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Simon Property Group inc   (SPG)
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Price: $151.9500 $1.18 0.783%
Day's High: $151.325 Week Perf: 0.9 %
Day's Low: $ 150.79 30 Day Perf: 2.67 %
Volume (M): 35 52 Wk High: $ 153.50
Volume (M$): $ 5,291 52 Wk Avg: $121.60
Open: $148.29 52 Wk Low: $100.17



 Market Capitalization (Millions $) 56,886
 Shares Outstanding (Millions) 374
 Employees 3,300
 Revenues (TTM) (Millions $) 5,659
 Net Income (TTM) (Millions $) 2,617
 Cash Flow (TTM) (Millions $) 547
 Capital Exp. (TTM) (Millions $) 793

Simon Property Group Inc
We are engaged primarily in the ownership, operation, leasing, management, acquisition, expansion and development of real estate properties. Our real estate properties consist primarily of regional malls and community shopping centers. We owned or held an interest in 245 income-producing properties in North America, which consisted of 174 regional malls, 67 community shopping centers, and four office and mixed-use properties in 37 states and Canada. Mixed-use properties are properties that include a combination of retail space, office space, and/or hotel components. In addition, we also own interests in three parcels of land held for future development. Finally, we have ownership interests in 47'assets in Europe (France, Italy, Poland and Portugal).

Our primary business objectives are to increase Funds From Operations ("FFO") per share, operating results and the value of our Properties while maintaining a stable balance sheet consistent with our financing policies. We intend to achieve these objectives by:

pursuing a leasing strategy that capitalizes on the desirable location of our Properties;

improving the performance of our Properties by using the economies of scale that result from our size to help control operating costs and by generating additional revenues through merchandising, marketing and promotional activities;

renovating and/or expanding our Properties where appropriate;

developing new shopping centers which meet our economic criteria; and

acquiring additional shopping centers and the portfolios of other retail real estate companies that meet our investment criteria.

We develop and acquire properties to generate both current income and long-term appreciation in value. We do not have a policy limiting the amount or percentage of assets that may be invested in any particular property or type of property or in any geographic area. We may purchase or lease properties for long-term investment or develop, redevelop, and/or sell our Properties, in whole or in part, when circumstances warrant. We participate with other entities in property ownership, through joint ventures or other types of co-ownership. These equity investments may be subject to existing mortgage financing and other indebtedness that have priority over our equity interest.

We may also invest in securities of other entities engaged in real estate activities or securities of other issuers. However, any of these investments would be subject to the percentage ownership limitations and gross income tests necessary for Simon Propertys REIT qualification under the Code. These REIT limitations mean that we cannot make an investment that would cause Simon Propertys real estate assets to be less than 75% of its total assets. In addition, Simon Property must derive at least 75% of its gross income from "rents from real estate" and at least 95% must be derived from rents from real estate, interest, dividends and gains from the sale or disposition of stock or securities.

We plan to achieve our primary business objectives through a variety of methods discussed below, although we cannot assure you that we will achieve such objectives.

Leasing.'We pursue a leasing strategy that includes:

marketing available space to maintain or increase occupancy levels;

renewing existing leases and originating new leases at higher base rents per square foot;

negotiating leases that allow us to recover from our tenants for the majority of our property operating, real estate tax, repairs and maintenance, and advertising

and promotion expenditures; and

executing leases that provide for percentage or overage rents and/or regular or periodic fixed contractual increases in base rents.

Management.'We draw upon our expertise gained through management of a geographically diverse Portfolio, nationally recognized as comprising high quality retail and mixed-use Properties. In doing so, we seek to maximize cash flow through a combination of:

an active merchandising program to maintain our shopping centers as inviting shopping destinations;

efforts to minimize overhead and operating costs which not only benefits our operations but also reduces the costs reimbursed to us from our tenants. A tenants ability to pay rent is affected by the percentage of its sales represented by occupancy costs, which consist of rent and expense recoveries. As sales levels increase, if expenses subject to recovery are controlled, the tenant can afford to pay higher base rent.

coordinated marketing and promotional activities that establish and maintain customer loyalty; and

systematic planning and monitoring of results.

Other Revenues.'Due to our size, tenant and vendor relationships, we also generate revenues from other sources, including:

Simon Brand Venture ("Simon Brand") which obtains revenues from establishing our malls as leading market resource providers for retailers and other businesses and consumer-focused corporate alliances. Simon Brand revenues include payment services, national media contracts, a national beverage contract and other contracts with national companies.

Simon Brand also pursues mall marketing initiatives, including the sale of gift cards. We tested a Simon Visa Gift Card in some of our regional malls in the fall of 2001 and completed the roll-out of our Simon Gift Card program to substantially all our regional malls during 2002 and 2003. The gift card program has replaced our existing paper certificates.

Simon Business Network ("Simon Business") obtains revenues from offering products and property operating services, resulting from its relationships with vendors, to our tenants and others. These services include such items as energy services, facility services, waste handling, vertical transportation, as well as major capital expenditures such as roofing, parking lots and energy systems. The tenant services provided through Simon Business include a national waste management services program, a national total facility service program which includes operational and maintenance services, a national automatic teller machine program, a national security services program, and parking service programs.

Competition

We consider our principal competitors to be seven other major United States or internationally publicly-held, companies that own or operate regional malls in the United States. We also compete with many commercial developers, real estate companies and other owners of retail real estate that operate in our trade areas. Some of our Properties are of the same type and are within the same market area as other competitive properties. The existence of competitive properties could have a material adverse effect on our ability to lease space and on the level of rents we can obtain. This results in competition for both the acquisition of prime sites (including land for development and operating properties) and for tenants to occupy the space that we and our competitors develop and manage. In addition, our malls compete against non-physical based forms of retailing such as catalog companies and e-commerce websites that offer similar retail products.



   Company Address: 225 West Washington Street Indianapolis 46204 IN
   Company Phone Number: 636-1600   Stock Exchange / Ticker: 0 SPG
   


Customers Net Income fell by SPG's Customers Net Profit Margin fell to

-57.23 %

2.68 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVB   -0.7%    
KIM   -1.24%    
MITT   -3.81%    
PNW        1.79% 
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Simon Property Group Inc

SPG Soars: Record-breaking Top-line Growth in Q4 2023

The Real Estate Investment Trusts company, Simon Property Group Inc, has shown significant growth in both its bottom and top-line figures for the financial fourth quarter of 2023. With revenue increasing by 9.111% year on year to $1.53 billion and earnings per share growing by 11.53% to $2.63, investors have reason to be optimistic about the company's performance.
One of the key highlights from the financial results is the increase in net profits, which rose to $859.496 million, an 11.23% improvement from the previous year. This growth in profitability is a strong indicator of the company's ability to generate returns for its shareholders.

Simon Property Group Inc

Simon Property Group Inc Achieves Impressive Revenue Growth of 7.232% in Third Quarter of 2023



The stock market is constantly driven by financial performance and indicators that help investors make informed decisions. In this article, we will delve into the recent fiscal period of Simon Property Group Inc, a leading real estate investment trust (REIT) in the United States, to highlight interesting facts and key takeaways.
Revenue Growth:
Simon Property Group Inc experienced a commendable revenue growth of 7.232% in the most recent fiscal period, reaching $1.41 billion. Comparatively, in the prior year quarter, the revenue stood at $1.32 billion. This growth indicates a positive trend for the company, showcasing its ability to generate more income within a year.

Simon Property Group Inc

Simon Property Group Shatters Expectations with Unexpected Robust Performance in Recent Fiscal Period despite a Slight Dip in Profits

During the past five trading days, Simon Property Group Inc shares experienced a modest improvement of 0.87%, bringing the year-to-date performance to 5.56%. However, the shares still remain 6.8% short of the 52-week high. Let's take a closer look at the recent financial report of Simon Property Group Inc to better understand the company's performance.
In its June 30, 2023 report, Simon Property Group Inc announced an income per share of $1.49 and revenue of $1.35 billion. While the company saw its revenue rise by 7.013% compared to the same period last year, the growth fell short of the 10.17% increase realized by most Real Estate Investment Trusts in the sector. This suggests that Simon Property Group Inc may not be performing as strongly as its peers.

Simon Property Group Inc

Despite Declining Net Income, Simon Property Group Inc Achieves Substantial Growth in Return on Equity (ROE) and Operating Earnings

Simon Property Group Inc (SPG) is a global leader in the real estate investment trust (REIT) industry, with properties located in North America, Europe, and Asia. Despite its prominent position, the company witnessed a significant decline in its net income in the first quarter of 2023, with a decrease of -9.49% from the previous period. However, this did not prevent the company from improving its return on equity (ROE) and operating earnings during the same period.
The company reported a revenue advance of 1.863% in the fiscal year ending March 31, 2023, but this was not enough to prevent income reduction of -21.13%, compared to the same reporting season in the prior year. The revenue amounted to $1.35 billion, while earnings per share (EPS) was at $1.38. This represented a decrease of -16.36% from the previous reporting season's profit of $1.65 per share, while revenue advanced by 2.665% from $1.32 billion.
Despite its lower net income, the company was able to improve its ROE in the first quarter of 2023, with a figure of 61.97%, compared to the industry average of 36.23%. This was a significant outperformance, and only one company in the same industry had a higher ROE than SPG. Additionally, the company's overall ROE ranking improved to 57 from 119, indicating an improved performance in the quarter, overall.
In light of the declining net income, the company shifted its focus to improving sales in the first quarter of 2023, resulting in a net margin that eased to 38.44%. Operating earnings, however, rose 12.04% to $662.723 million, indicating that the company had managed to streamline its operations and reduce costs in some areas.






 

Simon Property Group Inc's Segments
 
 
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Simon Property Group Inc's Operating Statistics Decrease / Increase
       
Premium Outlet Occupancy %   Premium Outlet Occupancy % Decline   
Premium Outlet Average Rent per Sq. Foot $    Premium Outlet Average Rent per Sq. Foot $ Growth   
Premium Outlet Sales per Sq. Foot $    Premium Outlet Sales per Sq. Foot $ Growth   
The Mills Occupancy %    The Mills Occupancy % Growth   
The Mills Average Rent per Sq. Foot $    The Mills Average Rent per Sq. Foot $ Growth   
The Mills Sales per Sq. Foot $    The Mills Sales per Sq. Foot $ Growth   
Community/Lifestyle Occupancy %     
Community/Lifestyle Average Rent per Sq. Foot $     
Community/Lifestyle Sales per Sq. Foot $     




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