Ticker
SPG

Price
109.71
Stock movement down
-2.99 (-2.65%)
Company name
Simon Property Group Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Real Estate >
REIT-Retail
Market cap
35.87B
Ent value
64.43B
Price/Sales
6.78
Price/Book
9.38
Div yield
6.75%
Div growth
-0.71%
Growth years
1
FCF payout
72.64%
Trailing P/E
16.79
Forward P/E
17.93
PEG
1.95
EPS growth
9.00%
1 year return
-2.29%
3 year return
4.73%
5 year return
-7.87%
10 year return
-3.34%
Last updated: 2023-06-08
Simon is severely undervalued by almost every observable metric including FFO Multiple, Dividend Yield, and Net Asset Value. See why SPG stock is a strong buy.
June 7, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group will continue to perform well. Click here to see why SPG stock is a Buy.
June 6, 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 share7.40
Dividend yield6.75%
Payout frequencyQuarterly
Maximum yield11.82%
Average yield5.69%
Minimum yield3.66%
Discount to avg yield15.64%
Upside potential18.54%
Yield as % of max yield57.09%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield6.75%
Current yield distribution20.56%
Yield at 100% (Min)3.66%
Yield at 90%4.41%
Yield at 80%4.54%
Yield at 50% (Median)5.39%
Yield at 20%6.78%
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 share7.40
Payout frequencyQuarterly
Ex-div date8 Jun 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 MR2.78%-15.45%
DGR TTM10.77%11.27%
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 announced39 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--
Forward120.92%-
We think that Simon Property Group and Macerich are both attractive. If I had to pick one, find out which one I would pick among SPG and MAC stocks.
June 2, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group has managed to raise rents and maintain occupancy rates, indicating a healthy business environment for malls. Find out why SPG is a Buy.
May 31, 2023

iO Charts is a Seeking Alpha partner

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E16.79
Price to OCF9.52
Price to FCF11.51
Price to EBITDA8.56
EV to EBITDA15.38

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales6.78
Price to Book9.38
EV to Sales12.18
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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 Group and Federal Realty are two premier publicly traded retail REITs. Click here to read an opinion on whether SPG or FRT is the better buy now.
May 31, 2023

iO Charts is a Seeking Alpha partner

Simon Property Group last raised its quarterly dividend payout by 2.77% for a forward dividend yield that sits at 7.2%. Click here to read more.
May 27, 2023

iO Charts is a Seeking Alpha partner

STOCK INFORMATION

Stock chart

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Stock price data
Open110.11
Daily high110.48
Daily low108.26
Daily Volume1.03M
All-time high227.60
1y analyst estimate132.40
Beta1.55
EPS (TTM)6.50
Dividend per share7.40
Ex-div date8 Jun 2023
Next earnings date31 Jul 2023

Downside potential

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Downside potential data
SPGS&P500
Current price drop from All-time high-51.80%-10.17%
Highest price drop-80.66%-56.47%
Date of highest drop2 Apr 20209 Mar 2009
Avg drop from high-19.57%-11.53%
Avg time to new high23 days13 days
Max time to new high1726 days1805 days
Simon Property Group has proven to be a quality play in the retail space, with solid and growing operating metrics. Read why I rate SPG stock a strong buy.
May 15, 2023

iO Charts is a Seeking Alpha partner

As I plan for my retirement, I'm looking for ways to reduce my workload so I can spend more time doing things I enjoy. Find out 2 blue chips currently paying a high yield.
May 9, 2023

iO Charts is a Seeking Alpha partner

COMPANY DETAILS
SPG (Simon Property Group Inc) company logo
Marketcap
35.87B
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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The Simon Property Group common stock is going down, but the dividend was increased yet again. Something's gotta give, click for my SPG stock update.
May 8, 2023

iO Charts is a Seeking Alpha partner

The REIT sector is currently the 2nd most attractive market sector in terms of yield spread against risk-free rates. Click here for our 2 picks in this sector.
May 5, 2023

iO Charts is a Seeking Alpha partner

UNDERSTAND THE BUSINESS
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COMPANY NEWS
Seeking AlphaPress releases
Simon Property's 2023 guidance now anticipates over 3% domestic property NOI growth. See why we remain bullish on SPG stock and maintain our Buy rating.
May 4, 2023
Simon Property Group, Inc. (NYSE:NYSE:SPG) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ETCompany ParticipantsTom Ward - Senior Vice President of Investor RelationsDavid Simon -...
May 3, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
May 2, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
May 2, 2023
Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
May 1, 2023
With an attractive valuation and dividend yield, Simon Property Group (SPG) presents an appealing investment opportunity amidst e-commerce challenges. Read more here.
April 11, 2023
Simon Property Group is very unlikely to suffer permanent impairment given its very strong balance sheet and high-quality portfolio. Find out why SPG stock is a Buy.
April 11, 2023
Simon Property Group is focused on malls and premium outlets in the US with a small, significant international exposure. Read why SPG stock is a Buy.
April 11, 2023
Simon Property Group is one of the world leaders in retail and leases shopping centers around the world. Click here to read my take on SPG stock.
April 11, 2023
Simon Property reported impressive Full Year 2022 results, and the underlying business is solid. Read more to see why SPG stock is a Buy.
March 27, 2023
iO Charts is a Seeking Alpha partnerNext page