Simon Property(SPG)
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Simon® to Present at Citi's 2026 Global Property CEO Conference
Prnewswire· 2026-02-26 21:05
Simon® to Present at Citi's 2026 Global Property CEO Conference [Accessibility Statement] Skip NavigationINDIANAPOLIS, Feb. 26, 2026 /PRNewswire/ -- [Simon]®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at Citi's 2026 Global Property CEO Conference on Tuesday, March 3, 2026 at 3:35 p.m. Eastern Time.A live audio webcast of the presentation will be accessible from the Investors sec ...
Simon Property(SPG) - 2025 Q4 - Annual Report
2026-02-25 13:27
Property Ownership and Acquisitions - As of December 31, 2025, Simon Property Group owned or held interests in 212 income-producing properties in the U.S., including 108 malls and 70 Premium Outlets[27]. - Simon Property Group acquired the remaining 12% interest in The Taubman Realty Group on October 31, 2025, completing the TRG Acquisition[28]. - The company holds a 22.2% equity stake in Klépierre SA, a publicly traded real estate company in Europe[27]. - Simon increased its ownership interest in TRG from 80% to 100% by issuing a total of 8,278,193 units in the Operating Partnership[56]. - The company owns interests in 110 income-producing properties with other parties, of which 22 properties are included in its consolidated financial statements[131]. - The company has a 100% interest in two luxury outlet destinations in Italy, The Mall Luxury Outlets Firenze and The Mall Luxury Outlets Sanremo[200]. - The company has significant lease expirations scheduled through 2036, with 680 leases expiring, covering 3,408,311 square feet, and an average base minimum rent of $69.85 per square foot, contributing 2.9% to annual rental revenues[195]. Financial Structure and Debt - The Operating Partnership has a $5.0 billion unsecured revolving credit facility and a $3.5 billion supplemental unsecured revolving credit facility, with covenants limiting total debt to 65% of total assets[33]. - The Credit Facility can be increased by up to $1.0 billion, bringing the total to $6.0 billion, with an initial maturity date of June 30, 2027[36]. - Borrowings under the Credit Facility bear interest based on the corporate credit rating, currently at SOFR plus 70.0 basis points[37]. - The Supplemental Facility's initial borrowing capacity of $3.5 billion may be increased to $4.5 billion, with an initial maturity date of January 31, 2029[38]. - As of December 31, 2025, the company's consolidated mortgages and unsecured indebtedness totaled $28.6 billion, which significantly limits cash flow available for business growth[123]. - The total amount of unsecured notes is $8,250,000,000, with various maturities and interest rates ranging from 1.13% to 6.98%[223]. - The interest rate for the Revolving Credit Facility is 4.12% with a face value of $460,000,000 and annual debt service of $18,973,000, maturing on 06/30/28[223]. Operational Performance and Risks - The retail real estate industry is highly competitive, with Simon facing competition from various merchandise distribution channels and internet retailing[49]. - The company faces risks from tenant bankruptcies, vacant spaces, and competition from e-commerce, which could materially affect its operations[71]. - The company derives a significant portion of its lease income from overage rents based on tenant sales, making it vulnerable to declines in tenant performance[74]. - Macroeconomic conditions, including inflation and geopolitical events, could adversely impact consumer spending and retail demand[75]. - The company may experience difficulties in leasing new or redeveloped properties, affecting occupancy levels and rental rates[82]. - Increased competition from e-commerce and changing consumer preferences could negatively impact physical retail operations[84]. - Tenant bankruptcies could lead to lease terminations, impacting rental income and necessitating costly re-tenanting efforts[79]. Sustainability and Environmental Impact - Simon Property Group aims to reduce scope 1 and scope 2 greenhouse gas emissions by 68% from a 2019 baseline by 2035[213]. - The company has achieved a 20% reduction in water usage from a 2013 baseline and set a new target to reduce water for comparable centers by 15% by 2030, with a base year of 2022[214]. - The Governance and Nominating Committee of the Board oversees sustainability policies, while the Audit Committee manages annual disclosures of sustainability programs[215]. - Simon Property Group was awarded a Green Star rating for sustainability performance from 2014 to 2025[216]. Cybersecurity and Regulatory Compliance - The company has developed a cybersecurity risk management program to protect critical systems and information, integrating it with the overall enterprise risk management program[151]. - The Audit Committee oversees the cybersecurity risk management program and receives regular updates on cybersecurity risks and incidents[152]. - The company has not identified any known cybersecurity threats that have materially affected its operations or financial condition[151]. - The regulatory environment surrounding information security and privacy is increasingly demanding, with potential for governmental investigations and penalties[143]. Tenant and Lease Information - As of December 31, 2025, there are 3,156 leases expiring in U.S. malls and Premium Outlets, covering 10,840,848 square feet, with an average base minimum rent of $55.63 per square foot, contributing 8.7% to annual rental revenues[195]. - The inline stores and freestanding month-to-month leases total 957, covering 3,221,378 square feet, with an average base minimum rent of $63.60 per square foot, accounting for 3.0% of annual rental revenues[195]. - The average base minimum rent for leases expiring in 2030 is $75.60 per square foot, representing 7.1% of annual rental revenues[195]. International Operations - International activities accounted for approximately 2.3% of consolidated net income and 9.7% of net operating income (NOI) for the year ended December 31, 2025[146]. - The company holds a 50% interest in five operating joint venture properties in South Korea, with similar stakes in properties across Japan, Mexico, Malaysia, Thailand, Indonesia, and Canada[201]. - The total gross leasable area for the international properties is summarized in the property tables, which do not include equity investment in Klépierre[202]. - The ten Japanese Premium Outlets comprise over 3.9 million square feet of GLA and were 99.9% leased as of December 31, 2025[201].
Real Estate Stocks Rise: Realty Income (O) & Simon Property (SPG) Lead Last Week's Winners
247Wallst· 2026-02-23 19:06
Real Estate Stocks Rise: Realty Income (O) & Simon Property (SPG) Lead Last Week's Winners - 24/7 Wall St. [S&P 5006,841.10 -1.05%][Dow Jones48,851.20 -1.58%][Nasdaq 10024,692.40 -1.34%][Russell 20002,617.90 -1.79%][FTSE 10010,686.00 -0.46%][Nikkei 22556,818.00 -0.53%][Stock Market Live February 23, 2026: S&P 500 (SPY) Tried to Shrug Off Tariff Uncertainty][Investing]# Real Estate Stocks Rise: Realty Income (O) & Simon Property (SPG) Lead Last Week's Winners### Quick ReadSimon Property Group (SPG) and Realt ...
Real Estate Stocks Rise: Realty Income (O) & Simon Property (SPG) Lead Last Week’s Winners
Yahoo Finance· 2026-02-23 19:06
Quick Read Simon Property Group (SPG) and Realty Income (O) were two of the standout performers in the real estate sector last week. Both stocks gained around 1.8%. Realty Income rose 19% year-to-date as the 10-year Treasury yield stabilized at 4.08% from its 4.58% peak. Simon’s has returned a little more than 9% year-to-date. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Markets have started the w ...
Simon Property Group Announces David Simon's Resignation from Klépierre Supervisory Board
Prnewswire· 2026-02-20 14:29
Simon Property Group Announces David Simon's Resignation from Klépierre Supervisory Board [Accessibility Statement] Skip NavigationINDIANAPOLIS, Feb. 20, 2026 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that David Simon has resigned from the Klépierre S.A. Supervisory Board effective February 19, 2026.About Simon [Simon]® is a real estate investment trust engaged in the ownership of pre ...
Saks Global faces more rent disputes amid bankruptcy
Yahoo Finance· 2026-02-18 12:08
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. A group of mall landlords on Tuesday asked the U.S. Bankruptcy Court for the Southern District of Texas to modify a financing agreement to ensure that Saks Global makes good on what they say is unpaid rent. Aventura Fashion Island, Brixmor Park Shore and GGP Retail (formerly Brookfield) are among the mall landlords demanding “the immediate payment of rent” for the ...
Simon Property Group: Firing On All Cylinders, But Strong Performance Looks Priced In Already
Seeking Alpha· 2026-02-18 12:00
Simon Property Group ( SPG ) has long been one of my favorite REITs. This has been despite the idea that malls are dead. For the last several years, REITs have also been considered dead money.Formerly known as "The Dividend Collectuh." Top 1% of financial experts on TipRanks. Contributing analyst to the iREIT+Hoya Capital investment group. Dividend Collection Agency is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educa ...
Viva Gold Commences Technical Study at its Tonopah Gold Project in Nevada
Thenewswire· 2026-02-18 12:00
VANCOUVER, BC – TheNewswire - February 18, 2026 – Viva Gold Corp (TSXV: VAU; OTCQB: VAUCF) (the “Company” or “Viva”) is pleased to report that it has commenced a comprehensive Technical Study for its 100%-owned Tonopah Gold Project (“Tonopah,” or “Project”) located near the town of Tonopah, Nevada. The study is expected to be completed to a Pre-Feasibility (“PFS”) level, with certain components of the study anticipated to meet Feasibility-level standards. Advancing Tonopah into this next phase represents ...
Warren Buffett Just Left His Final Clues for Investors. What Berkshire's Stock Moves Say.
Barrons· 2026-02-18 11:58
Buffett may have departed the stage at the end last year but he's still giving investors plenty of direction from the wings. ...
Simon Property Stock: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2026-02-16 18:53
Indianapolis, Indiana-based Simon Property Group, Inc. (SPG) is a leading publicly traded real estate investment trust in the United States, engaged in acquiring, owning, and leasing shopping, dining, entertainment, and mixed-use destinations. The company has a market capitalization of $64.3 billion and owns or has an interest in 229 properties totaling 183 million square feet across North America, Asia, and Europe. Shares of the company have lagged behind the broader market over the past year, but have ...