Simon Property Group: Business Remains Solid, But Growth Is Limited [Seeking Alpha]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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investors.simon.com
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Source: Seeking Alpha
Play 8min Summary Simon Property Group (SPG) continues to deliver strong returns, with Q2 2024 core FFO per share increasing by 4.3%, reflecting solid fundamentals and growth. As a result, management announced an 8% dividend hike to $2.05 per share for Q3 2024 and raised full-year guidance to $12.80-$12.90 per share. However, assessing the situation deeper the growth outlook seems limited, which in the context of recent multiple expansion creates an unfavorable ground for further value creation. In this article I explain why I have decided to keep the position in my portfolio, but not adding anything more here. Walter Bibikow My previous piece on Simon Property Group (NYSE: SPG ) was circulated in July, this year, when I made a case to hold SPG despite the fact that the stock had returned already 280% in total returns since my initial bull case back in March, 2020. The reason for this was continued tailwinds for the real estate sector in general (e.g., dropping inte
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SPG
News
- JCPenney's Holiday Approach Promotes Steady Prices and Celebrity Tie-ins [Yahoo! Finance]Yahoo! Finance
- Retailer exiting longtime SouthPark space [Yahoo! Finance]Yahoo! Finance
- Simon Property Group, Inc. (NYSE: SPG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Simon® Announces Date For Its Third Quarter 2024 Earnings Release And Conference CallPR Newswire
- CRE Mess Not Letting Up: CMBS Delinquency Rates Jump In September As Office, Retail, And Lodging Deteriorate Further [Seeking Alpha]Seeking Alpha
SPG
Earnings
- 8/5/24 - Miss
SPG
Sec Filings
- 10/8/24 - Form SC
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- SPG's page on the SEC website