Simon Prop Grp Stock Price, News & Analysis

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.