Last $168.97 USD
Change Today -2.34 / -1.37%
Volume 1.1M
SPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

Open
$170.69
Previous Close
$171.31
Day High
$171.11
Day Low
$168.55
52 Week High
07/23/14 - $172.72
52 Week Low
09/5/13 - $133.96
Market Cap
52.5B
Average Volume 10 Days
1.2M
EPS TTM
$4.67
Shares Outstanding
310.7M
EX-Date
08/13/14
P/E TM
36.2x
Dividend
$5.20
Dividend Yield
2.90%
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 Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year Ending December 31, 2014

Simon Property Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Funds from Operations was $783.8 million, or $2.16 per diluted share, as compared to $766.3 million, or $2.11 per diluted share, in the prior year period. Net income attributable to common stockholders was $406.6 million, or $1.31 per diluted share, as compared to $339.9 million, or $1.10 per diluted share, in the prior year period. Total revenue was $1,181,982,000 against $1,084,993,000 a year ago. Operating income was $561,531,000 against $509,939,000 a year ago. Consolidated income from continuing operations was $489,609,000 against $359,129,000 a year ago. Funds from Operations was $1.649 billion, or $4.54 per diluted share, as compared to $1.508 billion, or $4.16 per diluted share, in the prior year period. Net income attributable to common stockholders was $748.2 million, or $2.41 per diluted share, as compared to $623.1 million, or $2.01 per diluted share, in the prior year period. Total revenue was $2,339,004,000 against $2,145,816,000 a year ago. Operating income was $1,122,496,000 against $1,012,422,000 a year ago. Consolidated income from continuing operations was $849,210,000 against $637,744,000 a year ago. The company increased FFO guidance provided on May 29, 2014 by $0.05 to a range of $9.01 to $9.11 per diluted share for the year ending December 31, 2014, and also increased guidance for net income to a range of $4.61 to $4.71 per diluted share. For the year ending December 31, 2014, estimated net income available to common stockholders per diluted share of $4.61 to $4.71 and depreciation and amortization including Simon's share of unconsolidated entities of $4.78.

Simon Property Group Inc. Declares Quarterly Common Stock Dividend, Payable on August 29, 2014 and Declares Quarterly Dividend on 8 3/8% Series J Cumulative Redeemable Preferred Stock, Payable on September 30, 2014

Simon Property Group Inc. announced that the board of directors declared a quarterly common stock dividend of $1.30 per share. This is a year-over-year increase of 13%. The dividend will be payable on August 29, 2014 to stockholders of record on August 15, 2014. The company's board of directors also declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on September 30, 2014 to stockholders of record on September 16, 2014.

Simon Appoints Stephen Yalof as Chief Executive Officer of Premium Outlets and Senior Executive Vice President

Simon announced that retail and real estate executive Stephen Yalof will be joining the company as Chief Executive Officer of Premium Outlets and Senior Executive Vice President of Simon. Yalof has served as Senior Vice President of Real Estate for Ralph Lauren Corporation since 2002. His fifteen years of experience within the retail industry also includes his role as Senior Director of Real Estate for Gap. Yalof began his career in real estate under the leadership of Arnold Labich at New Plan Realty Trust, and became vice president of leasing for their factory outlet business.

 

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SPG Competitors

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Company Last Change
Derwent London PLC 2,729 GBp -4.00
Great Portland Estates PLC 650.50 GBp +1.50
Hammerson PLC 596.50 GBp +1.00
Segro PLC 361.20 GBp -1.40
British Land Co PLC/The 718.50 GBp +1.50
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Industry Analysis

SPG

Industry Average

Valuation SPG Industry Range
Price/Earnings 34.8x
Price/Sales 9.8x
Price/Book 10.1x
Price/Cash Flow 19.3x
TEV/Sales 5.3x
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