Simon Property (SPG)

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

NYSE

Website

www.simon.com

CEO

David Simon

Incorporated

Delaware

Location

Indiana

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership • Invesco Mortgage Capital ...

Former names

CORPORATE PROPERTY INVESTORS INC

SEC CIK

0001063761

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

5 REITs With A Dividend Yield Above 6%

8 Aug 22

These five real estate investment trusts (REITs) currently pay 6% dividend yields to their investors. Each one trades on the New York Stock Exchange, each has an average daily trading volume of greater than 100,000 shares.

Mizuho Maintains Neutral on Simon Property Group, Lowers Price Target to $115

3 Aug 22

Mizuho analyst Vikram Malhorta maintains Simon Property Group (NYSE:SPG) with a Neutral and lowers the price target from $158 to $115.

What 6 Analyst Ratings Have To Say About Simon Property Group

2 Aug 22

Analysts have provided the following ratings for Simon Property Group (NYSE:SPG) within the last quarter:

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

From Benzinga Pro

Simon® Reports Second Quarter 2022 Results and Increases Full Year 2022 Guidance and Raises Quarterly Dividend

1 Aug 22

INDIANAPOLIS, Aug. 1, 2022 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the

Kitchen United, the Ghost Kitchen and Restaurant Hub Technology Pioneer, Announces $100M Series C Fundraise

25 Jul 22

Blue Chip Investors & Strategics, Founders, and CEO Bet on World-Class Proprietary Technology and Capital Efficient Growth to Drive Further Consolidation of the Ghost Kitchen Industry PASADENA, Calif., July 25, 2022

Simon® Announces Date For Its Second Quarter 2022 Earnings Release And Conference Call

13 Jul 22

INDIANAPOLIS, July 13, 2022 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its

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

Last 3 months

Average target

$124.60

Low target

$100.00

High target

$160.00

Calendar

4 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart SPG financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SPG insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SPG institutional ownership history Ownership history

92.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	994	1038	-4.2%
Opened positions	99	200	-50.5%
Closed positions	143	66	+116.7%
Increased positions	401	401	–
Reduced positions	343	300	+14.3%

13F shares	Current	Prev Q	Change
Total value	39.06B	47.97B	-18.6%
Total shares	303.52M	300.82M	+0.9%
Total puts	3.85M	6.51M	-41.0%
Total calls	3.8M	3.93M	-3.3%
Total put/call ratio	1.0	1.7	-39.0%

Largest owners	Shares	Value	Change
Vanguard	49.39M	$6.5B	+3.9%
BLK Blackrock	34.08M	$4.48B	-2.7%
STT State Street	23.49M	$3.09B	+10.1%
CNS Cohen & Steers	22.26M	$2.93B	+0.5%
Melvin Simon & Associates	12.52M	$2B	0.0%
Cowa	8.1M	$107K	NEW
Geode Capital Management	7.72M	$1.02B	+3.4%
FMR	6.52M	$857.38M	-20.3%
Nuveen Asset Management	5.33M	$687.37M	-3.1%
NTRS Northern Trust	5.27M	$693.31M	-1.4%

Largest transactions	Shares	Bought/sold	Change
Cowa	8.1M	+8.1M	NEW
Norges Bank	0	-3.25M	EXIT
STT State Street	23.49M	+2.16M	+10.1%
Vanguard	49.39M	+1.85M	+3.9%
FMR	6.52M	-1.65M	-20.3%
DB Deutsche Bank AG - Registered Shares	1.97M	-1.58M	-44.5%
Aaron Wealth Advisors	1.11M	+1.1M	+13021.8%
State Of Michigan Retirement System	93.35K	-1.09M	-92.1%
BLK Blackrock	34.08M	-956.88K	-2.7%
BMO Bank of Montreal	708.44K	-720.51K	-50.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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.