![]() ![]() Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. There was a lot of caution on the company's earnings call. Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE:SPG). And the current dividend increase is being issued out of an abundance of caution. This is despite the fact that the company's free cash flow is now back to 2019 levels.įor its part, the company points out that it increased its dividend substantially in 2021. However, after the dividend went down substantially in 2020 for understandable reasons, the company has not raised it to 2019 levels. Simon has typically done this in the form of a dividend. Looking to buy Simon Property Group Stock View todays SPG stock price, trade commission-free, and discuss SPG stock updates with the investor community. The stock demonstrated a mixed performance when compared to some of its. ![]() For investors that can stomach some uncertainty, Simon Property Group is the. closed 30.72 short of its 52-week high (133.08), which the company achieved on February 2nd. REITs are obligated to return a significant percentage of their earnings to shareholders. is a Delaware corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the. Meanwhile, investors seem to have taken the view that all mall REITs should be avoided, even well run ones like Simon. ![]() And the important story for investors is that all of these additional platform investments are reporting positive net operating income (NOI). Plus, the company has investments in two other ventures ABG and Rue Gilt Groupe (RGG). And through its joint venture, SPARC, Simon has licensing ventures in Forever 21, Lucky Brand, and Brooks Brothers. Penney after the latter filed for bankruptcy in 2020. Specifically, the company purchased a significant stake in J.C. The company started buying some distressed assets. And, in this case, it sets up a bullish picture for SPG stock.īesides, Simon Property Group has become more than malls. Its real estate portfolio consists of Premium Outlets, shopping malls, The Mills, and International Properties across North America, Europe, and Asia. And I'm sure that depending on where you live, a real estate investment trust (REIT) that is heavily invested in shopping malls and commercial property may look like a difficult bet.īut we're not one to argue with data. Income investors purchasing Simon Property Group are locking in a double-digit FFO yield of 11 (based on the trust's 2022 guidance) with an FFO multiple of less than 9x. is a real estate investment trust that owns, acquires, and leases dining, shopping, entertainment, and mixed-use destinations. While shares represent units of ownership within a company Contracts for Difference. That certainly is not what you might expect when you hear about the rash of "smash-and-grab" incidents taking place across the country. Each investor owning shares of a company is owning fragments of the company. And stores are reporting double-digit sales growth. However, according to the CBRE Group, foot traffic in the mall sector is above pre-pandemic levels. Looking at message boards, it's not difficult to find bearish sentiment about the future of malls. ![]()
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