Welcome to our dedicated page for Simon Prop Grp news (Ticker: SPG), a resource for investors and traders seeking the latest updates and insights on Simon Prop Grp stock.
Simon Property Group, Inc. (SPG) is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations. As an S&P 100 company with properties across North America, Europe and Asia, Simon regularly issues news on its financial performance, portfolio activity and customer-focused initiatives.
On this page, readers can follow SPG news related to quarterly earnings releases, dividend declarations and operating metrics such as occupancy and retailer sales at its U.S. malls and premium outlets. Simon frequently furnishes earnings press releases and supplemental financial information through Form 8-K filings, which are often accompanied by conference calls and webcasts for investors.
Company announcements also cover capital markets activity, including senior notes offerings by its majority-owned operating partnership, debt refinancing transactions and updates on liquidity and balance sheet management. These items provide insight into how Simon finances its portfolio of shopping, dining, entertainment and mixed-use properties.
In addition, Simon’s news highlights acquisitions, developments and partnerships that shape its portfolio and enhance the experience at its centers. Recent examples include the acquisition of Phillips Place, a mixed-use destination with specialty retail, dining, hotel and residential components, and the planned Sagefield luxury lifestyle development in Tennessee. Simon has also announced collaborations with Electrify America to expand hyper-fast EV charging at its properties and with Autolane to deploy curbside operating systems that support autonomous vehicles at selected centers.
News releases further describe customer-facing initiatives such as the Simon+ loyalty program and the ShopSimon digital marketplace, which connect retailers and shoppers across in-person and online channels. Investors, analysts and shoppers can use this SPG news feed to monitor ongoing developments in Simon’s portfolio, financial reporting and strategic initiatives.
Summary not available.
Summary not available.
Summary not available.
Simon, a leading real estate investment trust, announced the schedule for its first quarter earnings release and conference call. The financial results for the quarter ending March 31, 2023, will be disclosed after market close on May 2, 2023. Following this, Simon will host a conference call from 5:00 p.m. to 6:00 p.m. EDT on the same day. The live audio webcast can be accessed via investors.simon.com. Participants can join the call by dialing specific numbers based on their location. An audio replay will also be available from May 2, 2023, until May 9, 2023. Simon Property Group (NYSE: SPG) reinforces its status as an S&P 100 company, owning premier shopping, dining, and entertainment destinations worldwide.
Simon Property Group has announced plans for the second annual National Outlet Shopping Day, set for June 10 and 11, 2023, at over 90 of its Premium Outlets and The Mills locations in the U.S. and Canada. Following the success of the inaugural event, Simon anticipates an even greater turnout, boosted by exclusive deals from top retailers like Aéropostale, Banana Republic, and Polo Ralph Lauren. This year, the event will also include special online promotions, live-streaming events, and international participation from properties in Mexico, Thailand, and Malaysia. Additionally, the Simon American Express® Credit Card will offer double rewards on select purchases during the event. The excitement includes a contest for a $50,000 getaway to the Orlando Premium Outlets, fostering greater shopper engagement.
On April 4, 2023, Simon announced the opening of Etam's first U.S. store at Dadeland Mall in Miami, set for Summer 2023. This strategic move aims to tap into the growing Miami market, enhancing Dadeland's reputation as a premier retail destination. Etam, established in 1916, operates over 850 stores globally, offering a range of French fashion from lingerie to swimwear. Both Etam's CEO Laurent Milchior and Simon's VP of Leasing Zach Beloff expressed excitement about the partnership, highlighting the store's innovative design and customer-centric experience, including connected fitting rooms and mobile checkout.
Puttshack, the upscale tech-infused mini golf brand, will expand into the Minneapolis metropolitan area with a new location at Southdale Center. Set to open in Spring 2024, this 25,000 square-foot venue will feature four competitive nine-hole courses using patented Trackaball™ technology, along with two full-service bars and a 100-seat outdoor patio. It aims to serve as a premier destination for social gatherings in Edina, Minnesota, following a pattern of strategic expansion in the growing competitive socializing market. The new site signifies Puttshack's second venue in Minnesota, following another announced opening in Minneapolis.
Simon Property Group (SPG) and José Andrés Group (JAG) announce a collaboration to open three new restaurants, including Zaytinya, at premium locations in Las Vegas and Palo Alto. Set to debut between 2023-2024, these establishments aim to enhance the dining experience at Simon's properties like Stanford Shopping Center and The Forum Shops at Caesars Palace. Sam Bakhshandehpour, President of JAG, highlighted the strategic growth opportunities in key markets, while Jonathan Murphy of Simon emphasized the partnership's potential for future expansion. JAG's portfolio includes diverse dining concepts across major U.S. cities.
On March 23, 2023, Simon Property Group (NYSE: SPG) announced the retirement of two long-serving Independent Directors, J. Albert Smith, Jr. and Karen H. Horn, Ph.D., effective at the Annual Meeting on May 4, 2023. David Simon, CEO, expressed gratitude for their invaluable contributions to the company. Smith has been part of the Board since 1993 and served as Chair of the Audit Committee, while Horn joined in 2004, leading corporate governance development. Simon Property Group is a leading real estate investment trust engaged in premier shopping and entertainment destinations globally, generating billions in annual sales.
Simon, a leading real estate investment trust specializing in premier shopping and mixed-use destinations, has announced the appointment of Randall J. Lewis to its Board of Directors, effective March 21, 2023. Mr. Lewis, a Managing Partner at Cleveland Avenue, brings over 35 years of experience in finance, risk management, and operations from his tenure at major firms including GE and Wells Fargo. Chairman David Simon welcomed Lewis, highlighting his extensive skill set. Simon Property Group is a significant player in the industry, reflected by its S&P 100 status and global presence, contributing to billions in annual sales.
FAQ
What is the current stock price of Simon Prop Grp (SPG)?
What is the market cap of Simon Prop Grp (SPG)?
