Last $170.03 USD
Change Today +1.05 / 0.62%
Volume 1.6M
SPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

Open
$169.60
Previous Close
$168.98
Day High
$170.43
Day Low
$168.98
52 Week High
07/23/14 - $172.72
52 Week Low
09/5/13 - $133.96
Market Cap
52.8B
Average Volume 10 Days
956.0K
EPS TTM
$4.67
Shares Outstanding
310.8M
EX-Date
08/13/14
P/E TM
36.4x
Dividend
$5.20
Dividend Yield
2.97%
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 Breaks Ground on Gloucester Premium Outlets in Joint Venture with PREIT-Rubin, Inc

Simon broke ground on Gloucester Premium Outlets in Gloucester Township, N.J. The multi-million dollar project will bring a diverse mix of more than 80 retailers delivering great brands at great prices. Opening in the summer of 2015, Gloucester Premium Outlets is destined to become Southern New Jersey's premier outlet shopping destination, featuring designer and name brands at savings of 25% to 65%. With the center's proximity to both the Atlantic City Expressway and the Black Horse Pike, Gloucester Premium Outlets will be a draw to the local area as well as a tourist attraction, bringing in shoppers from Pennsylvania, North and Central New Jersey, and beyond. Gloucester Premium Outlets will offer a mix of product categories including apparel and shoes, fashion accessories, leather goods, home furnishings, and specialty. Additional amenities include a Food Pavilion with multiple dining options, an outdoor lounge area, lush landscaping, and significant green space to host community events such as musical performances, charity events and children's activities. Gloucester Premium Outlets is a joint venture between Simon and PREIT-Rubin, Inc. and will be developed and managed by Simon. The outlets will be located at the intersection of Robert Kelly Drive and Cooper Road in Blackwood (Gloucester Township), N.J. Gloucester will complement the other Simon Premium Outlets located in Limerick, Pennsylvania, sharing the greater Philadelphia market.

Simon opens Charlotte Premium Outlets at Charlotte Area

Simon announced that it has opened Charlotte Premium Outlets(R), bringing the recognized and popular brand of upscale outlet shopping to the Charlotte area. Featuring high-quality designer and name brands, the center brings 100 outlet stores offering everyday savings at 25% to 65%. There are many new outlet stores unique to the Charlotte area including: ASICS Outlet, Chico's, Cole Haan, Converse, Fossil, Johnston & Murphy, Jos. A. Bank, Kate Spade New York, Le Creuset, Movado Company Store, Puma, Quiksilver, Steve Madden, Swarovski, Tilly's and White House Black Market. Charlotte Premium Outlets is a joint venture of Simon and Tanger Factory Outlet Centers. The center is located at the northwest quadrants of Interstate-485 and Steele Creek Road/NC-160 (Exit 4) in Charlotte and is 398,421 square feet.

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.

 

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Industry Analysis

SPG

Industry Average

Valuation SPG Industry Range
Price/Earnings 35.0x
Price/Sales 9.9x
Price/Book 10.2x
Price/Cash Flow 19.2x
TEV/Sales 5.3x
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