Welcome to our dedicated page for Simon Property Group news (Ticker: $SPG), a resource for investors and traders seeking the latest updates and insights on Simon Property Group stock.
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.
Rhea-AI Summary
Simon celebrates its 30th anniversary as a public company, showcasing impressive growth and value creation. Since its IPO, the company's total consolidated revenue has increased thirteen times, reaching over $5.5 billion, and funds from operations have surged nearly 30 times to $4.5 billion. Simon has been an S&P 100 company since 2012, with its total market value growing from $3.5 billion to over $85 billion. The company has distributed over $40 billion in dividends and achieved a total return of more than 2,900%, outperforming the S&P 500 with a compound annual return exceeding 12%. David Simon, Chairman, CEO, and President, highlights the company's commitment to differentiation, growth, and stakeholder welfare.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.55%
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Rhea-AI Summary
Simon is a real estate investment trust (REIT) engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations. The company will present at the Goldman Sachs 2023 U.S. Financial Services Conference on December 5, 2023, at 3:40 p.m. Eastern Time. A live audio webcast of the presentation will be accessible from the Investors section of the Company's website at investors.simon.com. An online replay will be available following the presentation at the same location.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.15%
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Rhea-AI Summary
Simon®: Unveils HolidAI Gift Finder Experience in New York and Los Angeles, Powered by AI Technology
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Rhea-AI Sentiment
End-of-Day
-0.1%
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Simon® Announces €750 Million Unsecured Bond Offering Exchangeable into Klépierre S.A. Shares
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Rhea-AI Sentiment
End-of-Day
0.17%
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Rhea-AI Summary
Simon, a real estate investment trust, is selling $500 million aggregate principal amount of its 6.250% Notes due 2034 and $500 million aggregate principal amount of its 6.650% Notes due 2054. The offering has a weighted average term of 20.2 years and a weighted average coupon rate of 6.450%. The proceeds will be used to repay existing notes and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
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Mercedes-Benz HPC NA and Simon announced a strategic relationship to build a network of premium EV charging hubs at 55 Simon locations in the US. The alliance aims to provide a high-quality charging experience for all EV drivers and bring construction jobs to local communities. The integration includes the deployment of Mercedes-Benz branded EV fast chargers, advertising across Simon's media infrastructure, and utilization of Simon centers for vehicle launches and displays.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
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Simon® has announced that it will not open most of its domestic properties on Thanksgiving Day. Instead, the properties will reopen on Black Friday. Additional information, including the hours of operation for individual properties, can be found by clicking here.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
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Rhea-AI Summary
Simon, a real estate investment trust, reported strong financial and operational performance for the quarter ended September 30, 2023. Net income attributable to common stockholders was $594.1 million, or $1.82 per diluted share, compared to $539.0 million, or $1.65 per diluted share in 2022. Funds From Operations (FFO) was $1.201 billion, or $3.20 per diluted share, inclusive of non-cash gains. Domestic property Net Operating Income (NOI) increased 4.2% and portfolio NOI increased 4.3% compared to the prior year period. Occupancy was 95.2% and base minimum rent per square foot increased 2.9%. Construction started on Jakarta Premium Outlets and the company completed non-recourse mortgage loans totaling $962 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.33%
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Rhea-AI Summary
TYR Sport opens its first brick-and-mortar retail location at Roosevelt Field in Garden City, NY
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Rhea-AI Sentiment
End-of-Day
-0.33%
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Rhea-AI Summary
Simon announces fall campaign to support Susan G. Komen in raising funds for breast cancer prevention and cure. Over 80 Simon properties will participate in the 'Shop with Purpose' program, offering a Digital Savings Pass to consumers who donate $10. Collaboration with artist Corey Paige adds excitement to the campaign. Consumers who donate an additional $25 at select properties will receive exclusive merchandise designed by Corey Paige. Art pieces by Corey Paige will be available in an online auction. 100% of proceeds will benefit Susan G. Komen.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
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Simon Property Group, Inc.
NYSE:SPG
SPG Rankings
SPG Stock Data
46.56B
319.10M
0.94%
91.37%
1.42%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
United States of America
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