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 Is Historically Undervalued At A Level Of 2000, 2008, Or 2020
    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 Group: Steep Pullback Present Another Buying Opportunity
    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 (%)

    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 share7.60
    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

    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

    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. (SPG) Bank of America 2023 Global Real Estate Conference (Transcript)
    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: Solid Performer With Significant Potential Upside
    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

    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)

    Valuation (Sales/Book Value) data
    Price to Sales7.08
    Price to Book9.80
    EV to Sales12.48
    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%
    Simon Property: Graham P/E Indicates Undervaluation, Insiders Are All Buying
    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: The Rise And Fall Of Shopping Malls Is Overblown
    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

    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

    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
    Fast-fashion retailer Shein buys one-third interest in Forever 21's operator
    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: The Comeback Dividend
    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
    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 Continues To Have Strong Opportunity
    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: The Yield Will Get Fatter
    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
    COMPANY NEWS
    Seeking AlphaPress releases
    Simon Property Group stock drops after Q2 earnings miss, Evercore downgrade
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    August 3, 2023
    Simon Property raises dividend by 2.7% to $1.90
    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. (SPG) Q2 2023 Earnings Call Transcript
    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
    Simon Property boosts lower end of 2023 guidance range after Q2 earnings miss
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    August 2, 2023
    Simon Property FFO of $2.88 misses by $0.04, revenue of $1.37B beats by $130M
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    August 2, 2023
    Simon Property Q2 2023 Earnings Preview
    Get the latest news and real-time alerts from Simon Property Group, Inc. (SPG) stock at Seeking Alpha.
    August 1, 2023
    Simon Property Group, Yielding 6%, Looks Undervalued Still
    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: The Overstated Fear Of Malls
    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
    Simon Property Group: Premium Retail Not Safe As The 'Richcession' Spreads
    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
    Simon Property Group: A Fine REIT, But Better Alternatives Exist
    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
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