q1 expectations, eyes growth opportunities

Simon Property Group (SPG) delivered strong Q1 2023 results, showcasing growth in property NOI, leasing activity, and retail sales per square foot, supported by enhanced liquidity and strategic investments.
While facing challenges from currency headwinds and lease dynamics, the company's focus on base rent growth, OPI investments, and mixed-use development positions it well for future growth.
Opportunities lie in expanding mixed-use developments, leveraging OPI investments for EBITDA growth, and capitalizing on strong leasing demand and property NOI growth expectations.
Overall, Simon Property Group's performance, strengths, and opportunities indicate a resilient and forward-looking approach to navigating the evolving real estate landscape.

Simon Property Group posts strong Q2 results amidst retail optimism

Simon Property Group delivered a strong Q2 performance with increased FFO and NOI, supported by robust leasing activity.
While facing challenges from Taubman's lower performance, the company aims to sustain growth and capitalize on retail sales optimism.
Opportunities lie in diversification strategies, sustained NOI growth targets, and managing risks from market uncertainties.
Overall, Simon Property Group's financial outlook remains positive, with a focus on maximizing revenue and shareholder value.

Simon Property Group posts strong Q3 results amidst market challenges

Simon Property Group delivered a strong Q3 performance with robust financial results and operational metrics, showcasing resilience and strategic decision-making.
Despite facing challenges related to interest rates, leasing dynamics, and retail market uncertainties, SPG remains proactive in addressing these issues and exploring growth opportunities.
The company's focus on asset optimization, leasing activity, and financial prudence positions it well to navigate market headwinds and capitalize on future opportunities for growth.
Investors should monitor SPG's continued leasing momentum, asset sales strategy, and response to evolving market conditions to assess its long-term performance and value creation.

Simon Property Group posts robust Q4 results and strategic growth outlook

SPG's Q4 2023 earnings call showcased strong financial performance, strategic focus on growth, and operational resilience.
The company's emphasis on portfolio management, value creation, and shareholder returns positions it well for sustained success.
While facing challenges with select retailers and operational efficiencies, SPG's liquidity, dividend increase, and growth outlook offer a positive outlook for investors.

Simon Property Group surpasses Q1 earnings targets amidst industry challenges

Simon Property Group (SPG) delivered strong Q1 results exceeding expectations, showcasing resilience in its operations and strategic investments.
While facing challenges from restructuring charges and macroeconomic uncertainties, SPG leverages its expertise to navigate through industry pressures.
The company's focus on capital recycling, stock buybacks, and strategic investments highlights its commitment to maximizing shareholder value and growth.

Simon Property Group posts robust Q2 results, raises full-year guidance

SPG's Q2 performance reflects resilience, operational strength, and strategic agility amidst market challenges and uncertainties.
The company's financial discipline, portfolio diversification, and shareholder-friendly initiatives position it well for sustained growth and value creation.
By addressing challenges, leveraging opportunities, and maintaining a focus on innovation, SPG aims to drive long-term success and shareholder value.

Simon Property Group reports resilient Q3 performance amidst evolving retail landscape

Simon Property Group (SPG) delivered a solid performance in Q3 2024, marked by strong financial metrics, strategic expansions, and a focus on enhancing customer experience.
While facing challenges in certain segments, SPG remains resilient through financial maneuvers and a commitment to rewarding shareholders, positioning itself for long-term success.
With opportunities in market expansion, strategic initiatives, and addressing changing consumer behaviors, SPG is poised to navigate challenges and drive growth in the dynamic retail landscape.

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Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and the Mills. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in 1993 and is headquartered in Indianapolis, IN.

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.

Simon Property Group Raises Its Dividend Again And Flexes Its Muscles In Q2

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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.

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

Simon Property (SPG) Q2 FFO Miss Estimates, Revenues Rise Y/Y

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

Simon Property (SPG) Q2 FFO Lags, Dividend & '24 Outlook Raised

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 Remains Optimistic About Consumer Spending in Retail

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.

Simon Property Group, Inc. (SPG) Q2 2024 Earnings Call Transcript

The headline numbers for Simon Property (SPG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Simon Property (SPG) Reports Q2 Earnings: What Key Metrics Have to Say

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.90 per share, missing the Zacks Consensus Estimate of $2.93 per share. This compares to FFO of $2.88 per share a year ago.

Simon Property (SPG) Misses Q2 FFO Estimates

Simon Property Group lowered annual forecast for net income and missed second-quarter estimates for funds from operations (FFO) on Monday.

Simon Property Group lowers annual forecast for net income, misses second-quarter FFO

INDIANAPOLIS , Aug. 5, 2024 /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 ended June 30, 2024. "We are pleased with our financial and operational performance in the second quarter," said David Simon, Chairman, Chief Executive Officer and President.

Simon® Reports Second Quarter 2024 Results, Increases Full Year 2024 Guidance and Raises Quarterly Dividend

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Real Estate Investment Trusts (REITs) are underperforming the market this year as concerns about the economy and interest rate remain. The closely watched iShares Global REIT ETF (REET) stock has risen by just 2.4% while the Vanguard Real Estate Index Fund (VNQ) is up by just 3.30%.

REIT stocks analysis: Realty Income, Simon Property, Starwood

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While Simon Property (SPG) is poised to benefit from a healthy retail real estate market and efforts to support omnichannel retailing, high interest rates are likely to have acted as a spoilsport.

What's in Store for Simon Property (SPG) This Earnings Season?

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With the REIT industry offering a real estate structure for several economic activities - real or virtual - there are pockets of strength. This is likely to be reflected in the earnings releases of SPG, APLE and AHH.

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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Simon Property (SPG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Seeking Clues to Simon Property (SPG) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts have a bullish rating on SPG stock. I think such a rating substantially underestimates the underlying risks. SPG's generous dividends are a main draw here and have been a key source of its total return.

Simon Property Group: Wall Street Ratings Underestimate Risks

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My last article on Simon Property Group was issued in March 2020. The thesis was bullish and the returns have reached 280%. While I continue to hold SPG in my portfolio, I do not think that it is a sound idea to carry a notable exposure in this REIT.

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

News for Simon Property Group Stock (SPG)