SPG Simon Property Group
- Price as of: Mar 04, 11:18 PM EST
- Reit - retail
SPG Stock Dividend DataAdd SPG to Watchlist
SPG Daily Snapshot
- Quote Time:
- Mar 04, 11:18 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $187.16 - $189.87
- Previous Close:
- 52 Week Low / High:
- $157.08 - $206.31
- Percent Off 52 Week High:
SPG Dividend Growth History
Last 5 Yrs
Last 3 Yrs
|Reveal More Dividend Growth History for SPG||16.0%||10.8%||5 years|
SPG Dividend History
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SPG Company Profile
Simon Property Group- (SPG)-ngages in the ownership, development, and management of retail real estate properties. Its real estate properties consist primarily of regional malls, Premium Outlet centers, The Mills, and community/lifestyle centers. As of December 31, 2007, the company owned or held an interest in 320 income-producing properties in the United States, which consisted of 168 regional malls, 38 Premium Outlet centers, 67 community/lifestyle centers, 37 properties acquired in the Mills acquisition, and 10 other shopping centers or outlet centers in 41 states and Puerto Rico. Simon Property Group was founded in 1960 and is headquartered in Indianapolis, Indiana. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.
Simon Property Group News
Wednesday's Analyst Moves: Digital Realty Trust, Inc., Eaton Vance Corp, The Home Depot, Inc., More (DLR, EV, HD, More)Nov 12, 2014Before Wednesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst...
Today's Pre-Market Earnings: U.S. Bancorp, Simon Property Group Inc, General Dynamics Corporation, More (USB, SPG, GD, More)Oct 22, 2014Before the opening bell on Wednesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
Aug 7, 2014Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
May 13, 2014Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
May 8, 2014Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
Today's Pre-Market Earnings: Travelers Companies Inc, United Technologies Corporation, Xerox Corp, More (TRV, UTX, XRX, More)Apr 22, 2014Before the opening bell on Tuesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these...
Simon Property Group Inc Beats Analysts' Estimates; Raises Dividend (SPG)Oct 25, 2013Before the opening bell on Friday, Simon Property Group (SPG) announced its quarterly earnings and raised its quarterly dividend 4.3%. SPG's Earnings in Brief -Simon Property Group announced third quarter revenues of $1.3 billion, which beat analysts' estimates of $1.28 billion. -The REIT reported funds from operations (FFO) of $802.8 million, or $2.21 per share, which was up from last year's Q3 FFO of $720.1 million, or $1.99 per share. This beat analysts' estimate of $2.16. -Net income attributable to common shareholders came in at $311.7 million, or $1 per diluted share, an increase from last year's same quarter figure of $254.9 million, or 84 cents per share. -The company's EPS guidance for the full year is $8.72-$8.78. Dividend Raise SPG raised its quarterly dividend 4.3% to $1.20. Previously the company paid out $1.15. The dividend is payable on November 29 to all shareholders of record on November 15. The ex-dividend date is November 13. Stock Performance SPG stock was inactive in pre-market trading this morning. YTD, the company's stock is up just 0.44%.Expand to read the full story
Simon Property Q2 FFO Climbs 11%, Beats Estimates; Boosts 2013 Outlook (SPG)Jul 29, 2013Real estate investment trust Simon Property Group, Inc (SPG) , which primarily focuses on mall and outlet store properties, reported early on Monday an 11% rise in second quarter funds from operations, slightly aided by a 5% increase in quarterly revenues. The company also boosted its 2013 outlook following the better-than-expected quarterly results. The Indianapolis, Indiana-based company posted second quarter funds from operations (FFO) of $766.3 million, or $2.11 per share, up from $688.8 million, or $1.89 per share, a year ago. According to analysts polled by Thomson Reuters, the company was expected to see FFO of $2.07 per share in the quarter. Funds from operations is a typical measurement of earnings when looking at real estate investment trusts. It usually adds depreciation and amortization expenses to earnings, minus gains from the sale of properties. Simon Property's second quarter net income advanced to $33.9 million, or $1.10 per share, from $215.4 million, or 71 cents per share, in the same quarter in 2012. The company's total revenues climbed to $1.24 billion from $1.19 billion in the year ago period. Analysts polled by Thomson Reuters were expecting the company to see $1.24 billion in total revenues for the quarter. Chairman and Chief Executive Officer David Simon said, "This was an excellent quarter for Simon Property Group, with strong financial and operational performance, the opening of two new Premium Outlet Centers, the groundbreaking for our second Premium Outlet in Canada, and the acquisition of a highly productive center. Our portfolio continued to deliver strong results in the quarter, with 5.9 percent growth in comparable property net operating income for our U.S. Malls and Premium Outlets." Looking ahead, the company boosted its full year 2013 outlook. Now, the company expects FFO to come in between $8.60 and $8.70 per share, with net income in the range of $3.98 to $4.08 per share. Previously, the company projected FFO of $8.50 to $8.60 per share and net income of $3.70 to $3.80 per share. Analysts are expecting the company to see FFO of $8.67 per share in 2013. Simon Property Group shares were inactive during pre-market trading on Monday. The stock is up 4.08% year-to-date. The Bottom Line Shares of Simon Property Group (SPG) offer a dividend yield of 2.80% based on Friday's closing price of $164.54 and the company's annualized dividend payout of $4.60 per share. Simon Property Group, Inc (SPG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
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Simon Property Group Q1 FFO Rises 14%; Results Top Estimates (SPG)Apr 26, 2013Before the opening bell on Friday, retail-focused real estate investment trust Simon Property Group Inc. (SPG) reported a lower first quarter net income. However, funds from operations rose, topping Wall Street estimates. The Indianapolis, Indiana-based company posted a first quarter net income of $283.1 million, or 91 cents per share, down from $645.4 million, or $2.18 per share, in the same period a year ago. Simon Property's funds from operations (FFO), a key earnings measure for REITs, grew to $741.9 million, or $2.05 per share, compared to last year's first quarter FFO of $648.7 million, or $1.82 per share. According to analysts polled by Thomson Reuters, the company was expected to report FFO of $2.01 per share. Fund from operations measures the performance of REITs and excludes gains and losses from property sales. It also removes the effect that depreciation has of earnings. Simon Property's total revenue rose to $1.22 billion in the quarter from $1.12 billion last year. Analysts were expecting revenues of $1.19 billion from SPG. Going forward, the company now expects to see FFO between $8.50 and $8.60 per share in 2013; net income is expected to be between $3.70 and $3.80 per share for the years. Analysts are expecting SPG to see a profit of $8.58 per share in fiscal 2013. Also, the company announced on Friday that the Board of Directors declared the next quarterly dividend. This dividend of $1.15 per share will be payable on May 31 to stockholders of record on May 17. Simon Property Group shares were inactive during pre-market trading on Friday. The stock is up +10.41% year-to-date. The Bottom Line Shares of Simon Property Group (SPG) have a dividend yield of 2.61% based on last night's closing price of $176.01 and the company's annualized dividend payout of $4.60 per share. Simon Property Group Inc. (SPG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story