Simon Property Group, Inc. 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 Its properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

Company profile
Ticker
SPG, SPG-PJ
Exchange
Website
CEO
David Simon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CORPORATE PROPERTY INVESTORS INC
SEC CIK
Corporate docs
Subsidiaries
Simon Property Group, L.P. • Simon Property Group • M.S. Management Associates, Inc. • Kravco Simon Investments, L.P. • Premium Outlet Partners, L.P. • SPG Mayflower, LLC • Silver Merger Sub 1, LLC • Silver Merger Sub 2, LLC • Simon Global Development B.V. • Simon MAC S.a.r.l. ...
IRS number
46268599
SPG stock data
News

5 REITs With A Dividend Yield Above 6%
8 Aug 22
Mizuho Maintains Neutral on Simon Property Group, Lowers Price Target to $115
3 Aug 22
What 6 Analyst Ratings Have To Say About Simon Property Group
2 Aug 22
China/U.S. Tensions Top Of Mind
2 Aug 22
UBS Maintains Neutral on Simon Property Group, Raises Price Target to $115
2 Aug 22
Press releases
Simon® Reports Second Quarter 2022 Results and Increases Full Year 2022 Guidance and Raises Quarterly Dividend
1 Aug 22
Kitchen United, the Ghost Kitchen and Restaurant Hub Technology Pioneer, Announces $100M Series C Fundraise
25 Jul 22
Simon® Announces Date For Its Second Quarter 2022 Earnings Release And Conference Call
13 Jul 22
Simon® Announces New, Innovative Product Search Platform
21 Jun 22
"Princess Diana: A Tribute Exhibition" To Debut In Las Vegas This August Inside The Shops At Crystals
15 Jun 22
Analyst ratings and price targets
Current price
Average target
$124.60
Low target
$100.00
High target
$160.00
Mizuho
Maintains
$115.00
UBS
Maintains
$115.00
Morgan Stanley
Maintains
$133.00
Jefferies
Downgraded
$100.00
Compass Point
Maintains
$160.00
Calendar
4 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 541.24M | 541.24M | 541.24M | 541.24M | 541.24M | 541.24M |
Cash burn (monthly) | (no burn) | 62.46M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 90.41M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 450.83M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 7.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Jun 22 | Aeppel Glyn | Common Stock | Buy | Acquire P | No | No | 93.8319 | 202 | 18.95K | 12,383 |
30 Jun 22 | Larry C Glasscock | Common Stock | Buy | Acquire P | No | No | 93.8319 | 379 | 35.56K | 34,033 |
30 Jun 22 | Horn Karen N | Common Stock | Buy | Acquire P | No | No | 93.8319 | 576 | 54.05K | 32,384 |
30 Jun 22 | Hubbard Allan B | Common Stock | Buy | Acquire P | No | No | 93.8319 | 427 | 40.07K | 27,640 |
30 Jun 22 | Leibowitz Reuben S | Common Stock | Buy | Acquire P | No | No | 93.8319 | 528 | 49.54K | 45,251 |
Institutional ownership, Q1 2022
92.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 994 |
Opened positions | 99 |
Closed positions | 143 |
Increased positions | 401 |
Reduced positions | 343 |
13F shares | Current |
---|---|
Total value | 39.06B |
Total shares | 303.52M |
Total puts | 3.85M |
Total calls | 3.8M |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 49.39M | $6.5B |
BLK Blackrock | 34.08M | $4.48B |
STT State Street | 23.49M | $3.09B |
CNS Cohen & Steers | 22.26M | $2.93B |
Melvin Simon & Associates | 12.52M | $2B |
Cowa | 8.1M | $107K |
Geode Capital Management | 7.72M | $1.02B |
FMR | 6.52M | $857.38M |
Nuveen Asset Management | 5.33M | $687.37M |
NTRS Northern Trust | 5.27M | $693.31M |
Financial report summary
?Management Discussion
- For the purposes of the following comparison between the three and six months ended June 30, 2022 and 2021, the above transactions are referred to as the property transactions. In the following discussions of our results of operations, “comparable” refers to properties we owned or held interests in and operated in both of the periods under comparison.
- Three months ended June 30, 2022 vs. Three months ended June 30, 2021
- Lease income increased $35.9 million, of which the property transactions accounted for a $9.1 million decrease. Comparable lease income increased $45.0 million, or 3.9%. Total lease income increased primarily due to an increase in fixed lease income of $37.8 million primarily due to an increase in fixed minimum lease consideration, reduction in reserves for collectability and higher occupancy, partially offset by a decrease in variable lease income of $1.9 million.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
cap, differentiate, disaggregated, Gloucester, unfavorable
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
1 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
Results of Operations and Financial Condition
9 May 22
8-K
Departure of Directors or Certain Officers
14 Feb 22
8-K
Results of Operations and Financial Condition
7 Feb 22
8-K
Simon Property Group Announces Appointment of Peggy Fang Roe to its Board of Directors
8 Dec 21
8-K
Results of Operations and Financial Condition
1 Nov 21
8-K
Entry into a Material Definitive Agreement
28 Oct 21
8-K
Results of Operations and Financial Condition
2 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
13 May 21
Registration and prospectus
S-3ASR
Automatic shelf registration
26 Feb 21
424B2
Prospectus for primary offering
19 Nov 20
424B5
Prospectus supplement for primary offering
18 Nov 20
S-8
Registration of securities for employees
8 May 19
POSASR
Automatic shelf registration (post-effective amendment)
8 Mar 19
S-3ASR
Automatic shelf registration
22 Feb 18
424B7
Prospectus with selling stockholder info
29 Dec 16
424B7
Prospectus with selling stockholder info
29 Feb 16
424B7
Prospectus with selling stockholder info
13 Dec 15
424B7
Prospectus with selling stockholder info
8 Nov 15
Proxies
DEFA14A
Additional proxy soliciting materials
29 Mar 22
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
1 May 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 18
Other
UPLOAD
Letter from SEC
20 Jun 22
CORRESP
Correspondence with SEC
9 Jun 22
UPLOAD
Letter from SEC
30 May 22
UPLOAD
Letter from SEC
24 Oct 21
CORRESP
Correspondence with SEC
11 Oct 21
UPLOAD
Letter from SEC
27 Sep 21
UPLOAD
Letter from SEC
23 Mar 16
CORRESP
Correspondence with SEC
17 Mar 16
UPLOAD
Letter from SEC
9 Mar 16
UPLOAD
Letter from SEC
21 Jul 13
Ownership
4
SIMON PROPERTY / MARTA R STEWART ownership change
5 Jul 22
4
SIMON PROPERTY / J ALBERT SMITH JR ownership change
5 Jul 22
4
SIMON PROPERTY / Daniel C. Smith ownership change
5 Jul 22
4
SIMON PROPERTY / STEFAN M SELIG ownership change
5 Jul 22
4
SIMON PROPERTY / Peggy Fang Roe ownership change
5 Jul 22
4
SIMON PROPERTY / GARY M RODKIN ownership change
5 Jul 22
4
SIMON PROPERTY / REUBEN S LEIBOWITZ ownership change
5 Jul 22
4
SIMON PROPERTY / ALLAN B HUBBARD ownership change
5 Jul 22
4
SIMON PROPERTY / KAREN N HORN ownership change
5 Jul 22
4
SIMON PROPERTY / LARRY C GLASSCOCK ownership change
5 Jul 22
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2 Aug 22
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1 Aug 22
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31 Jul 22
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31 Jul 22
Most anticipated earnings releases for the week beginning august 1, 2022
30 Jul 22
Daily Discussion Thread - July 29th, 2022
29 Jul 22