Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $186.14 USD
Change Today -0.33 / -0.18%
Volume 647.1K
SPG On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

simon property group inc (SPG) Snapshot

Open
$185.79
Previous Close
$186.47
Day High
$187.00
Day Low
$184.62
52 Week High
01/28/15 - $206.31
52 Week Low
09/26/14 - $162.43
Market Cap
57.9B
Average Volume 10 Days
1.0M
EPS TTM
$5.01
Shares Outstanding
311.3M
EX-Date
08/13/15
P/E TM
37.1x
Dividend
$6.20
Dividend Yield
2.95%
Current Stock Chart for SIMON PROPERTY GROUP INC (SPG)

simon property group inc (SPG) Related Businessweek News

View More BusinessWeek News

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. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Simon Property Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported total revenue was $1,349,110,000 against $1,181,982,000 a year ago. Operating income was $702,385,000 against $561,531,000 a year ago. Consolidated income from continuing operations was $554,526,000 against $489,609,000 a year ago. Net income attributable to common stockholders was $472,944,000, or $1.52 per diluted share, as compared to $406,587,000, or $1.31 per diluted share, in the prior year period. Funds from Operations were $955,356,000, or $2.63 per diluted share, as compared to $783,833,000, or $2.16 per diluted share, in the prior year period. These results were achieved even with a negative impact of $0.04 for the quarter compared to the prior year quarter due to a strong dollar against the euro and yen. For the six months, the company reported total revenue was $2,565,345,000 against $2,339,004,000 a year ago. Operating income was $1,301,556,000 against $1,122,496,000 a year ago. Consolidated income from continuing operations was $982,035,000 against $849,210,000 a year ago. Net income attributable to common stockholders was $835,118,000, or $2.69 per diluted share, as compared to $748,235,000, or $2.41 per diluted share, in the prior year period. Funds from Operations were $1,786,087,000, or $4.92 per diluted share, as compared to $1,649,166,000, or $4.54 per diluted share, in the prior year period. The company is raising both the low and high ends of its previously provided full year 2015 FFO range and currently estimates a range of $10.02 to $10.07 per diluted share for the year ending December 31, 2015, with net income to be within a range of $5.47 to $5.52 per diluted share.

Simon Property Group Declares Quarterly Common Stock Dividend and Preferred Stock Dividend, Payable on August 31, 2015 and September 30, 2015, Respectively

Simon Property Group Inc.'s board of directors declared a quarterly common stock dividend of $1.55 per share. This is a 19.2% increase year-over-year and an increase of $0.05 or 3.3% from the previous quarter.  The dividend will be payable on August 31, 2015 to stockholders of record on August 17, 2015. The company's board of directors also declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on September 30, 2015 to stockholders of record on September 16, 2015.

Hudson's Bay Company Closes its Joint Venture with Simon Property Group

Hudson’s Bay Company announced that it has closed its joint venture with Simon Property Group focused on credit tenant, net-leased and multi-tenanted retail buildings in the United States and internationally. The joint venture will enable HBC and Simon to build on the strength of existing real estate assets and identify new real estate growth opportunities. HBC contributed 42 owned or ground-leased properties to the HBC-Simon JV, including the Saks Fifth Avenue Beverly Hills and the Westchester and Manhasset Lord & Taylor stores, for an aggregate purchase price of approximately USD 1.7 billion. The contributed properties total approximately 5.4 million square feet. Third-party debt at the HBC-Simon JV totalling USD 846 million was arranged in conjunction with the closing. Of this amount, HBC received USD 600 million in cash proceeds for the properties it contributed. HBC intends to use these proceeds to repay the balance of its existing term loan B and reduce the borrowings on its US revolving credit facility. The HBC-Simon JV currently expects to use the remaining USD 246 million in proceeds from the third-party debt towards the proposed purchase of at least 40 owned or partially-owned properties in Germany (the Kaufhof Properties), which HBC is expected to acquire at the end of the third fiscal quarter upon completion of its previously announced acquisition of Galeria Holding's department store Kaufhof. Simon contributed an initial USD 1 million upon closing, and has committed to contribute up to a total of USD 278 million to the HBC-Simon JV. This includes USD 100 million for improvements to properties contributed by HBC to the HBC-Simon JV. The balance of USD 178 million is intended to be used by the HBC-Simon JV to partially fund the acquisitions of the Kaufhof Properties.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SPG:US $186.14 USD -0.33

SPG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Capital & Counties Properties PLC 458.20 GBp +4.40
Derwent London PLC 3,629 GBp -21.00
Hammerson PLC 655.00 GBp -5.50
Segro PLC 441.60 GBp -3.80
British Land Co PLC/The 829.50 GBp -6.00
View Industry Companies
 

Industry Analysis

SPG

Industry Average

Valuation SPG Industry Range
No financial data is available for SPG.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SIMON PROPERTY GROUP INC, please visit www.simon.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.