Simon (Properties) Says: Moats Matter (Rating Upgrade)
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: I'm Betting On Robust Growth
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.
Simon Property Group: The Mall Isn't Dead After Strong Earnings And Continued Dividend Increases
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.
Simon Property Group: Digital Ad Campaign Boosts Activity at Malls
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).
Simon Property Q4 FFO Beats Estimates on Higher Revenues
SPG's Q4 results reflect higher revenues supported by high occupancy and a rise in rent per square foot.
Simon Property Group, Inc. (SPG) Q4 2024 Earnings Call Transcript
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.
Simon Property (SPG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Simon Property (SPG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Simon Property (SPG) Beats Q4 FFO and Revenue Estimates
Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.68 per share, beating the Zacks Consensus Estimate of $3.40 per share. This compares to FFO of $3.69 per share a year ago.
Countdown to Simon Property (SPG) Q4 Earnings: Wall Street Forecasts for Key Metrics
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.
What's in Store for Simon Property Stock This Earnings Season?
While SPG is poised to benefit from the healthy demand for retail assets, high interest expenses are likely to have acted as a spoilsport.
Simon Property Announces Conclusion of The Mall Luxury Outlets Buyout
SPG expands with two luxury outlets acquired from Kering, thereby strengthening its core portfolio.
Simon Property Announces Nashville Premium Outlet Development Plan
To expand its bouquet of exquisite premium outlets, SPG plans to develop a third Nashville destination.
