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
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Source: Seeking Alpha
KwarkotDear subscribers,I've been covering Simon Property Group (NYSE:SPGcompany 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 digitsbelow a double-digit P/FFO multiple.Let's see what this company has going for it.Simon Property Group - An upside with great fundamentalsWhile I am no longer at 5-6% of my total portfolio after having trimmed a bit and rotated a bit into other, more undervalued REITs when the company touched closeto $130/share, still own a 2.5%+ position in this A-rated Retail operation REIT - and I consider it to be as appealing as ever.The last time I wrote about the company, it was at over 7% yield. Now we're lower - but still above 6.5%.The main challenge with the company still remains - and this challenge is the company's FFO growth rate. For 2023, the company
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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