Simon Property Group sells ‘successful' Authentic stake at right time [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
This included the sale of a portion of its interest in Q4 of 2023. The company's Q1 results benefitted from the sale of its remaining ownership interest in Authentic Brands Group with its net income including after-tax net gains of $303.9m, or $0.81 per diluted share. It has also raised its quarterly dividend and is increasing the mid-point of its full-year 2024 guidance. GlobalData retail analyst Neil Saunders told Just Style exclusively: "Simon's core property business is solid so it doesn't rely on retail as an add-on.” However, he continued: “The company has generated a fantastic return on its investment, and probably felt that the time was right to sell its remaining stake as it received a good price for it." Saunders also pointed out that while the venture has been incredibly successful, Simon has always made it clear that its focus is on property rather than on retail. Neither Simon Property Group nor Authentic Brands Group responded to Just Style's request for comme
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News
- SIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONPR Newswire
- Inside Shein's Public Relations Campaign to Rehab Its Image and Become a Publicly Traded Company [Yahoo! Finance]Yahoo! Finance
- Simon Property (SPG) Announces Revamp of Houston's The Galleria [Yahoo! Finance]Yahoo! Finance
- Simon® Reinvesting in Houston's The Galleria™, One of the Most Iconic, Luxurious Shopping Centers in the U.S. [Yahoo! Finance]Yahoo! Finance
- Simon® Reinvesting in Houston's The Galleria™, One of the Most Iconic, Luxurious Shopping Centers in the U.S.PR Newswire
SPG
Earnings
- 5/6/24 - Beat
SPG
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- SPG's page on the SEC website