Last $172.86 USD
Change Today +0.42 / 0.24%
Volume 1.3M
SPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Key Developments

Simon Property Group Declares Quarterly Common Stock Dividend and Preferred Stock Dividend, Payable on November 28, 2014 and December 31, 2014, Respectively

Simon Property Group declared a quarterly common stock dividend of $1.30 per share. This is a year-over-year increase of 8.3%. The dividend will be payable on November 28, 2014 to stockholders of record on November 14, 2014. The company also declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on December 31, 2014 to stockholders of record on December 17, 2014.

Simon Property Group, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014; Revised Earnings Guidance for the Full Year Ending December 31, 2014

Simon Property Group Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported total revenue of $1,234,694,000, operating income of $607,557,000, income from continuing operations of $296,963,000 or $0.81 per diluted share, net income attributable to common stockholders of $251,968,000 or $0.81 per diluted share, diluted FFO allocable to common stockholders of $589,095,000 or $1.9 per diluted share, compared to the total revenue of $1,146,877,000, operating income of $548,478,000, income from continuing operations of $328,712,000 or $0.89 per diluted share, net income attributable to common stockholders of $311,675,000 or $1 per diluted share, diluted FFO allocable to common stockholders of $687,310,000 or $2.21 per diluted share, for the same quarter a year ago. For the year to date, the company reported total revenue of $3,573,698,000, operating income of $1,730,054,000, income from continuing operations of $1,146,173,000 or $3.14 per diluted share, net income attributable to common stockholders of $1,000,203,000 or $3.22 per diluted share, diluted FFO allocable to common stockholders (g) of $1,999,379,000 or $6.43 per diluted share, compared to the total revenue of $3,292,693,000, operating income of $1,560,900,000, income from continuing operations of $966,457,000 or $2.64 per diluted share, net income attributable to common stockholders of $934,749,000 or $3.01 per diluted share, diluted FFO allocable to common stockholders of $1,978,457,000 or $6.38 per diluted share, for the same period a year ago. The company raised FFO guidance to a range of $8.84 to $8.88 per diluted share for the year ending December 31, 2014, and also raised guidance for net income to a range of $4.45 to $4.49 per diluted share. This represents an increase of $0.15 per diluted share from the midpoint of the range provided on July 23, 2014, after giving effect to the loss on extinguishment of debt from the successful tender offers and redemption.

Simon and Noble Investment Group Announces Joint Venture

Simon and Noble Investment Group announced a joint venture which will bring the acclaimed AC Hotels by Marriott brand to Phipps Plaza. Inspired by the runways and fashion houses of Milan, AC Hotels by Marriott is an upper moderate tier lifestyle brand within the Marriott International Inc. global collection of 18 brands. With 'Feel the City' as its creative inspiration, the brand features simple, clean and crisp lines, marrying sophisticated European style with approachable design for a distinct and modern feel. Located at the intersection of Peachtree Road and Wieuca Road and adjacent to Nordstrom at Phipps Plaza, the AC by Marriott Buckhead will be the brand's first hotel in Atlanta, and is scheduled to open in January 2016. Catering to a wide range of sophisticated travelers, the AC by Marriott Buckhead will offer 166 rooms and suites and a variety of amenities including the AC Lounge, 2,500 square feet of flexible meeting space, the AC Library, health and fitness, an indoor pool and complimentary wireless Internet throughout the hotel.

Simon Property Group Sets Price of Tender Offers for 5 Series of Senior Notes

Simon Property Group reported the pricing of the previously announced cash tender offers made by its majority-owned operating partnership subsidiary, Simon Property Group, for any and all of each of the following series of its senior notes: $500,000,000 outstanding aggregate principal amount of 5.875% Notes due 2017; $650,000,000 outstanding aggregate principal amount of 5.25% Notes due 2016; $400,000,000 outstanding aggregate principal amount of 6.10% Notes due 2016; $600,000,000 outstanding aggregate principal amount of 5.75% Notes due 2015; and $600,000,000 outstanding aggregate principal amount of 5.10% Notes due 2015.

Simon Property Group Opens Montréal Outlet in October and Vancouver Outlet in 2015

Simon Property Group Inc. announced that Montréal outlet opens in October and in Vancouver will open in 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SPG:US $172.86 USD +0.42

SPG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Derwent London PLC 2,897 GBp +8.00
Great Portland Estates PLC 657.50 GBp +2.00
Hammerson PLC 593.00 GBp +0.50
Segro PLC 367.30 GBp +1.90
British Land Co PLC/The 714.00 GBp -5.00
View Industry Companies
 

Industry Analysis

SPG

Industry Average

Valuation SPG Industry Range
No financial data is available for SPG.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SIMON PROPERTY GROUP INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.