Ticker
SPG

Price
128.64
Stock movement down
-1.17 (-0.90%)
Company name
Simon Property Group Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Real Estate >
REIT-Retail
Market cap
42.06B
Ent value
70.22B
Price/Sales
8.06
Price/Book
10.42
Div yield
5.60%
Div growth
-0.71%
Growth years
1
FCF payout
62.24%
Trailing P/E
21.39
Forward P/E
20.75
PEG
2.49
EPS growth
9.00%
1 year return
-11.62%
3 year return
-2.89%
5 year return
-3.85%
10 year return
-1.67%
Last updated: 2023-02-07

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 share7.20
Dividend yield5.60%
Payout frequencyQuarterly
Maximum yield11.82%
Average yield5.59%
Minimum yield3.66%
Discount to avg yield0.13%
Upside potential0.13%
Yield as % of max yield47.37%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield5.60%
Current yield distribution37.94%
Yield at 100% (Min)3.66%
Yield at 90%4.41%
Yield at 80%4.54%
Yield at 50% (Median)5.12%
Yield at 20%6.53%
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 share7.20
Payout frequencyQuarterly
Ex-div date8 Dec 2022
EPS (TTM)5.98
EPS (1y forward)6.20
EPS growth (5y)9.00%
EPS growth (5y forward)8.60%

Dividend growth

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Dividend growth data
SPGS&P500
DGR MR2.86%11.59%
DGR TTM17.95%10.54%
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 announced99 days
EPS growth (5y)9.00%
EPS growth (5y forward)8.60%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM99.56%62.24%
Average--
Forward116.13%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E21.39
Price to OCF11.31
Price to FCF13.37
Price to EBITDA10.79
EV to EBITDA18.01

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales8.06
Price to Book10.42
EV to Sales13.46

FINANCIALS

Per share

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Per share data
Current share count326.95M
EPS (TTM)5.98
FCF per share (TTM)9.57

Income statement

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Income statement data
Revenue (TTM)5.22B
Gross profit (TTM)4.28B
Operating income (TTM)2.49B
Net income (TTM)1.97B
EPS (TTM)5.98
EPS (1y forward)6.20

Margins

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Margins data
Gross margin (TTM)81.98%
Operating margin (TTM)47.74%
Profit margin (TTM)37.69%

Balance Sheet

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Balance Sheet data
Cash601.52M
Net receivables794.60M
Total current assets601.52M
Goodwill0.00
Intangible assets1.42B
Property, plant and equipment0.00
Total assets32.80B
Accounts payable1.42B
Short/Current long term debt25.14B
Total current liabilities3.34B
Total liabilities28.76B
Shareholder's equity4.04B
Net tangible assets2.98B

Cash flow

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Cash flow data
Operating cash flow (TTM)3.72B
Capital expenditures (TTM)573.85M
Free cash flow (TTM)3.15B
Dividends paid (TTM)1.96B

Financial returns

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Financial returns data
Return on Equity48.72%
Return on Assets6.00%
Return on Invested Capital6.74%
Cash Return on Invested Capital10.78%

STOCK INFORMATION

Stock chart

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Stock price data
Open128.44
Daily high129.55
Daily low127.78
Daily Volume1.18M
All-time high227.60
1y analyst estimate126.20
Beta1.54
EPS (TTM)5.98
Dividend per share7.20
Ex-div date8 Dec 2022
Next earnings date6 Feb 2023

Downside potential

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Downside potential data
SPGS&P500
Current price drop from All-time high-43.48%-14.21%
Highest price drop-80.66%-56.47%
Date of highest drop2 Apr 20209 Mar 2009
Avg drop from high-19.21%-11.49%
Avg time to new high23 days13 days
Max time to new high1641 days1805 days
COMPANY DETAILS
SPG (Simon Property Group Inc) company logo
Marketcap
42.06B
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
2400
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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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
The largest U.S. mall owner had a strong year in terms of occupancy and sales.
February 7, 2023
Simon Property's (SPG) Q4 results reflect a better-than-expected top line. However, this retail REIT provides a lower-than-expected 2023 projection.
February 7, 2023
Although the revenue and EPS for Simon Property (SPG) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wal...
February 7, 2023
Presenting on today's call is David Simon, chairman, chief executive officer, and president. Good evening from Phipps Plaza, where we recently completed our transformation, including a new office bui...
February 7, 2023
Simon Property (SPG) delivered FFO and revenue surprises of 0.32% and 2.44%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
February 6, 2023
Stocks moving in after-hours: Chegg, Simon Property, Activision Blizzard, Take Two Interactive, Spirit Airlines
February 6, 2023
Yahoo Finance Live’s Jared Blikre checks out several stocks trending in the after-hours trading session.
February 6, 2023
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter and twelve months ended De...
February 6, 2023
Legacy Toys, a Minnesota-based specialty toy store, is opening a new Edina location in Southdale Center after announcing the closing of another location in the nearby Galleria mall last month.
February 3, 2023
Resilient retail demand and limited new supply are likely to have benefited Simon Property's (SPG) Q4 earnings. However, rising interest rates might have been a deterrent.
February 2, 2023
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