Last $170.76 USD
Change Today +0.12 / 0.07%
Volume 1.7M
SPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

Open
$170.65
Previous Close
$170.64
Day High
$171.14
Day Low
$169.51
52 Week High
05/22/13 - $182.45
52 Week Low
09/5/13 - $142.47
Market Cap
53.7B
Average Volume 10 Days
1.5M
EPS TTM
$4.43
Shares Outstanding
314.3M
EX-Date
05/14/14
P/E TM
38.5x
Dividend
$5.20
Dividend Yield
2.78%
Current Stock Chart for SIMON PROPERTY GROUP INC (SPG)

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simon property group inc (SPG) Details

Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, and management of properties. It primarily invests in regional malls, Premium Outlets, The Mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional offices in Delaware, United States; and New York, New York.

3,400 Employees
Last Reported Date: 02/27/14
Founded in 1960

simon property group inc (SPG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.3M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $800.0K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $515.0K
Senior Executive Vice President and President...
Total Annual Compensation: $750.0K
General Counsel and Secretary
Total Annual Compensation: $566.5K
Compensation as of Fiscal Year 2013.

simon property group inc (SPG) Key Developments

Simon Property Group Boosts Quarterly Dividend Payable on May 30, 2014

Simon Property Group boosted its quarterly common-stock dividend, declaring a payment of $1.30 per share, up $0.05 from the previous quarter. The new dividend will be payable May 30 to stockholders of record May 16.

Simon Property Group Inc. Declares Quarterly Dividends on Common and Preferred Stocks, Payable on May 30, 2014 and June 30, 2014, Respectively

Simon Property Group Inc. announced that the Board of Directors declared a quarterly common stock dividend of $1.30 per share. This is an increase of $0.05 from the previous quarter, and a year-over-year increase of 13%. The dividend will be payable on May 30, 2014 to stockholders of record on May 16, 2014. The company declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on June 30, 2014 to stockholders of record on June 16, 2014.

Simon Property Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Revised Earnings Guidance for the Year Ending December 31, 2014

Simon Property Group Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company's total revenue was $1,314,991,000 compared to $1,215,058,000 a year ago. Operating income was $615,872,000 compared to $557,689,000 a year ago. Net income was $401,103,000 compared to $334,468,000 a year ago. Net income attributable to common stockholders was $341,648,000 or $1.10 per diluted share compared to $283,138,000 or $0.91 per diluted share a year ago. FFO of the operating partnership was $865,333,000 or $2.38 per diluted share compared to $741,888,000 or $2.05 per diluted share a year ago. The company increased its FFO guidance by $0.10 to a range of $9.60 to $9.70 per diluted share for the year ending December 31, 2014, and net income to a range of $4.55 to $4.65 per diluted share. This guidance does not take into consideration any impact from the previously mentioned spin-off of Washington Prime Group. The Company plans to update guidance once the spin-off transaction is completed. The company expects depreciation and amortization including the company's share of unconsolidated entities to be in the range of $5.06 to $5.06.

 

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Industry Analysis

SPG

Industry Average

Valuation SPG Industry Range
Price/Earnings 40.2x
Price/Sales 10.2x
Price/Book 9.1x
Price/Cash Flow 20.3x
TEV/Sales 5.1x
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