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Simon Property Group, Inc. - SPG STOCK NEWS

Welcome to our dedicated news page for Simon Property Group (Ticker: SPG), a resource for investors and traders seeking the latest updates and insights on Simon Property Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Simon Property Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Simon Property Group's position in the market.

News
Simon® Announces Exciting Additions to Woodbury Common Premium Outlets®
Rhea-AI Summary
Simon® announces plans to enhance the shopping experience at Woodbury Common Premium Outlets® with a new VIP Suite and additional luxury stores. The outlet center will see the addition of 20 new stores in 2023 and plans for over 20 more in 2024, including renowned brands like David Yurman, Tory Burch, and Gucci. With Q4 2023 sales exceeding $375 million, Woodbury Common continues to be a top economic engine in New York State. A multi-million dollar expansion project is set to add 155,000 square feet of retail space, a luxury hotel, and improved amenities, creating over 3,000 new jobs and generating substantial economic benefits for the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
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News
Simon® Announces Date For Its First Quarter 2024 Earnings Release And Conference Call
Rhea-AI Summary
Simon, a real estate investment trust, announced details for its first-quarter earnings release and conference call. The financial and operational results for the quarter ending March 31, 2024, will be released on May 6, 2024. The conference call will be held from 5:00 p.m. to 6:00 p.m. Eastern Daylight Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
earnings
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News
Equity Residential Appoints Ann C. Hoff and Nina P. Jones to Board of Trustees
Rhea-AI Summary
Equity Residential (EQR) appoints Ann C. Hoff and Nina P. Jones to its Board of Trustees, expanding to 11 members. Ms. Hoff is the President and COO of Bellagio and Park MGM at MGM Resorts International, while Ms. Jones retired from T. Rowe Price, a global investment manager. Both new trustees bring valuable expertise to the company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
management
News
Simon® to Present at Citi's 2024 Global Property CEO Conference
Rhea-AI Summary
Simon, a real estate investment trust, will present at Citi's 2024 Global Property CEO Conference on March 5, 2024. The presentation will be live-streamed on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.55%
Tags
conferences
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News
Simon® Embraces Environmental Transparency by Disclosing through CDP
Rhea-AI Summary
Simon strengthens its commitment to environmental transparency by disclosing its environmental impact through CDP. With a record number of companies disclosing in 2023, Simon's leadership in environmental transparency is commendable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
none
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News
Simon® Announces New $2.0 Billion Common Stock Repurchase Program
Rhea-AI Summary
Simon, a real estate investment trust, has announced a new $2.0 billion common stock repurchase program, replacing the previous program that had approximately $1.7 billion available. The program allows the company to repurchase shares over the next 24 months as market conditions warrant, with no obligation to repurchase any specific amount or number of shares. The shares may be repurchased in the open market or in privately negotiated transactions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
buyback
News
Simon® Reports Fourth Quarterand Full Year 2023 Resultsand Raises Quarterly Dividend
Rhea-AI Summary
Simon Property Group reported strong financial results for the quarter and twelve months ended December 31, 2023. Net income attributable to common stockholders increased to $747.5 million for the quarter and $2.280 billion for the year. Funds From Operations (FFO) also saw an increase to $1.382 billion for the quarter and $4.686 billion for the year. Domestic property Net Operating Income (NOI) and portfolio NOI showed significant growth. U.S. Malls and Premium Outlets Operating Statistics displayed positive occupancy and rent per square foot figures. The company also demonstrated robust capital markets and balance sheet liquidity. Simon's Board of Directors declared an increase in quarterly common stock dividend, and the company issued 2024 guidance for net income and FFO. The press release also outlined the details of the upcoming conference call and provided information on non-GAAP financial measures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.82%
Tags
dividends earnings
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News
Simon Property Group Announces Reporting Information For 2023 Distributions
Rhea-AI Summary
Simon, a real estate investment trust, announced its 2023 year-end tax reporting information. The company's common stock (SPG) had a total annual dividend of $7.45 with a 99.7% taxable ordinary dividend and 0.3% total capital gain distribution. The preferred stock (SPGPrJ) had a total annual dividend of $4.19 with a 99.7% taxable ordinary dividend and 0.3% total capital gain distribution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
none
-
News
Simon® Announces Date For Its Fourth Quarter 2023 Earnings Release And Conference Call
Rhea-AI Summary
Simon, a real estate investment trust (REIT) engaged in premier shopping, dining, entertainment, and mixed-use destinations, announced details for its Q4 earnings release and conference call. Simon's financial and operational results for the quarter ending December 31, 2023, will be released after the market close on February 5, 2024. The quarterly earnings conference call and audio webcast will take place on February 5 from 5:00 p.m. to 6:00 p.m. Eastern Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
earnings
News
Simon Property Group Announces Appointment of Nina P. Jones to Board of Directors
Rhea-AI Summary
Simon, a real estate investment trust (REIT) (NYSE: SPG) announced the appointment of Nina P. Jones to its Board of Directors, effective January 8, 2024. Ms. Jones brings extensive experience from her tenure at T. Rowe Price, where she served as Vice President, Portfolio Manager, of the U.S. Real Estate Equity Strategy and as the global team leader for real estate. She also held roles at KPMG and holds a BS in accounting and finance from the University of Maryland and an MBA from Columbia University, Graduate School of Business with Honors. Larry Glasscock, Lead Independent Director, and David Simon, Chairman of the Board, Chief Executive Officer, and President, expressed their confidence in Ms. Jones' appointment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
management
Stock SPG logo
Simon Property Group, Inc.

NYSE:SPG

SPG Rankings

#264 Ranked by Market Cap
#2244 Ranked by Stock Gains
#564 Ranked by Dividends

SPG Stock Data

54.25B
319.10M
0.94%
91.37%
1.42%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
US
Indianapolis

About SPG

simon is a global leader in retail real estate ownership, management and development and a s&p 100 company (simon property group, nyse: spg). our industry-leading retail properties and investments across north america, europe and asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. our portfolio includes assets of national and international renown - proven assets that are the preferred location for retailers. in addition to our high quality properties, simon is also known for our strong balance sheet, a long-tenured and well-respected senior management team, and our innovative spirit, as reflected in a 50 + year history of successful retail real estate development, management & leasing. employment at simon is considered the pinnacle of a career by real estate professionals due to our leadership position in the industry. with a total market capitalization of over $80 billion, we are well positioned to continue to deliver