Ticker
SPG

Price
148.79
Stock movement up
+0.13 (0.09%)
Company name
Simon Property Group Inc
Exchange
(NYSE
,
Currency
USD
)
Sector
Real Estate >
REIT-Retail
Market cap
48.64B
Ent value
77.21B
Price/Sales
9.19
Price/Book
12.72
Div yield
5.38%
Div growth
-1.17%
Growth years
2
FCF payout
72.64%
Trailing P/E
22.77
Forward P/E
24.31
PEG
2.65
EPS growth
0.78%
1 year return
39.97%
3 year return
6.77%
5 year return
-3.23%
10 year return
-0.96%
Last updated: 2024-05-17

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 share8.00
Dividend yield5.38%
Payout frequencyQuarterly
Maximum yield11.82%
Average yield5.95%
Minimum yield3.66%
Discount to avg yield-10.74%
Upside potential-9.70%
Yield as % of max yield45.51%

Yield distribution (inverse percentile) - 5y

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Yield distribution data
Dividend yield5.38%
Current yield distribution63.25%
Yield at 100% (Min)3.66%
Yield at 90%4.49%
Yield at 80%4.86%
Yield at 50% (Median)5.74%
Yield at 20%6.95%
Yield at 10%7.68%
Yield at 0% (Max)11.82%

Dividend per share

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Dividend per share data
Years of growth2 years
CCC status-
Dividend per share8.00
Payout frequencyQuarterly
Ex-div date7 Jun 2024
EPS (TTM)6.50
EPS (1y forward)6.12
EPS growth (5y)0.78%
EPS growth (5y forward)8.60%

Dividend growth

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Dividend growth data
SPGS&P500
DGR MR2.56%-16.32%
DGR TTM7.64%4.05%
DGR 3 years7.48%5.24%
DGR 5 years-1.17%5.40%
DGR 10 years5.47%7.07%
DGR 15 years5.41%6.12%
Time since last change announced16 days
EPS growth (5y)0.78%
EPS growth (5y forward)8.60%

Payout ratio

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Payout ratio data
EPS coverageFCF coverage
TTM105.98%72.64%
Average--
Forward130.72%-

VALUATION

Valuation Ratios

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Valuation Ratios data
Trailing P/E22.77
Price to OCF12.91
Price to FCF15.61
Price to EBITDA11.61
EV to EBITDA18.43

Valuation (Sales/Book Value)

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Valuation (Sales/Book Value) data
Price to Sales9.19
Price to Book12.72
EV to Sales14.59

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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%

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STOCK INFORMATION

Stock chart

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Stock price data
Open149.65
Daily high149.65
Daily low148.10
Daily Volume1.26M
All-time high227.60
1y analyst estimate132.40
Beta1.55
EPS (TTM)6.50
Dividend per share8.00
Ex-div date7 Jun 2024
Next earnings date31 Jul 2024

Downside potential

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Downside potential data
SPGS&P500
Current price drop from All-time high-34.63%-0.06%
Highest price drop-80.66%-56.47%
Date of highest drop2 Apr 20209 Mar 2009
Avg drop from high-20.30%-11.32%
Avg time to new high24 days13 days
Max time to new high1963 days1805 days

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COMPANY DETAILS
SPG (Simon Property Group Inc) company logo
Marketcap
48.64B
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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UNDERSTAND THE BUSINESS
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