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Last $184.32 USD
Change Today -1.41 / -0.76%
Volume 1.4M
SPG On Other Exchanges
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

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01/28/15 - $206.31
52 Week Low
09/26/14 - $162.43
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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's Chicago Premium Outlets® Opens an Additional 250,000 Square Feet of Outdoor Shopping Space

Simon announced that its Chicago Premium Outlets® opened an additional 250,000 square feet of outdoor shopping space, significantly increasing the footprint of one of the country's iconic outlet centers. New stores as well as popular existing brands expanded their presence at Chicagoland's large and most successful outlet center. Coach, Cole Haan, Guess Factory Store, Michael Kors, Nike Factory Store, Skechers, Under Armour, and Vera Bradley have all increased their space at Chicago Premium Outlets to meet customer demand. The new section of the center includes fire places, art installations and a feature pond, along with the addition of 2,200 parking spaces and new amenities. Concurrently with the expansion, the first phase is undergoing a complete renovation including an updated Food Court, new pedestrian walkways, landscaping, lighting, seating, and signage. Additional stores, including the region's first Wellensteyn Outlet, Corning Corelle & More, Coty, Finish Line, Harry & David, Movado Company Store, Sperry Top-Sider, and an expanded J. Crew, are slated to open during the fourth quarter, in time for the holiday shopping season.

Simon Announces Plan to Build Hartford Premium Outlets

Simon announced it submitted earlier this month an application for Rezoning with the Town of Windsor Locks (CT) Planning and Zoning Commission, beginning its development activities on Hartford Premium Outlets. Hartford Premium Outlets will be located near the intersection of Route 20 and I-91 on Old Country Road. Phase One of the value shopping landmark will consist of 350,000 square feet of retail space, a Market Hall complete with a variety of dining options, and two notable restaurants on the property's perimeter. The architectural style of the center will be inspired by Classic Colonial and Connecticut rural architecture, so that the village-like setting will be reminiscent of a Windsor Locks community. The project is anticipated to begin construction in fall 2016 with a Grand Opening to occur 13 months after construction start.

Simon Announces Opening of Gloucester Premium Outlets® and Expansion of San Francisco Premium Outlets

Simon continues to expand its Premium Outlets platform with the opening of one new center and the expansion of an existing center. Gloucester Premium Outlets®, serving the South New Jersey and Greater Philadelphia areas, opened with a ribbon cutting ceremony attended by local dignitaries and Simon executives. Featuring designer and lifestyle brands offering 25 to 65% savings every day, this highly-anticipated 376,000 square foot shopping center will be home to many sought-after names including Armani Outlet, Banana Republic Factory Store, Calvin Klein, Cole Haan, Columbia Sportswear, Lucky Brand, Nike Factory Store, Puma, Tommy Hilfiger, Under Armour and Vera Bradley. The single-level, outdoor village-style shopping center features a racetrack design for easy access between stores. Visitors who want to relax and enjoy something to eat can access the beautiful Market Hall complete with a variety of dining options, indoor and outdoor seating, a media center with flat screen televisions and free Wi-Fi. Also the very successful San Francisco Premium Outlets opened its 185,000 square foot expansion featuring 30 new tenants with an additional 20 stores to open over the next few weeks. San Francisco Premium Outlets is now the large outlet center in California. Located in the affluent East Bay area of northern California, San Francisco Premium Outlets opened in 2012 and has quickly become the premiere shopping destination for leading designer and name brand outlet stores in the greater Bay Area. New brands to the center include: CH Carolina Herrera, Catimini, ECCO, Rag & Bone New York, Scotch & Soda, Ted Baker London, Tory Burch, UGG Australia, and Vince. They join an already powerful lineup of retailers including Burberry, Coach, Kate Spade New York, MaxMara, Michael Kors, and Prada.


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