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Last $181.40 USD
Change Today -2.42 / -1.32%
Volume 2.5M
SPG On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

Open
$184.13
Previous Close
$183.82
Day High
$184.57
Day Low
$180.76
52 Week High
01/28/15 - $206.31
52 Week Low
09/26/14 - $162.43
Market Cap
56.5B
Average Volume 10 Days
1.1M
EPS TTM
$4.83
Shares Outstanding
311.3M
EX-Date
05/13/15
P/E TM
37.5x
Dividend
$6.00
Dividend Yield
3.03%
Current Stock Chart for SIMON PROPERTY GROUP INC (SPG)

simon property group inc (SPG) Related Businessweek News

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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, management, and development of properties. It primarily invests in regional malls, premium outlets, 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 office in New York, New York.

3,400 Employees
Last Reported Date: 02/27/15
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 Executive Vice Pr...
Total Annual Compensation: $450.0K
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 2014.

simon property group inc (SPG) Key Developments

Simon Property Group Inc. Declares Quarterly Common Stock Dividend, Payable on May 29, 2015

Simon Property Group Inc.'s board declared a quarterly common stock dividend of $1.50 per share, up $0.10, or 7.1%, from the previous quarter. The dividend will be payable on May 29 to stockholders of record on May 15.

Simon Property Group Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year 2015

Simon Property Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company net income attributable to common stockholders was $362.2 million, or $1.16 per diluted share, as compared to $341.6 million, or $1.10 per diluted share, in the prior year period. On a comparable basis, net income per diluted share was $1.16 in the first quarter of 2015 as compared to $0.99 in the first quarter of 2014. Funds from operations were $830.7 million, or $2.28 per diluted share, as compared to $865.3 million, or $2.38 per diluted share, in the prior year period. On a comparable basis, FFO per diluted share was $2.28 in the first quarter of 2015 as compared to $2.14 in the first quarter of 2014. Total revenue was $1,216,235,000 compared to $1,157,022,000 a year ago. Operating income was $599,171,000 compared to $560,965,000 a year ago. Consolidated income from continuing operations was $425,508,000 compared to $359,601,000 a year ago. The company is raising both the low and high ends of its previously provided full year 2015 FFO range by $0.05 and currently estimates a range of $9.65 to $9.75 per diluted share for the year ending December 31, 2015, with net income to be within a range of $5.10 to $5.20 per diluted share.

Simon Property Group Inc. Announces the Expansion Plan of Shisui Premium Outlets, in Partnership with Mitsubishi Estate Co., Ltd

Simon Property Group Inc. has announced the expansion plan of Shisui Premium Outlets, in partnership with Mitsubishi Estate Co., Ltd. Shisui Premium Outlets initially opened only two years ago, in April, 2013. This first phase of the project opened 100% leased with 121 stores featuring a mix of international brands, Japanese brands and restaurants. The shopping center is located approximately 40 miles from the center of Tokyo and just 15 minutes from Narita International Airport, Japan's international hub airport. The second phase, opening today, adds 62 new stores, including four restaurants, bringing the total store count to 183. The expansion adds 136,000 square feet of stores bringing the total project to 375,000 square feet. Nine brands will open their first outlet stores in Japan including casual outdoors brand Chums, popular for its refined, colorful designs; daily wear brand Traditional Weatherwear, offering a rich selection of basic items by British Mackintosh; and Swedish-born Nudie Jeans.

 

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