SPG^J Simon Property Group, Inc.
Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.
Company profile
Ticker
SPG^J
Exchange
Website
CEO
David E. Simon
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Corporate Property Investors Inc
SEC CIK
Corporate docs
IRS number
46268599
SPG^J stock data
()
Calendar
11 May 20
5 Jun 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 1.35B | 1.49B | 1.42B | 1.4B | |
| Net income | 505.4M | 590.42M | 628.72M | 572.1M | |
| Diluted EPS | 1.43 | 1.66 | 1.77 | 1.6 | |
| Net profit margin | 37.34% | 39.66% | 44.38% | 40.95% | |
| Operating income | 654.87M | 776.88M | 705.3M | 680.63M | |
| Net change in cash | 3.06B | -2.98B | 3.17B | 42.97M | |
| Cash on hand | 3.72B | 669.37M | 3.65B | 479.78M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 5.76B | 5.65B | 5.53B | 5.44B | |
| Net income | 2.42B | 2.82B | 2.24B | 2.13B | |
| Diluted EPS | 6.81 | 7.87 | 6.24 | 5.87 | |
| Net profit margin | 42.10% | 49.99% | 40.61% | 39.28% | |
| Operating income | 2.91B | 2.93B | 2.8B | 2.72B | |
| Net change in cash | 155.04M | -967.97M | 922.25M | -141.08M | |
| Cash on hand | 669.37M | 514.34M | 1.48B | 560.06M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 15 May 20 | Aeppel Glyn | Common Stock | Buy | Aquire P | 50.5 | 1,000 | 50.5K | 8,317 |
| 12 May 20 | Aeppel Glyn | Common Stock | Grant | Aquire A | 0 | 3,074 | 0 | 7,317 |
| 12 May 20 | Horn Karen N | Common Stock | Grant | Aquire A | 0 | 3,202 | 0 | 25,690 |
| 12 May 20 | Larry C Glasscock | Common Stock | Grant | Aquire A | 0 | 3,629 | 0 | 28,290 |
| 12 May 20 | Leibowitz Reuben S | Common Stock | Grant | Aquire A | 0 | 3,415 | 0 | 41,184 |
Institutional ownership Q1 2020
94.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 648 |
| Opened positions | 84 |
| Closed positions | 210 |
| Increased positions | 251 |
| Reduced positions | 245 |
13F shares |
Current |
|---|---|
| Total value | 181.06B |
| Total shares | 288.33M |
| Total puts | 3.33M |
| Total calls | 2.47M |
| Total put/call ratio | 1.3 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 40.34M | $2.21B |
| BLK BlackRock | 29.53M | $1.62B |
| Capital World Investors | 25.74M | $1.41B |
| STT State Street | 20.29M | $1.11B |
| CNS Cohen & Steers | 16.12M | $884.14M |
| APG Asset Management US | 6.42M | $352.39M |
| Geode Capital Management | 6.36M | $349.06M |
| Capital Research Global Investors | 6.11M | $335.13M |
| NTRS Northern Trust | 5.65M | $310.17M |
| IVZ Invesco | 5M | $274.1M |
Financial report summary
?Management Discussion
- For the purposes of the following comparison between the three and nine months ended March 31, 2020 and 2019, 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 March 31, 2020 vs. Three months ended March 31, 2019
- Lease income decreased $17.8 million during 2020, of which the property transactions accounted for $1.3 million of the decrease. Comparable lease income decreased $16.5 million, or 1.3%, due to decreases in fixed minimum lease and CAM consideration recorded on a straight-line basis and variable consideration based on tenant sales.
Content analysis
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H.S. sophomore Avg
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New words:
absence, adapting, Additionally, agreed, analyze, back, bid, border, card, challenge, civil, closure, commence, commitment, committed, compete, competing, concentration, confidence, conserve, constant, consummation, contemplated, convenience, Costco, creditworthy, demand, density, difficult, discretionary, distancing, drew, ease, eased, EBITDA, enclosed, entirety, evolving, experience, face, family, fear, field, flat, focused, foreseeable, Forever, forgo, freedom, freeze, furlough, gift, goodwill, governmental, greatest, half, health, heightened, heightening, hiring, implemented, imposed, indeterminate, inside, instability, interbank, Internet, larger, layout, lesser, leverage, lifted, light, Malaga, margin, Merger, Michigan, mitigation, mobile, modification, movement, necessity, negative, negatively, nil, nonpayment, occurrence, online, oversupply, pandemic, penetration, perception, physical, popularity, precautionary, predominantly, presence, pressure, prevent, preventing, prime, produced, prohibition, proximity, pure, rapidly, Realty, receipt, release, released, reliant, reopened, reopening, replaced, replacing, response, restraint, safety, salaried, salary, sensitivity, situation, size, social, source, Spain, speculative, speed, spend, spending, stay, strain, successful, suspend, suspended, Taubman, TCO, team, temporarily, terrorism, ticking, tourism, tourist, translation, transmission, travel, treatment, TRG, truth, turned, twelve, ultimate, unable, uncollected, underperforming, unemployment, unencumbered, unforeseen, unique, unprecedented, unrest, unsuccessful, unused, user, vaccination, visit, volume, voting, waiver, Walmart, war, weather, World, worldwide, zoning
Removed:
advertising, Airport, Alberta, allocation, approximated, billed, codified, Colorado, correspondingly, court, created, Denver, department, determining, distribution, driven, Edmonton, expensed, final, fiscal, food, foreclosure, fourth, German, grew, janitorial, landscaping, lessee, lessor, Orange, pattern, present, promotion, promotional, pronouncement, reallocate, reclassified, recognizing, recover, reimburse, reimbursed, repaid, retain, separately, store, strong, suspension, Thornton, threshold, unchanged, utilized
Financial reports
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
7 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
3 May 18
10-K
2017 FY
Annual report
23 Feb 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
13 May 20
8-K
Results of Operations and Financial Condition
11 May 20
8-K
Other Events
7 Apr 20
8-K
Departure of Directors or Certain Officers
2 Apr 20
8-K
Simon Property Group Announces Amended and Extended $6.0 Billion Revolving Credit Facility and Term Loan
16 Mar 20
8-K
Entry into a Material Definitive Agreement
11 Feb 20
8-K
Taubman Shareholders to Receive $52.50 Per Share in Cash
10 Feb 20
8-K
Results of Operations and Financial Condition
4 Feb 20
8-K
Results of Operations and Financial Condition
30 Oct 19
8-K
Results of Operations and Financial Condition
31 Jul 19
Registration and prospectus
S-8
Registration of securities for employees
8 May 19
S-3ASR
Automatic shelf registration
23 Feb 18
424B7
Prospectus with selling stockholder info
30 Dec 16
424B7
Prospectus with selling stockholder info
1 Mar 16
424B7
Prospectus with selling stockholder info
14 Dec 15
424B7
Prospectus with selling stockholder info
9 Nov 15
424B7
Prospectus with selling stockholder info
3 Apr 15
425
Business combination disclosure
20 Mar 15
425
Business combination disclosure
10 Mar 15
425
Business combination disclosure
9 Mar 15
Proxies
DEFA14A
Additional proxy soliciting materials
1 May 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
27 Mar 19
DEF 14A
Definitive proxy
28 Mar 18
DEFA14A
Additional proxy soliciting materials
28 Mar 18
DEF 14A
Definitive proxy
31 Mar 17
DEFA14A
Additional proxy soliciting materials
31 Mar 17
DEFA14A
Additional proxy soliciting materials
6 Apr 16
Other
UPLOAD
Letter from SEC
24 Mar 16
CORRESP
Correspondence with SEC
18 Mar 16
UPLOAD
Letter from SEC
10 Mar 16
UPLOAD
Letter from SEC
22 Jul 13
CORRESP
Correspondence with SEC
8 Jul 13
UPLOAD
Letter from SEC
28 Jun 13
NO ACT
No action letter
18 Jan 13
UPLOAD
Letter from SEC
5 Jun 12
CORRESP
Correspondence with SEC
4 Jun 12
UPLOAD
Letter from SEC
25 May 12
Ownership
4
SIMON PROPERTY / Glyn Aeppel ownership change
18 May 20
4
SIMON PROPERTY / MARTA R STEWART ownership change
14 May 20
4
SIMON PROPERTY / J ALBERT SMITH JR ownership change
14 May 20
4
SIMON PROPERTY / Daniel C. Smith ownership change
14 May 20
4
SIMON PROPERTY / STEFAN M SELIG ownership change
14 May 20
4
SIMON PROPERTY / GARY M RODKIN ownership change
14 May 20
4
SIMON PROPERTY / REUBEN S LEIBOWITZ ownership change
14 May 20
4
SIMON PROPERTY / ALLAN B HUBBARD ownership change
14 May 20
4
SIMON PROPERTY / KAREN N HORN ownership change
14 May 20
4
SIMON PROPERTY / LARRY C GLASSCOCK ownership change
14 May 20