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Simon Property (SPG) Company Profile

Updated May 3, 2019
Simon Property has the following business profile:
Company's Full Name:Simon Property Group Inc
Short Name:Simon Property
Trading Ticker Symbol:SPG
Primary Exchange:NYSE
Headquarter City/Country:Indianapolis, Indiana
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Real Estate Investment Trusts
Main Business Areas: Retail REIT, REIT, Low Volatility, Consumer Services, Real Estate Investment Trusts, REITs, Real Estate
Dividend Payments:Dividend History

Market and Trading Information for Simon Property

The following details were available for trading and market data about the stock of Simon Property as of writing:
Current Share Price:$179.41
Previous Year's Closing Price:$167.99
Percentage Price Change (YTD):6.8%
Market Cap:$63.83 billion
52-week Price Range:$152.5 - $191.49
Dividend Per Share:$8
EPS (TTM):7.65
Price-Earnings (Trailing):23.46
Price-Earnings (Forward):23.79

Company Profile and Business Description for Simon Property

Simon Property Group, Inc., incorporated on March 10, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development. Internationally, as of December 31, 2016, it had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico, and one Premium Outlet in Malaysia. As of December 31, 2016, it also owned an interest in six Designer Outlet properties in Europe and one Designer Outlet property in Canada. As of December 31, 2016, it also had four international outlet properties under development. As of December 31, 2016, it owned a 20.3% equity stake in Klepierre SA, or Klepierre, a real estate company, which owns, or has an interest in, shopping centers located in 16 countries in Europe.

The Company's properties in the United States primarily consist of malls, Premium Outlets, The Mills, lifestyle centers and other properties. As of December 31, 2016, these properties contained an aggregate of approximately 182.3 million square feet of gross leasable area (GLA). Malls contain traditional department store anchor or a combination of anchors and big box retailers with a range of smaller stores connecting the anchors. As of December 31, 2016, its 108 malls were generally enclosed centers and ranged in size from 260,000 to 2.7 million square feet of GLA. As of December 31, 2016, the malls contained in the aggregate more than 13,600 occupied stores, including 504 anchors, which were predominately national or international retailers. Premium Outlets contain a range of designer and manufacturer stores located in open-air centers. As of December 31, 2016, its 67 Premium Outlets ranged in size from 150,000 to 890,000 square feet of GLA. The Premium Outlets are located near major metropolitan areas and/or tourist destinations. As of December 31, 2016, its 14 properties in The Mills are located in metropolitan areas. They have a combination of traditional mall, outlet center, and big box retailers and entertainment uses.

As of December 31, 2016, the Company also had interests in four lifestyle centers and 13 domestic other retail properties. As of December 31, 2016, the lifestyle centers ranged in size from 160,000 to 900,000 square feet of GLA. As of December 31, 2016, the Company owned 134 of its properties, control over 10 properties, in which it had a joint venture interest, and held the remaining 59 properties through unconsolidated joint venture interests. The Company's international properties are managed locally by joint ventures.

225 W Washington St

Peer / Competitor Companies of Real Estate Investment Trusts Sector

Along with Simon Property Group Inc, the following other peer (competitor) companies also exist within the same Real Estate Investment Trusts - Consumer Services sector whose company profile and dividend history is as follows:

▶ Acadia Realty Trust (AKR): Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core and Fund - operating platforms and its disciplined, location-driven....See Detailed Company Profile  and Dividend History.

▶ ACRE Realty Investors (AIII): ACRE Realty Investors Inc., formerly Roberts Realty Investors, Inc., incorporated on July 22, 1994, is a commercial real estate investment and operating company. The Company is focused on commercial real ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNC): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCB): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCP): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ Agree Realty (ADC): Agree Realty Corporation (Agree Realty), incorporated on December 15, 1993, is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. ....See Detailed Company Profile  and Dividend History.

▶ Alexander's (ALX): Alexanders, Inc., incorporated on May 16, 1955, is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. The Company is managed ....See Detailed Company Profile  and Dividend History.

▶ Alexandria Real Estate Equities (ARE): Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ....See Detailed Company Profile  and Dividend History.

▶ American Assets Trust (AAT): American Assets Trust, Inc., incorporated on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, ....See Detailed Company Profile  and Dividend History.

▶ American Campus Communities (ACC): American Campus Communities, Inc. (ACC), incorporated on March 9, 2004, is a self-managed and self-administered equity real estate investment trust (REIT). The Company holds interest in American Campus Communities Operating ....See Detailed Company Profile  and Dividend History.

▶ American Farmland (AFCO): American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland ....See Detailed Company Profile  and Dividend History.

▶ American Homes 4 Rent (AMH): American Homes 4 Rent, incorporated on October 19, 2012, is an internally managed real estate investment trust (REIT) focused on acquiring, renovating, leasing and operating single-family homes as rental properties. ....See Detailed Company Profile  and Dividend History.

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▶ American Tower REIT (AMT): American Tower Corporation (ATC), incorporated on September 24, 1996, is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications ....See Detailed Company Profile  and Dividend History.

▶ Annaly Capital Management (NLY): Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Anworth Mortgage Asset (ANH): Anworth Mortgage Asset Corporation, incorporated on October 16, 1997, is a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total returns to its stockholders over ....See Detailed Company Profile  and Dividend History.

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