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
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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
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SPG
News
- SITE Centers: Cost Control Key After Curbline Properties Spin-Off [Seeking Alpha]Seeking Alpha
- Simon Property Group, Inc. (NYSE: SPG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Simon Property Group Announces Retirement of Allan B. Hubbard [Yahoo! Finance]Yahoo! Finance
- Simon Property Group Announces Retirement of Allan B. HubbardPR Newswire
- All Forever 21 stores to be closed by May 1 following closing sales, operator says [USA TODAY]USA TODAY
SPG
Earnings
- 2/4/25 - Beat
SPG
Sec Filings
- 3/21/25 - Form PRE
- 3/20/25 - Form 8-K
- 3/20/25 - Form 4
- SPG's page on the SEC website