Summary
SPG Chart
Simon Property Acquires Philips Place in Charlotte to Boost Growth
SPG expands in Charlotte with its acquisition of Phillips Place, aiming to elevate the open-air retail center through new offerings and continued investment.
SPG Launches Simon+ Loyalty Program for Shoppers to Get Rewards
Simon Property rolls out Simon+, a loyalty program that offers cash back and curated rewards for purchases across in-store and online.
Simon Property Group And The Hidden Value In Its Preferred Shares
Simon Property Group offers strong asset coverage and profitability, with a market-adjusted asset yield of 4.18% and a BBB+ credit rating. SPG.PR.J preferred stock currently yields 7.82%, but is not recommended for purchase unless the price falls to $53, boosting yield to call above 5.5%. SPG's OTC bonds yield between 3.5% and 5.5% and are rated A3 by Moody's, but the preferred stock offers a higher yield for a slight credit downgrade.
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Simon Property Group, Inc. Profile
| - Industry | - Sector | David E. Simon CEO | NYSE Exchange | 828806109 CUSIP |
| US Country | 2,600 Employees | 10 Dec 2025 Last Dividend | 12 Nov 2009 Last Split | 13 Dec 1993 IPO Date |
Overview
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.
Products and Services
- Premier Shopping Destinations
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.
- Dining and Entertainment Venues
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.
- Mixed-Use Developments
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.
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