Simon Property: Solid Performer With Significant Potential Upside [Seeking Alpha]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.simon.com
Company Research
Source: Seeking Alpha
The company's 2Q23 results showed flat earnings but positive occupancy and base rent increase. SPG is currently undervalued with a P/FFO multiple of 9.5x, offering a high dividend yield and potential for double-digit returns. Looking for more investing ideas like this one? Get them exclusively at iREIT on Alpha. Learn More » Dear subscribers, I've been covering Simon Property Group ( NYSE: SPG ) off and on for some time here in 2023. The company hasn't been in favor for some time, being pressured by interest and corresponding risk-free rates. I have a significant stake in the company that I've been somewhat hesitant to expand upon, but I'm seeing a potential upside at this point. Let's go through the latest set of results. Let me show you why even if we consider this company very conservatively, there is a significant upside of double digits below a double-digit P/FFO multiple. Let's see what this company has going for it. Simon Property Group - An upside with great fun
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SPG
News
- Here's Why You Should Keep Simon Property Stock in Your Portfolio [Yahoo! Finance]Yahoo! Finance
- JCPenney Remains a Question Mark [Yahoo! Finance]Yahoo! Finance
- JCPenney Operations in Q3 Turn Profitable Despite Sales Decline [Yahoo! Finance]Yahoo! Finance
- As Express was circling the drain, its CEO secretly took home $1 million in perks [Yahoo! Finance]Yahoo! Finance
- As Express was circling the drain, its CEO secretly took home $1 million in perks [CNN]CNN
SPG
Earnings
- 11/1/24 - Miss
SPG
Sec Filings
- 12/26/24 - Form 4
- 12/10/24 - Form 4
- 11/14/24 - Form SC
- SPG's page on the SEC website