TABLE OF CONTENTS SIMON PROPERTY GROUPEARNINGS RELEASE & SUPPLEMENTAL INFORMATION UNAUDITED SECOND QUARTER TABLE OF CONTENTS TABLE OF CONTENTS EARNINGS RELEASE AND SUPPLEMENTAL INFORMATION | --- | --- | |-------------------------------------|-------| | FOR THE QUARTER ENDED JUNE 30, 2024 | PAGE | | (1)Earnings Release | 2−11 | | --- | --- | |----------------------------------------------------------------------------------|-------| | Overview | 12 | | The Company | 12 | | Stock Information, Credit Ratings a ...

In its upcoming report, Simon Property (SPG) is predicted by Wall Street analysts to post quarterly earnings of $2.92 per share, reflecting an increase of 1.4% compared to the same period last year. Revenues are forecasted to be $1.43 billion, representing a year-over-year increase of 4.4%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections duri ...

Giulio Fornasar/iStock via Getty Images SPG Stock: I used to like it too Wall Street analysts are currently bullish on Simon Property Group (NYSE:SPG). More specifically, the chart below summarizes the current sentiment on SPG stock from Wall Street. As seen, SPG stock currently receives a solid buy rating (with an average rating of 3.66). In the last 90 days, 18 Wall Street analysts have weighed in on the stock, with 5 strong buy ratings, 2 buy ratings, 11 hold ratings, and no sell or strong sell ratin ...

Core Viewpoint - Simon Property Group (SPG) has shown strong total return performance since the last analysis in March 2020, significantly outperforming the overall REIT market [1] - The company has nearly restored its pre-pandemic dividend level, with the current quarterly dividend at $2.0 per share, yielding 5.4% [2] - Despite the positive performance, there is caution regarding future return prospects due to SPG's share price divergence from the overall REIT index [2] Valuation Metrics - SPG currently trades at a P/FFO of 12.3x, which is relatively high compared to other retail-focused REITs, with Macerich Company (MAC) at 9.2x [3] - The P/FCF metrics indicate that SPG's valuation is in line with pre-pandemic levels, and the dividend yield is also similar to pre-pandemic figures [3] Interest Rate Impact - Higher interest rates are expected to create a discount for SPG compared to pre-pandemic valuations, affecting property valuations and FFO generation [5] - SPG's business model, focusing on high-income consumers and trophy-like malls, helps mitigate risks associated with rising borrowing costs [5] - Approximately 97% of SPG's borrowings are fixed, with a well-laddered maturity profile, reducing immediate refinancing risks [5] Financial Performance - SPG has achieved an ~11% CAGR in FFO over the past three years, but FFO is nearly flat when compared to 2019 levels [6] - Analyst consensus estimates indicate almost no growth in FFO for 2025-2026, suggesting potential challenges in shareholder wealth creation when adjusted for inflation [6] Business Model Strength - SPG's business model is robust, designed to de-risk cash flows from declining consumer spending in lower-income brackets [7] - The capital structure is strong, with a gradual reduction in overall indebtedness since 2020, and a TTM FFO payout level of ~57% provides additional safety [7] Investment Recommendation - While SPG is viewed as a predictable dividend stock, it is not recommended to assume a massive exposure due to current multiples being similar to pre-COVID levels and subdued FFO growth projections [8] - The recommendation is to hold Simon Property Group [8]

INDIANAPOLIS, July 11, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its second quarter earnings release and conference call. Simon's financial and operational results for the quarter ending June 30, 2024, will be released after the market close on August 5, 2024.  The Company will host its quarterly earnings conference call and an audio webcast on August 5 from 5:00 p.m. ...

Simon Property (SPG) and bp’s global EV charging business, bp pulse joined hands for the installation and operation of more than 900 ultra-fast EV chargers at 75 sites in the United States. The move will benefit Simon in expanding its EV charging options across its portfolio and lure more shoppers.The first location with chargers from bp pulse will be made open to the public in early 2026 and support vehicles from nearly all EV makers. The Simon portfolio aligns with bp pulse’s strategy to deploy ultra-fast ...

Ultra-fast bp pulse Gigahubs to be rolled out at 75 Simon® locations, adding over 900 charging bays across the US.bp pulse continues to leverage its leading global network and expertise to pursue disciplined growth in key markets like the US.HOUSTON, July 10, 2024 /PRNewswire/ -- Today, bp (NYSE: bp) announced a deal for bp's global EV charging business, bp pulse, to install and operate EV charging Gigahubs on 75 sites with Simon (Simon Property Group, NYSE: SPG), a real estate investment trust engaged in t ...

jetcityimage The decline in interest rates that has fueled an interest in REITs like Simon Property Group, Inc. (NYSE:SPG). But that trend, in general, has paused. That pause will likely continue until the Federal Reserve feels comfortable resuming the downtrend. For the rest of the current fiscal year, that appears to be unlikely. Therefore, the stock may be caught in a relative trading range for at least the rest of the year and maybe longer. Lastly, the first quarter was off to a great comparison an ...

Core Insights - CAMP and Simon have formed a strategic partnership to enhance family-oriented retail experiences across the U.S. [1][4] - CAMP has been creating immersive retail experiences since 2018, with notable collaborations such as Bluey x CAMP and Encanto x CAMP [1][6] - The partnership aims to expand CAMP's unique shop-and-play model to more locations, enhancing the "retailtainment" landscape [5] Company Overview - CAMP operates seven locations in major cities including Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and Washington, D.C. [2][6] - The Boston location at Simon's Burlington Mall opened in 2022 and has been successful in attracting families [2] - CAMP's experiences are designed to engage both children and adults through a combination of play, product, and performance [1][6] Expansion Plans - Two new CAMP locations will open at Simon centers: King of Prussia in 2024 and The Galleria in Houston in early 2025, each exceeding 10,000 square feet [3] - These new locations will feature rotating immersive shows behind CAMP's signature Magic Door, reinforcing the commitment to family experiences [3][5] Investment and Growth - CAMP's existing investors have made additional equity investments to support the company's growth in partnership with Simon [5] - The collaboration is expected to accelerate CAMP's ability to deliver engaging experiences to families nationwide [5] Strategic Vision - CAMP's CEO emphasized the vision of creating an alternative family retail experience in collaboration with Simon, which is focused on innovative shopping experiences [4] - Simon aims to curate new experiences like CAMP to enhance shopping, dining, and entertainment for families [4][7]

PHOENIX will Operate DTC Commerce in the U.S.A. for Express & BonobosNEW YORK, June 14, 2024 /PRNewswire/ -- WHP Global, in collaboration with an affiliate of Simon Property Group ("Simon"), Brookfield Properties ("Brookfield"), and Centennial Real Estate ("Centennial"), announce the formation of PHOENIX, a new retail operating platform, which received court approval to acquire a majority of Express, Inc. operations. Upon closing, PHOENIX will operate all direct-to-consumer (DTC) commerce in the U.S.A. for ...