I Added Simon Property Group's 5.4% Dividend Yield To My Shopping [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 REIT owns high-quality retail assets and is operating with a strong balance sheet that has access to $11 billion in liquidity. Leasing momentum is strong, occupancy was up 90 basis points year-over-year, and rent per square foot is moving up. I've been buying Simon Property Group ( NYSE: SPG ) over the last few months. The shopping mall and outlet center REIT last declared a quarterly cash dividend of $1.950 per share , a 2.6% sequential hike, and $7.8 per share annualized for a 5.4% yield. SPG has raised its dividend by a 3-year compound annual growth rate of , but the distribution still sits roughly 7% below its pre-pandemic peak. The REIT generated a fiscal 2023 fourth-quarter FFO of $3.69 per share which covered its dividend by 189%, while this included investment gains of $0.31 per share from the partial sale of its Authentic Brands Group stake, the REIT is still comfortably covering its dividend. SPG is guiding for full-year 2024 FFO to come in between $11.85 to $12.1
Show less
Read more
Impact Snapshot
Event Time:
SPG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPG alerts
High impacting Simon Property Group, Inc. news events
Weekly update
A roundup of the hottest topics
SPG
News
- BP Partners With Simon to Expand EV Charging Network Across US [Yahoo! Finance]Yahoo! Finance
- Simon® Announces Date For Its Second Quarter 2024 Earnings Release And Conference Call [Yahoo! Finance]Yahoo! Finance
- Simon® Announces Date For Its Second Quarter 2024 Earnings Release And Conference CallPR Newswire
- Simon Property (SPG) & bp Team Up to Expand EV Charging Network [Yahoo! Finance]Yahoo! Finance
- bp signs deal with Simon® to expand ultra-fast EV charging network in US [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 5/6/24 - Beat
SPG
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- SPG's page on the SEC website