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.
IPO Year:
Exchange: NYSE
Website: simon.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/16/2024 | $160.00 → $172.00 | In-line → Outperform | Evercore ISI |
9/12/2024 | $157.50 → $159.00 | Buy → Hold | Stifel |
9/3/2024 | $190.00 → $175.00 | Overweight → Neutral | Piper Sandler |
12/21/2023 | $132.00 → $143.00 | Overweight → Equal-Weight | Morgan Stanley |
8/3/2023 | $131.00 → $129.00 | Outperform → In-line | Evercore ISI |
7/6/2023 | $127.00 | Peer Perform → Outperform | Wolfe Research |
3/21/2023 | $150.00 | Buy | Goldman |
10/18/2022 | Peer Perform | Wolfe Research | |
6/30/2022 | $100.00 | Buy → Hold | Jefferies |
3/7/2022 | $180.00 → $160.00 | Overweight | Morgan Stanley |
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
4 - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Issuer)
10-Q - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
10-Q - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
11-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
8-K - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
10-Q - SIMON PROPERTY GROUP INC /DE/ (0001063761) (Filer)
OSAGE BEACH, Mo., Nov. 22, 2024 /PRNewswire/ -- Sky Real Estate is excited to announce its acquisition of the Osage Beach Outlet Marketplace from a subsidiary of Simon Property Group, Inc (NYSE:SPG). The 391,000-square-foot shopping center, located on a 60-acre parcel along Osage Beach Parkway, has been a cornerstone of the Lake of the Ozarks region for decades. The outlet center features key tenants such as Polo Ralph Lauren, Under Armour, Bath & Body Works, and LOFT. Sky Real Estate looks forward to continuing operations and collaborating with the local community partners to create a long-term plan that enhances the property's role as a vital regional destination. For more information and
INDIANAPOLIS, Nov. 1, 2024 /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 quarter ended September 30, 2024. "We are pleased with our quarterly results highlighted by strong financial and operational performance, the very successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets," said David Simon, Chairman, Chief Executive Officer and President. "Today we are pleased to raise our dividend for the fourth consecutiv
INDIANAPOLIS, Oct. 25, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revised details for its third quarter earnings conference call. Simon's financial and operational results for the quarter ending September 30, 2024, will be released before the market open on November 1, 2024. The Company will host its quarterly earnings conference call and an audio webcast on November 1 from 10:00 a.m. to 11:00 a.m. Eastern Time. The live webcast will be available
INDIANAPOLIS, Oct. 4, 2024 /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 third quarter earnings release and conference call. Simon's financial and operational results for the quarter ending September 30, 2024, will be released after the market close on November 5, 2024. The Company will host its quarterly earnings conference call and an audio webcast on November 5 from 5:00 p.m. to 6:00 p.m. Eastern Time. The live webcast will be available
Nationwide campaign features acclaimed director Matty Peacock and a network of social influencers to inspire generations of shoppers to meet @themall INDIANAPOLIS, Sept. 30, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of a new nationwide campaign to celebrate the shopping mall's continuing cachet as the go-to destination for generations. Dubbed "Meet Me @themall™," the multifaceted campaign blends '80s and '90s nostalgia with a new generation who wants to shop, eat, stay and play at the mall as much as their parents do. Blend
INDIANAPOLIS, Sept. 23, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $1.0 billion aggregate principal amount of its 4.750% Notes due 2034. The new issue of senior notes has a term of 10 years and a coupon rate of 4.750%. The offering is expected to close on September 26, 2024, subject to customary closing conditions. Th
INDIANAPOLIS, Sept. 19, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has amended, restated and extended its $3.5 billion multi-currency unsecured revolving credit facility. "The closing of this facility is a continued endorsement of the strength of our Company. The amended, restated and extended $3.5 billion credit facility enhances our
Simon welcomes shoppers to newly expanded and renovated property in South Korea's second-largest city INDIANAPOLIS, Sept. 18, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the completed expansion and renovation of Busan Premium Outlets in South Korea. Busan Premium Outlets now boasts nearly 555,000 square feet of retail space featuring more than 270 luxury and premium retail brands. Central to the development is the nearly 19,000 square foot Nike Unite Store, the largest in the region.
Simon® has expanded and rebranded its online outlet marketplace as ShopSimon, a comprehensive source for on-sale and outlet merchandise. INDIANAPOLIS, Sept. 5, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of ShopSimonTM, the next phase in its journey to create the ultimate omnichannel shopping experience. ShopSimon, available at ShopSimon.com and via the ShopSimon app, offers a comprehensive single source of premium and luxury sale-priced pr
INDIANAPOLIS, Sept. 4, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at the BofA Securities 2024 Global Real Estate Conference on Tuesday, September 10, 2024 at 10:20 a.m. Eastern Time. A live audio webcast of the presentation will be accessible from the Investors section of the Company's website at investors.simon.com. An online replay will be available following the presentation at the same location. About SimonSimon® is
BP p.l.c. (NYSE:BP) shares are trading lower today. The company disclosed that it is forming a strategic partnership with Audi in Formula 1. The deal aligns the companies’ technical expertise and innovation drive to influence the future of motorsport as Audi prepares to enter F1 in 2026 under new FIA regulations emphasizing enhanced electrification and sustainable fuels. In their new partnership, BP and its Castrol lubricants division are teaming up with Audi to enhance performance in Formula 1. The partnership involves developing Advanced Sustainable fuel, as mandated by the FIA F1 Technical Regulations starting in 2026. To comply with regulations, this fuel must achieve a minim
BP PLC (NYSE:BP) has announced an expansion of its global EV charging business, bp pulse, through a new deal with Simon Property Group Inc (NYSE:SPG). This collaboration will see the installation and operation of EV charging Gigahubs at 75 Simon properties, providing over 900 ultra-fast charging bays across the U.S. The first locations are expected to be operational by early 2026. The partnership with Simon is part of BP’s broader initiative to deliver EV charging infrastructure in key locations. BP had previously put forward its intention of expanding the Gigahub network near airports, metropolitan areas, and its branded convenience stores and TravelCenters of America locations.
Is FedEx Corp (NYSE:FDX) helping law enforcement spy on private citizens? A new report presents compelling evidence in the latest controversy over privacy. What Happened: Forbes reported that the Memphis, Tennessee-based shipping giant has partnered with local law enforcement agencies by distributing surveillance footage from cameras on FedEx vehicles. There are instances of local police departments reciprocating by sharing data with FedEx, which has a secretive, private police force. These include the Shelby County Sheriff's Office in Tennessee and Pittsboro Police Department in Indiana. Jay Stanley, senior policy analyst at the American Civil Liberties Union (ACLU), called the pro
A leader in the streaming space, Netflix Inc (NASDAQ:NFLX) could see a new effort to diversification with in real life experiences to strengthen its well-known franchises like "Squid Game" and "Bridgerton," which rank among its most viewed series. While the new effort for Netflix's diversification could help the streaming giant, it could also mark a positive for the mall sector, which has faced setbacks from the COVID-19 pandemic and growth of online shopping. What Happened: Netflix recently announced it will open two "experiential entertainment venues" in Texas and Pennsylvania at leading shopping malls. "Imagine waltzing with your partner to an orchestral cover of a Taylor Swift s
https://www.cnbc.com/2024/06/21/forever-21-seeks-rent-concessions-facing-financial-struggles.html
PHOENIX will Operate DTC Commerce in the U.S.A. for Express & BonobosNEW YORK, June 14, 2024 /PRNewswire/ -- WHP Global, in collaboration with an affiliate of Simon Property Group ("Simon"), Brookfield Properties ("Brookfield"), and Centennial Real Estate ("Centennial"), announce the formation of PHOENIX, a new retail operating platform, which received court approval to acquire a majority of Express, Inc. operations. Upon closing, PHOENIX will operate all direct-to-consumer (DTC) commerce in the U.S.A. for Express and Bonobos.
In the last three months, 4 analysts have published ratings on Simon Property Group (NYSE:SPG), offering a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $153.5, a high estimate of $168.00, and a low e
Argus Research analyst Jacob Kilstein maintains Simon Property Group (NYSE:SPG) with a Buy and raises the price target from $157 to $168.
Investors with a lot of money to spend have taken a bearish stance on Simon Property Group (NYSE:SPG). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPG, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 8 uncommon options trades for Simon Property Group. This isn't normal. The overall sentiment of these big-money traders is split between 25% bullish and 37%, bearish. Out of
Evercore ISI upgraded Simon Properties from In-line to Outperform and set a new price target of $172.00 from $160.00 previously
Stifel downgraded Simon Properties from Buy to Hold and set a new price target of $159.00 from $157.50 previously
Piper Sandler downgraded Simon Properties from Overweight to Neutral and set a new price target of $175.00 from $190.00 previously
Morgan Stanley downgraded Simon Properties from Overweight to Equal-Weight and set a new price target of $143.00 from $132.00 previously
Evercore ISI downgraded Simon Properties from Outperform to In-line and set a new price target of $129.00 from $131.00 previously
Wolfe Research upgraded Simon Properties from Peer Perform to Outperform and set a new price target of $127.00
Goldman resumed coverage of Simon Properties with a rating of Buy and set a new price target of $150.00
Wolfe Research initiated coverage of Simon Properties with a rating of Peer Perform
Jefferies downgraded Simon Properties from Buy to Hold and set a new price target of $100.00
Morgan Stanley reiterated coverage of Simon Property Group with a rating of Overweight and set a new price target of $160.00 from $180.00 previously
OSAGE BEACH, Mo., Nov. 22, 2024 /PRNewswire/ -- Sky Real Estate is excited to announce its acquisition of the Osage Beach Outlet Marketplace from a subsidiary of Simon Property Group, Inc (NYSE:SPG). The 391,000-square-foot shopping center, located on a 60-acre parcel along Osage Beach Parkway, has been a cornerstone of the Lake of the Ozarks region for decades. The outlet center features key tenants such as Polo Ralph Lauren, Under Armour, Bath & Body Works, and LOFT. Sky Real Estate looks forward to continuing operations and collaborating with the local community partners to create a long-term plan that enhances the property's role as a vital regional destination. For more information and
INDIANAPOLIS, Nov. 1, 2024 /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 quarter ended September 30, 2024. "We are pleased with our quarterly results highlighted by strong financial and operational performance, the very successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets," said David Simon, Chairman, Chief Executive Officer and President. "Today we are pleased to raise our dividend for the fourth consecutiv
INDIANAPOLIS, Oct. 25, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced revised details for its third quarter earnings conference call. Simon's financial and operational results for the quarter ending September 30, 2024, will be released before the market open on November 1, 2024. The Company will host its quarterly earnings conference call and an audio webcast on November 1 from 10:00 a.m. to 11:00 a.m. Eastern Time. The live webcast will be available
INDIANAPOLIS, Oct. 4, 2024 /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 third quarter earnings release and conference call. Simon's financial and operational results for the quarter ending September 30, 2024, will be released after the market close on November 5, 2024. The Company will host its quarterly earnings conference call and an audio webcast on November 5 from 5:00 p.m. to 6:00 p.m. Eastern Time. The live webcast will be available
INDIANAPOLIS, Aug. 5, 2024 /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 quarter ended June 30, 2024. "We are pleased with our financial and operational performance in the second quarter," said David Simon, Chairman, Chief Executive Officer and President. "We continue to invest in our retail real estate platforms with transformative redevelopments, including the addition of mixed-use components, and selective new developments including the gr
INDIANAPOLIS, July 11, 2024 /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 second quarter earnings release and conference call. Simon's financial and operational results for the quarter ending June 30, 2024, will be released after the market close on August 5, 2024. The Company will host its quarterly earnings conference call and an audio webcast on August 5 from 5:00 p.m. to 6:00 p.m. Eastern Daylight Time. The live webcast will be availab
PHOENIX will Operate DTC Commerce in the U.S.A. for Express & Bonobos NEW YORK, June 14, 2024 /PRNewswire/ -- WHP Global, in collaboration with an affiliate of Simon Property Group ("Simon"), Brookfield Properties ("Brookfield"), and Centennial Real Estate ("Centennial"), announce the formation of PHOENIX, a new retail operating platform, which received court approval to acquire a majority of Express, Inc. operations. Upon closing, PHOENIX will operate all direct-to-consumer (DTC) commerce in the U.S.A. for Express and Bonobos. PHOENIX will serve as a financially revitalized D
INDIANAPOLIS, May 6, 2024 /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 quarter ended March 31, 2024. "We delivered strong results to start the year," said David Simon, Chairman, Chief Executive Officer and President. "Leasing momentum and cash flow growth continued. We successfully sold our remaining investment in Authentic Brands Group, generating total gross proceeds of $1.45 billion, including the sale of a portion of our interest in the f
INDIANAPOLIS, April 11, 2024 /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 first quarter earnings release and conference call. Simon's financial and operational results for the quarter ending March 31, 2024, will be released after the market close on May 6, 2024. The Company will host its quarterly earnings conference call and an audio webcast on May 6 from 5:00 p.m. to 6:00 p.m. Eastern Daylight Time. The live webcast will be available in
INDIANAPOLIS, Feb. 5, 2024 /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 quarter and twelve months ended December 31, 2023. "This was an excellent quarter and year for Simon Property Group, which was capped off by our 30th anniversary as a public company in December. Over that 30-year period, we are proud to have delivered a total return to shareholders of 3,100%," said David Simon, Chairman, Chief Executive Officer and President. "In 2023,
Equity Residential (NYSE:EQR) today announced the appointment of Ann C. Hoff and Nina P. Jones to the Company's Board of Trustees to serve until the next annual meeting of shareholders. Both Ms. Hoff and Ms. Jones qualify as independent trustees under the New York Stock Exchange's listing standards. Ms. Hoff will serve on the Audit Committee and Ms. Jones will serve on both the Audit and Corporate Governance Committees. With these appointments, the Company's Board will increase to 11 members. Ms. Hoff, 57, is the President and Chief Operating Officer of Bellagio and Park MGM at MGM Resorts International (NYSE:MGM), a global gaming and entertainment company. In this role, which she has hel
INDIANAPOLIS, Jan. 9, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that Nina P. Jones has been appointed to its Board of Directors, effective January 8, 2024. Ms. Jones retired from T. Rowe Price where she most recently served as Vice President, Portfolio Manager, of the U.S. Real Estate Equity Strategy. Ms. Jones also served as global team leader for real estate at T. Rowe Price including as portfolio manager of the Global Real Estate Equity Strategy.
INDIANAPOLIS, March 23, 2023 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that Randall J. Lewis has been appointed to its Board of Directors, effective March 21, 2023. Mr. Lewis is the Managing Partner for Cleveland Avenue, LLC, a venture capital investment firm that invests in agrifood and beverage, related technologies, and life-style related technology investments. He has been with the firm since 2020. Mr. Lewis has over thirty-five years of finance, ris
INDIANAPOLIS, Dec. 8, 2021 /PRNewswire/ -- Simon, a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that Peggy Fang Roe has been appointed to its Board of Directors. Ms. Roe is the Global Officer, Customer Experience, and Loyalty & New Ventures at Marriott International, a position which she has held since 2020. Ms. Roe's 18 year career at Marriott has been focused on customer experience design and innovation, data strategy and analytics, new ventures and its award-winning loyalty program, Marriott Bonvoy.
INDIANAPOLIS, Dec. 29, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") today announced that it has completed its acquisition of an 80% ownership interest in The Taubman Realty Group Limited Partnership ("TRG"). Under the terms of the transaction, Simon, through its operating partnership, Simon Property Group, L.P., acquired all of Taubman Centers, Inc. ("TCO") common stock for $43.00 per share in cash, and the Taubman family sold approximately one-third of its ownership interest at the transaction price and remains a 20% partner in TRG. "We are very pleased to complete this transaction and to add some of the world's premier retail assets to our portfolio," said Davi
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--Taubman Centers, Inc. (NYSE: TCO) (the “Company”) announced that, at a special meeting of shareholders, its shareholders today approved and adopted the previously announced amended and restated merger agreement (the “Merger Agreement”), dated as of November 14, 2020, among the Company, The Taubman Realty Group Limited Partnership (together with the Company, “Taubman”), Simon Property Group, Inc. (NYSE: SPG) (“Simon”) and certain other parties, and the transactions contemplated by the Merger Agreement (the “Transactions”). Over 99.9% of the shares voted were in favor of the Merger Agreement and the Transactions, which constitutes approximate
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