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) Snapshot

Open
$172.80
Previous Close
$172.44
Day High
$173.95
Day Low
$171.87
52 Week High
10/24/14 - $173.95
52 Week Low
11/13/13 - $138.69
Market Cap
53.7B
Average Volume 10 Days
1.7M
EPS TTM
$4.75
Shares Outstanding
310.8M
EX-Date
11/12/14
P/E TM
36.4x
Dividend
$5.20
Dividend Yield
2.92%
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 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.

 

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