Simon Property Group Inc SPG

Morningstar Rating
$200.95 +0.14 (0.07%)
View Full Chart

Company Report

Simon's Class A Mall Portfolio Continues to Perform Well in the Current Retail Environment

Simon Property Group, the largest mall real estate investment trust, manages one of the top retail portfolios in the country. It owns and operates Class A traditional regional malls and premium outlets in markets with dense populations and high incomes; these malls frequently have domestic or international tourist appeal. The high-quality properties will continue to provide consumers with unique shopping experiences that are hard to replicate elsewhere, and as a result, we think Simon's portfolio will be sought after by retailers that are increasingly pursuing an omnichannel strategy.

Price vs Fair Value

SPG is trading at a LOCK|@PkM% premium.
Price
$200.81
Fair Value
F!P
Uncertainty
LOCK|zB%S
1-Star Price
LOCK|x.R@$
5-Star Price
LOCK|Y.&>
Economic Moat
LOCK|FL&
Capital Allocation
LOCK|Z$@^K#xk

Bulls Say, Bears Say

Bulls

Simon's access to capital, scale, and validated record position the firm to execute on any attractive and available investment opportunities.

Bears

If consumers change their behavior to favor e-commerce over shopping in stores at a faster adoption rate than the historical average, long-term sales growth could suffer.

News

Trading Information

Previous Close Price
$200.81
Day Range
$200.57–202.89
52-Week Range
$172.19–238.50
Bid/Ask
$200.57 / $203.00
Shares Outstanding
323.56M
Market Cap
$65.02B
Volume/Avg
1M / 1M

Key Statistics

Price/Earnings (Normalized)
28.74
Price/Sales
9.41
Dividend Yield (Trailing)
4.43%
Dividend Yield (Forward)
4.43%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
5.32%

Company Profile

Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $838 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
Sector
Real Estate
Industry
REIT - Retail
Stock Style Box
Mid Core
Total Number of Employees
3,600

Competitors

Valuation

Metric
SPG
MAC
FRT
Price/Earnings (Normalized)
28.7494.9337.39
Price/Book Value
14.792.262.93
Price/Sales
9.415.847.01
Price/Cash Flow
14.5320.5914.60
Price/Earnings
SPG
MAC
FRT

Financial Strength

Metric
SPG
MAC
FRT
Quick Ratio
0.530.511.05
Current Ratio
0.530.631.05
Interest Coverage
6.020.363.27
Quick Ratio
SPG
MAC
FRT

Profitability

Metric
SPG
MAC
FRT
Return on Assets (Normalized)
8.67%0.70%5.19%
Return on Equity (Normalized)
84.77%2.31%14.90%
Return on Invested Capital (Normalized)
12.39%4.26%7.37%
Return on Assets
SPG
MAC
FRT

REIT - Retail Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Realty Income Corp
O
LOCK|<#W!t<WjLOCK|G>$51B
Kimco Realty Corp
KIM
LOCK|%m%rczLOCK|#>$15B
Unibail-Rodamco-Westfield ADR
URMCY
—LOCK|&R$14B
Unibail-Rodamco-Westfield Act. SIIC ET STES FONC.EUROP.
UNBLF
—LOCK|b>$14B
CapitaLand Integrated Commercial Trust
CPAMF
—LOCK|!rL$$14B
Regency Centers Corp
REG
LOCK|?@#DGZ$LOCK|?!$13B
Scentre Group
STGPF
—LOCK|c?Y<@$12B
Federal Realty Investment Trust
FRT
LOCK|@KlJ$dyLOCK|Kpd$9B
Macerich Co
MAC
LOCK|L&#&#n&LOCK|szV$6B

Sponsor Center