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 Property Group: Fundamentals And Price Don't Align
    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: Interesting Undervaluation Levels Once Again
    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 (%)

    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 (%)

    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 ($)

    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)

    Revenue composition ($M)

    AD

    DIVIDENDS

    Dividend yield - 5y

    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

    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

    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%-
    Simon Property Vs. Macerich: What's The Best Mall REIT To Buy Today?
    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: A-Rated Quality REIT At A Bargain Price
    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

    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)

    Valuation (Sales/Book Value) data
    Price to Sales6.78
    Price to Book9.38
    EV to Sales12.18
    AD

    FINANCIALS

    Per share

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

    Income statement

    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

    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%
    Better High Yield Buy: Simon Property Group Or Federal Realty?
    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: A 7.2% Yield For Cheap, I'm Jumping In
    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

    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

    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: Opportunity Knocks
    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

    2 Investment-Grade Stocks With Big Dividends: Diamondback And Simon Property
    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
    Website
    https://www.simon.com
    Investor relations
    https://investors.simon.com
    SEC filings
    SPG SEC filings
    CEO
    David Simon
    Country
    USA
    City
    Indianapolis
    Stock type
    Common stock
    CCC status
    -
    Dividend Frequency
    Quarterly
    EVENTS AND PRESENTATIONS
    EventsPresentations
    Simon Property Group: Common Stock Heads South
    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

    Realty Income And Simon Property Group: Graham Numbers Say It's REIT Time
    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
    COMPANY NEWS
    Seeking AlphaPress releases
    Simon Property's Q1 Delivers Again
    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. (SPG) Q1 2023 Earnings Call Transcript
    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
    Simon Property boosts dividend, guidance after Q1 earnings show Y/Y growth
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    May 2, 2023
    Simon Property FFO of $2.74 misses by $0.07, revenue of $1.35B beats by $80M
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    May 2, 2023
    Simon Property likely to post higher Q1 earnings on strong occupancy, leasing spreads
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    May 1, 2023
    The Brick-And-Mortar Champions: Simon Property Group's Potential
    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 Stock: Buy The Dip Hand-Over-Fist
    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 A Buy Despite A Deteriorating Outlook
    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: Preferred Over Treasuries
    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: A Sustainable 7% Dividend Yield
    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
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