The yield to call on SPG.PR.J is only 1.77%, it is trading above its par value and can be called back in 2027. Despite Simon Property Group's strong fundamentals and credit ratings, the preferred stock is overvalued relative to its potential return. I rate SPG.PR.J a strong sell, as its current valuation offers little upside and significant downside if called at par.
Simon Property Group has seen material stock price volatility this year as the market frets over the possibility of tariffs sparking downstream inflation. The Class A mall REIT is set to pay out 67.3% of its 2025 FFO guidance midpoint as a dividend. The dividend yield sits at 5.15%. Low fixed-rate debt has provided SPG with an incredible backdrop for back-to-back dividend raises since the pandemic. This should continue at a slower pace.
SPG's Q1 results reflect higher revenues supported by high occupancy and a rise in rent per square foot.
![]() 0L6P 2 months ago | Other | $2.1 Per Share |
![]() 0L6P 5 months ago | Other | $2.1 Per Share |
![]() 0L6P 8 months ago | Other | $2.05 Per Share |
![]() 0L6P 11 months ago | Other | $2 Per Share |
![]() 0L6P 7 Mar 2024 | Other | $1.95 Per Share |
4 Aug 2025 (62 Days) Date | | - Cons. EPS | - EPS |
12 May 2025 Date | | - Cons. EPS | 1.16 EPS |
5 May 2025 Date | | - Cons. EPS | - EPS |
3 Feb 2025 Date | | - Cons. EPS | 2.04 EPS |
5 Nov 2024 Date | | - Cons. EPS | - EPS |
![]() 0L6P 2 months ago | Other | $2.1 Per Share |
![]() 0L6P 5 months ago | Other | $2.1 Per Share |
![]() 0L6P 8 months ago | Other | $2.05 Per Share |
![]() 0L6P 11 months ago | Other | $2 Per Share |
![]() 0L6P 7 Mar 2024 | Other | $1.95 Per Share |
4 Aug 2025 (62 Days) Date | | - Cons. EPS | - EPS |
12 May 2025 Date | | - Cons. EPS | 1.16 EPS |
5 May 2025 Date | | - Cons. EPS | - EPS |
3 Feb 2025 Date | | - Cons. EPS | 2.04 EPS |
5 Nov 2024 Date | | - Cons. EPS | - EPS |
REIT - Retail Industry | Real Estate Sector | Mr. David E. Simon CEO | LSE Exchange | US8288061091 ISIN |
US Country | 2,600 Employees | 9 Jun 2025 Last Dividend | 29 May 2014 Last Split | 13 Dec 1993 IPO Date |
Simon Property Group, Inc. is a global leader in the real estate sector, focusing its efforts on the development and management of high-end shopping, dining, entertainment, and mixed-use destinations. As an S&P 100 company listed under the ticker SPG on the New York Stock Exchange, Simon showcases a proven track record of delivering exceptional value and experiences to communities, tenants, and investors alike. The company’s expansive portfolio extends across North America, Europe, and Asia, ensuring its presence as a pivotal part of daily life for millions. Through strategic asset management and development, Simon Property Group generates billions in annual sales, highlighting its significant economic impact and leadership position in the real estate investment trust (REIT) market.
Simon Property Group owns and operates a diverse range of shopping centers, including high-end malls and outlet centers. These properties are designed to offer a comprehensive retail experience, featuring a mix of international brands, department stores, and specialty boutiques. Shoppers can enjoy a variety of dining options, entertainment activities, and seasonal events, making each visit unique.
Understanding the evolving market demand, Simon integrates dining and entertainment options into its destinations. This includes a wide array of restaurants ranging from fast-food outlets to gourmet dining experiences, alongside cinemas, indoor amusement parks, and concert venues. These attractions enhance the overall visitor experience, encouraging longer stays and frequent returns.
To adapt to the changing landscape of real estate and retail, Simon Property Group has ventured into mixed-use developments. These projects combine retail, residential, office, and sometimes hotel components into a single, integrated community. Such developments are designed to meet the growing demand for convenient, accessible living spaces that offer a blend of lifestyle and work-life balance.