Ticker
SPG

Price
114.62
Stock movement up
+0.17 (0.15%)
Company name
Simon Property Group Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Real Estate >
REIT-Retail
Market cap
37.47B
Ent value
66.04B
Price/Sales
7.08
Price/Book
9.80
Div yield
6.63%
Div growth
-0.71%
Growth years
1
FCF payout
72.64%
Trailing P/E
17.54
Forward P/E
18.73
PEG
2.04
EPS growth
9.00%
1 year return
10.79%
3 year return
17.73%
5 year return
-8.87%
10 year return
-1.69%
Last updated: 2023-09-08
Simon Property Group, Inc. stock is trading at a historically low funds from operations multiple, presenting a buying opportunity. Read more on SPG stock here.
September 21, 2023

iO Charts is a Seeking Alpha partner

Simon Property stock experienced a steep pullback in August. Read more about SPG here.
September 13, 2023

iO Charts is a Seeking Alpha partner

BUSINESS INSIGHT

US Malls and Premium Outlets Lease Expirations (%)

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Operations comments

SPG's ownership interests in properties outside the United States are primarily owned through joint venture arrangements. With the exception of our Premium Outlets in Canada, all of SPG's international properties are managed by related parties

Occupancy as of year end (%)

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Japan comments

The Japan data is for SPG's Premium Outlets in Japan. The information used to prepare these statistics has been supplied by their managing venture partner (meaning SPG does not directly manage these properties)

The 2007 data for "US Malls and Premium Outlets" is an estimation. This year the company still reported 2 different segments: Regional Malls and Premium Outlet Centers. Occupancy numbers from 2007 to 2008 decreased 1.3% for Regional Malls and 0.8% for Premium Outlet Centers

Average Base Minimum Rent per Square Foot ($)

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Rent comments

Japan numbers are reported in JPY (Japanese Yen). We used the USD/JPY exchange rate at the 31st of December 2020 to calculate the rent in USD

We used a single exchange rate to better reflect the price trend, but as a result, in the past at year's end, based on the exchange rates, prices in USD might have differed slightly

The 2007 data for "US Malls and Premium Outlets" is an estimation. This year the company still reported 2 different segments: Regional Malls and Premium Outlet Centers. Base minimum rent from 2007 to 2008 increased 6.5% for Regional Malls and 7.7% for Premium Outlet Centers

Capital Expenditures ($M)

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Revenue composition ($M)

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DIVIDENDS

Dividend yield - 5y

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Dividend yield data
Dividend per share7.60
Dividend yield6.63%
Payout frequencyQuarterly
Maximum yield11.82%
Average yield5.78%
Minimum yield3.66%
Discount to avg yield12.82%
Upside potential14.71%
Yield as % of max yield56.12%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield6.63%
Current yield distribution23.17%
Yield at 100% (Min)3.66%
Yield at 90%4.42%
Yield at 80%4.57%
Yield at 50% (Median)5.59%
Yield at 20%6.83%
Yield at 10%7.68%
Yield at 0% (Max)11.82%

Dividend per share

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Dividend per share data
Years of growth1 years
CCC status-
Dividend per share7.60
Payout frequencyQuarterly
Ex-div date7 Sep 2023
EPS (TTM)6.50
EPS (1y forward)6.12
EPS growth (5y)9.00%
EPS growth (5y forward)8.60%

Dividend growth

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Dividend growth data
SPGS&P500
DGR MR2.70%8.78%
DGR TTM8.89%8.57%
DGR 3 years-5.97%4.00%
DGR 5 years-0.71%5.65%
DGR 10 years5.99%7.37%
DGR 15 years5.36%5.83%
Time since last change announced63 days
EPS growth (5y)9.00%
EPS growth (5y forward)8.60%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM105.98%72.64%
Average--
Forward124.18%-
Simon Property Group, Inc. (NYSE:NYSE:SPG) Bank of America 2023 Global Real Estate Conference Call September 12, 2023 11:05 AM ETCompany ParticipantsBrian...
September 12, 2023

iO Charts is a Seeking Alpha partner

Simon Property's 2Q23 results showed flat earnings but positive occupancy and base rent increase. Read why I consider SPG stock as an excellent value.
September 12, 2023

iO Charts is a Seeking Alpha partner

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E17.54
Price to OCF9.95
Price to FCF12.02
Price to EBITDA8.94
EV to EBITDA15.76

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales7.08
Price to Book9.80
EV to Sales12.48
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FINANCIALS

Per share

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Per share data
Current share count326.92M
EPS (TTM)6.50
FCF per share (TTM)9.48

Income statement

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Income statement data
Revenue (TTM)5.29B
Gross profit (TTM)4.38B
Operating income (TTM)2.58B
Net income (TTM)2.14B
EPS (TTM)6.50
EPS (1y forward)6.12

Margins

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Margins data
Gross margin (TTM)82.85%
Operating margin (TTM)48.83%
Profit margin (TTM)40.37%

Balance Sheet

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Balance Sheet data
Cash621.63M
Net receivables823.54M
Total current assets621.63M
Goodwill20.10M
Intangible assets1.49B
Property, plant and equipment0.00
Total assets33.01B
Accounts payable1.49B
Short/Current long term debt25.46B
Total current liabilities3.48B
Total liabilities29.19B
Shareholder's equity3.82B
Net tangible assets3.31B

Cash flow

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Cash flow data
Operating cash flow (TTM)3.77B
Capital expenditures (TTM)650.02M
Free cash flow (TTM)3.12B
Dividends paid (TTM)2.26B

Financial returns

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Financial returns data
Return on Equity55.86%
Return on Assets6.47%
Return on Invested Capital7.30%
Cash Return on Invested Capital10.64%
Simon Property's valuation is at a large discount (~26%) vs. Graham P/E and the sector median. See why investors should be aware of discrepancies in valuation.
September 5, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group continues to adapt to changing consumer needs with the redevelopment of many of its properties. Find out why SPG stock is a Buy.
September 1, 2023

iO Charts is a Seeking Alpha partner

STOCK INFORMATION

Stock chart

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Stock price data
Open114.45
Daily high114.75
Daily low113.91
Daily Volume1.02M
All-time high227.60
1y analyst estimate132.40
Beta1.55
EPS (TTM)6.50
Dividend per share7.60
Ex-div date7 Sep 2023
Next earnings date30 Oct 2023

Downside potential

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Downside potential data
SPGS&P500
Current price drop from All-time high-49.64%-6.74%
Highest price drop-80.66%-56.47%
Date of highest drop2 Apr 20209 Mar 2009
Avg drop from high-19.82%-11.49%
Avg time to new high24 days13 days
Max time to new high1789 days1805 days
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 24, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group's dividend is recovering, making SPG a bargain for investors. Find out why the high debt rating and diversification make SPG stock a buy.
August 11, 2023

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
SPG (Simon Property Group Inc) company logo
Marketcap
37.47B
Marketcap category
Large-cap
Description
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.
Employees
2500
Investor relations
SEC filings
CEO
David Simon
Country
USA
City
Indianapolis
Stock type
Common stock
CCC status
-
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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Simon Property Group is a leading US REIT with good financial performance and a portfolio of properties that defy mall trends. Read more to see our SPG update.
August 7, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group raises its dividend by 2.7%, promising a 6.1% annual yield. Its strong balance sheet supports further increases.
August 3, 2023

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
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COMPANY NEWS
Seeking AlphaPress releases
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 3, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 3, 2023
Simon Property Group, Inc. (NYSE:NYSE:SPG) Q2 2023 Earnings Conference Call August 2, 2023 4:30 PM ETCompany ParticipantsTom Ward - Senior Vice President of...
August 2, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 2, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 2, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
August 1, 2023
Despite e-commerce growth, physical retail remains dominant, with Simon Property Group's business model not imploding as feared. See why SPG stock is a Buy.
July 17, 2023
Simon Property Group has performed badly in the past few years amid multiple headwinds, but its outlook may not be as bleak. Click here to read more.
July 14, 2023
Retail REITs are seeing a performance bifurcation, with companies like Simon Property Group outperforming most REITs. Read more to see our concerns about SPG.
July 14, 2023
Despite a slight potential undervaluation, I suggest choosing alternatives to Simon Property Group. Click here to learn what I propose.
July 14, 2023
iO Charts is a Seeking Alpha partnerNext page