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Simon Property Group Inc Stock Research

SPG

111.97USD+4.41(+4.10%)Market Closed

Market Summary

USD111.97+4.41
Market Closed
4.10%

SPG Alerts

SPG Stock Price

SPG RSI Chart

SPG Valuation

SPG Price/Sales (Trailing)

SPG Profitability

Return on Equity

78.14%

Return on Assets

7.43%

SPG Fundamentals

SPG Revenue

Revenue (TTM)

5.3B

Revenue Y/Y

5.56%

Revenue Q/Q

6.39%

SPG Earnings

Earnings (TTM)

2.5B

Earnings Y/Y

34.69%

Earnings Q/Q

24.27%

Price Action

52 Week Range

86.02133.58
(Low)(High)

Last 7 days

3.1%

Last 30 days

-11.9%

Last 90 days

-8.4%

Trailing 12 Months

-19.0%

SPG Financial Health

Debt/Equity

7.95

Debt/Cashflow

0.15

SPG Investor Care

Dividend Yield

5.34%

Dividend/Share (TTM)

6.7

Diluted EPS (TTM)

6.52

Peers (Alternatives to Simon Property Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.0B
4.2B
-1.44% -22.08%
12.18
12.66
22.43% 122.66%
28.6B
4.7B
-9.28% -32.35%
75.78
6.1
5.96% -77.90%
22.7B
2.7B
-6.38% -34.89%
29.23
8.37
11.91% -41.71%
21.4B
2.6B
-17.23% -37.62%
41.11
8.28
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
8.0B
1.1B
-10.62% -21.33%
20.85
7.48
12.95% 47.42%
4.6B
802.0M
-7.55% -9.74%
-362.88
5.72
114.83% 84.36%
2.9B
1.8B
-24.12% -65.61%
-8.51
1.64
13.26% -296.88%
2.3B
859.2M
-14.73% -33.89%
-34.53
2.66
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
-0.74% 11.36%
24.12
4.86
3.35% 1705.32%
1.5B
826.7M
-33.86% -70.35%
-19.71
1.86
-2.04% -117.36%
1.1B
190.3M
-2.00% -1.08%
12.23
5.92
12.08% 1950.56%
987.5M
740.4M
-15.75% -58.73%
-27.13
1.33
1.87% -78.85%

Financials for Simon Property Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.4%5,2915,2185,1985,1735,117
  S&GA Expenses1.1%35.0035.0034.0032.0030.00
Costs and Expenses-0.7%2,7082,7272,7472,7442,704
Interest Expenses1.0%761754766779796
Net Income8.8%2,4522,2532,4102,5472,569
Net Income Margin7.3%0.46*0.43*0.57*0.49*0.50*
Free Cahsflow1.3%3,7673,7193,6523,5543,637
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets0.7%33,01132,79533,07933,45133,777
    Cash Equivalents3.3%622602541515534
  Goodwill-20.00----
Liabilities1.5%29,18728,75928,98229,16129,377
  Long Term Debt1.3%24,96024,64024,88625,17025,321
Shareholder's Equity3.9%3,1393,0223,5313,7333,361
  Retained Earnings2.0%-5,926-6,046-6,012-5,948-5,823
  Additional Paid-In Capital0.0%11,23311,23111,21811,21411,213
Minority Interest3.9%473456460477492
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations1.3%3,7673,7193,6523,5543,637
Cashflow From Investing-49.9%-626-417-446-514-552
Cashflow From Financing2.7%-3,052-3,138-3,955-3,459-3,562
  Buy Backs24.3%180145288--

Risks for SPG

What is the probability of a big loss on SPG?

48.5%


Probability that Simon Property Group stock will be more than 20% underwater in next one year

42.3%


Probability that Simon Property Group stock will be more than 30% underwater in next one year.

31.5%


Probability that Simon Property Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SPG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Simon Property Group was unfortunately bought at previous high price.

Drawdowns

Returns for SPG

Cumulative Returns on SPG

0.7%


10-Year Cumulative Returns

-4.9%


7-Year Cumulative Returns

-2.7%


5-Year Cumulative Returns

29.4%


3-Year Cumulative Returns

What are the long-term rolling returns for SPG?

FIve years rolling returns for Simon Property Group.

Annualized Returns

Which funds bought or sold SPG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-1.89
2,383,580
10,768,600
0.09%
2023-03-20
Socha Financial Group, LLC
new
-
231,362
231,362
0.16%
2023-03-17
American Portfolios Advisors
reduced
-2.48
-41,437
490,850
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
added
5.01
355,649
1,308,650
0.04%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-0.95
4,662,420
20,385,400
0.02%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-5.25
1,239,000
6,393,000
0.03%
2023-03-03
TIAA, FSB
reduced
-8.06
65,220
383,220
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-1,000
-
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
620,177
620,177
0.01%
2023-02-28
Voya Investment Management LLC
reduced
-5.06
5,263,910
26,947,900
0.04%

1–10 of 48

Latest Funds Activity

Are funds buying SPG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SPG
No. of Funds

Simon Property Group News

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Schedule 13G FIlings of Simon Property Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
cohen & steers, inc.
6.64%
22,717,288
SC 13G/A
Feb 14, 2023
melvin simon & associates inc
3.7%
12,523,916
SC 13G/A
Feb 10, 2023
state street corp
7.05%
23,033,402
SC 13G/A
Feb 09, 2023
vanguard group inc
14.78%
48,316,915
SC 13G/A
Jan 23, 2023
blackrock inc.
10.2%
35,015,087
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
6.80%
22,346,774
SC 13G/A
Feb 14, 2022
state street corp
6.50%
21,369,438
SC 13G/A
Feb 14, 2022
melvin simon & associates inc
3.7%
12,523,916
SC 13G/A
Jan 27, 2022
blackrock inc.
10.7%
35,039,594
SC 13G/A
Jan 26, 2022
blackrock inc.
10.7%
35,039,594
SC 13G/A

SPG Fair Value

Recent SEC filings of Simon Property Group

View All Filings
Date Filed Form Type Document
Mar 30, 2023
3
Insider Trading
Mar 30, 2023
4
Insider Trading
Mar 23, 2023
8-K
Current Report
Mar 23, 2023
ARS
ARS
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Mar 15, 2023
8-K
Current Report
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for SPG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-28
LEWIS RANDALL J
acquired
-
-
165
-
2023-01-03
Simon Eli
sold (taxes)
-191,022
117
-1,626
sr. vp, corporate investments
2023-01-03
RULLI JOHN
sold (taxes)
-202,888
117
-1,727
chief administrative officer
2023-01-03
Snyder Alexander L.W.
sold (taxes)
-89,989
117
-766
asst. general counsel/sec.
2023-01-03
Frey Donald G
sold (taxes)
-105,497
117
-898
evp, treasurer
2023-01-03
Kelly Kevin M
sold (taxes)
-60,267
117
-513
asst. general counsel/sec.
2023-01-03
FIVEL STEVEN E
sold (taxes)
-209,114
117
-1,780
general counsel
2023-01-03
Reuille Adam
sold (taxes)
-108,669
117
-925
svp & chief accounting officer
2023-01-01
Reuille Adam
acquired
-
-
2,897
svp & chief accounting officer
2023-01-01
Frey Donald G
acquired
-
-
2,897
evp, treasurer

1–10 of 50

David E. Simon
3300
Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

SPG Income Statement

2022-12-31
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUE:   
Lease income$ 4,905,175$ 4,736,719$ 4,302,367
Management fees and other revenues116,904106,48396,882
Other income269,368273,587208,254
Total revenue5,291,4475,116,7894,607,503
EXPENSES:   
Property operating464,135415,720349,154
Depreciation and amortization1,227,3711,262,7151,318,008
Real estate taxes443,224458,953457,142
Repairs and maintenance93,59596,39180,858
Advertising and promotion107,793114,30398,613
Home and regional office costs184,592184,660171,668
General and administrative34,97130,33922,572
Other152,213140,518137,679
Total operating expenses2,707,8942,703,5992,635,694
OPERATING INCOME BEFORE OTHER ITEMS2,583,5532,413,1901,971,809
Interest expense(761,253)(795,712)(784,400)
Loss on extinguishment of debt (51,841) 
Gain on disposal, exchange, or revaluation of equity interests, net (Notes 3 and 6)121,177178,672 
Income and other tax (expense) benefit(83,512)(157,199)4,637
Income from unconsolidated entities647,977782,837219,870
Unrealized losses in fair value of publicly traded equity instruments, net(61,204)(8,095)(19,632)
Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net5,647206,855(114,960)
CONSOLIDATED NET INCOME2,452,3852,568,7071,277,324
Net income attributable to noncontrolling interests312,850319,076164,760
Preferred dividends3,3373,3373,337
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$ 2,136,198$ 2,246,294$ 1,109,227
BASIC AND DILUTED EARNINGS PER COMMON SHARE:   
Net income attributable to common stockholders - basic (in dollars per share)$ 6.52$ 6.84$ 3.59
Consolidated Net Income$ 2,452,385$ 2,568,707$ 1,277,324
Unrealized gain (loss) on derivative hedge agreements54,80851,114(106,548)
Net gain reclassified from accumulated other comprehensive loss into earnings(1,595)(7,285)(106)
Currency translation adjustments(28,119)(38,772)27,288
Changes in available-for-sale securities and other(2,009)(1,014)180
Comprehensive income2,475,4702,572,7501,198,138
Comprehensive income attributable to noncontrolling interests315,622319,629155,646
Comprehensive income attributable to common stockholders2,159,8482,253,1211,042,492
Simon Property Group, L.P.   
REVENUE:   
Lease income4,905,1754,736,7194,302,367
Management fees and other revenues116,904106,48396,882
Other income269,368273,587208,254
Total revenue5,291,4475,116,7894,607,503
EXPENSES:   
Property operating464,135415,720349,154
Depreciation and amortization1,227,3711,262,7151,318,008
Real estate taxes443,224458,953457,142
Repairs and maintenance93,59596,39180,858
Advertising and promotion107,793114,30398,613
Home and regional office costs184,592184,660171,668
General and administrative34,97130,33922,572
Other152,213140,518137,679
Total operating expenses2,707,8942,703,5992,635,694
OPERATING INCOME BEFORE OTHER ITEMS2,583,5532,413,1901,971,809
Interest expense(761,253)(795,712)(784,400)
Loss on extinguishment of debt (51,841) 
Gain on disposal, exchange, or revaluation of equity interests, net (Notes 3 and 6)121,177178,672 
Income and other tax (expense) benefit(83,512)(157,199)4,637
Income from unconsolidated entities647,977782,837219,870
Unrealized losses in fair value of publicly traded equity instruments, net(61,204)(8,095)(19,632)
Gain (loss) on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net5,647206,855(114,960)
CONSOLIDATED NET INCOME2,452,3852,568,7071,277,324
Net income attributable to noncontrolling interests2,738(6,053)(4,378)
Preferred dividends5,2525,2525,252
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS2,444,3952,569,5081,276,450
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:   
General Partner2,136,1982,246,2941,109,227
Limited Partners$ 308,197$ 323,214$ 167,223
BASIC AND DILUTED EARNINGS PER COMMON SHARE:   
Net income attributable to common stockholders - basic (in dollars per share)$ 6.52$ 6.84$ 3.59
Consolidated Net Income$ 2,452,385$ 2,568,707$ 1,277,324
Unrealized gain (loss) on derivative hedge agreements54,80851,114(106,548)
Net gain reclassified from accumulated other comprehensive loss into earnings(1,595)(7,285)(106)
Currency translation adjustments(28,119)(38,772)27,288
Changes in available-for-sale securities and other(2,009)(1,014)180
Comprehensive income2,475,4702,572,7501,198,138
Comprehensive income attributable to noncontrolling interests1,572(2,634)1,666
Comprehensive income attributable to common stockholders$ 2,473,898$ 2,575,384$ 1,196,472

SPG Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS:  
Investment properties, at cost$ 38,326,912$ 37,932,366
Less - accumulated depreciation16,563,74915,621,127
Investment properties, at cost, net21,763,16322,311,239
Cash and cash equivalents621,628533,936
Tenant receivables and accrued revenue, net823,540919,654
Right-of-use assets, net496,930504,119
Investments held in trust - special purpose acquisition company 345,000
Deferred costs and other assets1,159,2931,121,011
Total assets33,011,27433,777,379
LIABILITIES:  
Mortgages and unsecured indebtedness24,960,28625,321,022
Accounts payable, accrued expenses, intangibles, and deferred revenues1,491,5831,433,216
Cash distributions and losses in unconsolidated entities, at equity1,699,8281,573,105
Dividend payable1,9971,468
Lease liabilities497,953506,931
Other liabilities535,736540,912
Total liabilities29,187,38329,376,654
Commitments and contingencies
Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests212,239547,740
Capital stock (850,000,000 total shares authorized, $0.0001 par value, 238,000,000 shares of excess common stock, 100,000,000 authorized shares of preferred stock):  
Series J 83/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,84741,43541,763
Capital in excess of par value11,232,88111,212,990
Accumulated deficit(5,926,974)(5,823,708)
Accumulated other comprehensive loss(164,873)(185,186)
Common stock held in treasury, at cost, 15,959,628 and 14,295,983 shares, respectively(2,043,979)(1,884,441)
Total stockholders' equity3,138,5243,361,452
Noncontrolling interests473,128491,533
Total equity3,611,6523,852,985
Total liabilities and equity33,011,27433,777,379
TRG  
ASSETS:  
Investment, in equity3,074,3453,305,102
Klepierre  
ASSETS:  
Investment, in equity1,561,1121,661,943
Unconsolidated Investments excluding Klepierre and TRG  
ASSETS:  
Investment, in equity3,511,2633,075,375
Simon Property Group, L.P.  
ASSETS:  
Investment properties, at cost38,326,91237,932,366
Less - accumulated depreciation16,563,74915,621,127
Investment properties, at cost, net21,763,16322,311,239
Cash and cash equivalents621,628533,936
Tenant receivables and accrued revenue, net823,540919,654
Right-of-use assets, net496,930504,119
Investments held in trust - special purpose acquisition company 345,000
Deferred costs and other assets1,159,2931,121,011
Total assets33,011,27433,777,379
LIABILITIES:  
Mortgages and unsecured indebtedness24,960,28625,321,022
Accounts payable, accrued expenses, intangibles, and deferred revenues1,491,5831,433,216
Cash distributions and losses in unconsolidated entities, at equity1,699,8281,573,105
Dividend payable1,9971,468
Lease liabilities497,953506,931
Other liabilities535,736540,912
Total liabilities29,187,38329,376,654
Commitments and contingencies
Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests212,239547,740
Capital stock (850,000,000 total shares authorized, $0.0001 par value, 238,000,000 shares of excess common stock, 100,000,000 authorized shares of preferred stock):  
Preferred units, 796,948 units outstanding. Liquidation value of $39,84741,43541,763
General Partner, 326,953,791 and 328,619,625 units outstanding, respectively3,097,0893,319,689
Limited Partners, 47,302,958 and 47,247,936 units outstanding, respectively448,076477,292
Total partners' equity3,586,6003,838,744
Nonredeemable noncontrolling interests in properties, net25,05214,241
Total equity3,611,6523,852,985
Total liabilities and equity33,011,27433,777,379
Simon Property Group, L.P. | TRG  
ASSETS:  
Investment, in equity3,074,3453,305,102
Simon Property Group, L.P. | Klepierre  
ASSETS:  
Investment, in equity1,561,1121,661,943
Simon Property Group, L.P. | Unconsolidated Investments excluding Klepierre and TRG  
ASSETS:  
Investment, in equity3,511,2633,075,375
Common stock  
Capital stock (850,000,000 total shares authorized, $0.0001 par value, 238,000,000 shares of excess common stock, 100,000,000 authorized shares of preferred stock):  
Common stock3434
Class B common stock  
Capital stock (850,000,000 total shares authorized, $0.0001 par value, 238,000,000 shares of excess common stock, 100,000,000 authorized shares of preferred stock):  
Common stock