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
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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
- Brooks Brothers to Return to Downtown With New York City Flagship [Yahoo! Finance]Yahoo! Finance
- Simon Property Group, Inc. (NYSE: SPG) had its price target raised by analysts at Mizuho from $158.00 to $182.00. They now have a "neutral" rating on the stock.MarketBeat
- Cyber Week Gets Solid Start for Brick-and-mortar and Online Retailers [Yahoo! Finance]Yahoo! Finance
- Simon® Reports 6.4% Portfolio Traffic Increase on Black Friday Weekend, with a 7.1% gain reported at Simon's Malls nationwide [Yahoo! Finance]Yahoo! Finance
- Simon® Reports 6.4% Portfolio Traffic Increase on Black Friday Weekend, with a 7.1% gain reported at Simon's Malls nationwidePR Newswire
SPG
Earnings
- 11/1/24 - Miss
SPG
Sec Filings
- 11/14/24 - Form SC
- 11/1/24 - Form 8-K
- 10/8/24 - Form SC
- SPG's page on the SEC website