![]() ![]() Internationally, it has ownership in 34 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada. (NYSE:SPG) shareholder, I cant complain much about the company. About NYSE:SPG Simon Property Group (SPG) Earnings Date, Estimates & Call Transcripts 123.65 -0.10 (-0.08) (As of ET) Compare Todays Range 123.45 124.88 50-Day Range 101. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. As a long-term Simon Property Group, Inc. It also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. SPG (112.79) is trading above its intrinsic value of 90.73, according to an updated version of Benjamin Grahams Formula from Chapter 11 of The Intelligent. It owns or holds an interest in approximately 196 income-producing properties in the United States, which consists of 94 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. ( NYSE:SPG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. As a result, the potential for a financial crisis a-la 2008/2009 remains high. (NYSE:SPG) Thu., J MarketBeat Ameritas Advisory Services LLC bought a new position in Simon Property Group, Inc. (NYSE:SI), Silicon Valley Bank (NASDAQ:SIVB), and Signature Bank (NASDAQ:SBNY) sent shockwaves rippling through the financial system. This site is protected by reCAPTCHA and the Google Privacy Policy. Ameritas Advisory Services LLC Invests 116,000 in Simon Property Group, Inc. The firm has a fifty day moving average price of 108.46 and a. has a 1 year low of 86.02 and a 1 year high of 133.08. NASDAQ data is at least 15 minutes delayed. Shares of SPG stock opened at 115.48 on Monday. The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. NYSE and AMEX data is at least 20 minutes delayed. ![]() is a self-administered and self-managed real estate investment trust (REIT). As a result of lower retail income, Simon reported comparable funds from operations of $2.88 per share that was $0.05 lower than our $2.93 estimate, $0.03 lower than the second quarter of 2022, but $0.14 better than the first quarter of 2023.Real Estate : Retail REITs | Mid Cap Value Company profile The company's retail investments only produced NOI of $50.2 million in the second quarter, which is down from the $116.5 million the company reported in the second quarter of 2022 but up significantly from the $54.6 million loss the company reported in the first quarter of 2023. Minimum rent grew 3.1% year over year, better than our estimate of 2.0% growth, and led to same-store net operating income growth of 3.7% that beat our estimate of 2.4% same-store NOI growth for the second quarter. Occupancy improved 30 basis points sequentially to 94.7%, relatively in line with our 94.6% estimate, and was up 80 basis points year over year. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management. Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100. ![]() Second-quarter results for no-moat Simon Property Group were mixed compared with our estimates, though we didn't see anything in the quarter that would materially change our $150 fair value estimate. Simon Property Group Inc (NYSE:SPG) 121.64 Delayed Data As of 3:59pm ET +0.36 / +0.30 Today’s Change 86.02 Today 52-Week Range 133.08 +3. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |