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Why Simon Property Group Shares Are Rising Today
Tuesday, November 2, 2021 - 11:35am | 319Simon Property Group Inc (NYSE: SPG) is trading higher after the company announced strong third-quarter financial results. Simon Property Group reported quarterly net income of $2.07 per diluted share, up from 48 cents per diluted share year-over-year. The company reported that funds...
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Josh Brown Says Simon Property Group Could Outperform
Tuesday, May 18, 2021 - 4:46pm | 295Simon Property Group Inc (NYSE: SPG) could outperform on a total return basis over the next three years, Ritholtz Wealth Management CEO Josh Brown said Tuesday on CNBC's "Fast Money: Halftime Report." The way to play the reopening of retailers in malls is to own the...
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How The Largest U.S. REIT Hit An Earnings 'Trifecta'
Monday, July 27, 2015 - 11:38am | 1078Every investor hopes to hit the earnings call jackpot -- when a company announces an earnings beat, boosts guidance and increases its dividend payout. On Friday, the largest U.S. REIT, Simon Property Group Inc (NYSE: SPG) announced its 2Q15 earnings results and operational highlights, which...
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Mr. Market's March Madness: Are Macerich Shares Now On Sale?
Monday, March 23, 2015 - 10:02am | 785What a difference a week can make on Wall Street when a companies shares are "in play." Mr. Market can sometimes be downright difficult to fathom, especially when "good news" drives the price of shares downward, as is the case with Simon Property Group (NYSE: SPG)'s bump...
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Mall Wars Could Get Ugly…In Fact, They Already Have
Wednesday, March 18, 2015 - 11:48am | 761On March 17, Macerich Co (NYSE: MAC) Chairman and CEO Arthur Coppola published a letter response to the recent Simon Property Group Inc (NYSE: SPG) $91 per share unsolicited offer. "[The s]tock portion of Simon's conditional bid would replace equity in a pure play high-end mall company...
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Simon Property Group - Final Offer, Or Initial Salvo To Buy Rival Macerich?
Tuesday, March 10, 2015 - 1:24pm | 854Giant mall landlord Simon Property Group Inc (NYSE: SPG) has been searching for the best way to acquire its smaller rival Macerich Co (NYSE: MAC) in order to add to its impressive portfolio of Class-A regional mall assets. However, based on information contained in the David Simon letter...
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Key Takeaways From The Simon Property Group Q4 Earnings Call...Including An Elephant
Wednesday, February 4, 2015 - 11:22am | 831Simon Property Group Inc (NYSE: SPG) Chairman and CEO David Simon was pleased to discuss in minute detail what some analysts viewed as "a mixed bag" when it came to the announced numbers for Q4 and FY 2014. However, when it came to the "elephant in the room," Simon's...
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These Mall Landlords Just Hit Jolly 52-Week Highs
Monday, December 22, 2014 - 3:43pm | 978It appears that Christmas has come a bit early for investors who own shares of mall landlords Simon Property Group Inc (NYSE: SPG), General Growth Properties Inc (NYSE: GGP) and Macerich Co (NYSE: MAC). At the end of trading on Friday, December 19, 2014 -- the last full week prior to the...
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This Company Just Bet $2.5 Billion On Bricks & Mortar
Wednesday, December 17, 2014 - 5:55pm | 761While retail analysts and most consumers remain steadfastly focused on lower gas prices and holiday shopping trends, it is easy to lose sight of the big picture. How Will Consumers Spend Their Shopping Dollars In The Future? That is, unless one is at the helm of a company that must commit to...
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Simon Property Group Q3 Earnings Call - What Retail Investors Need To Know
Thursday, October 23, 2014 - 9:12am | 1027Simon Property Group Inc (NYSE: SPG) results and guidance can provide investors with insights into retail sector trends and the U.S. consumer, as well as the health of the overall U.S. economy. Therefore, what "Simon Says" is important to many investors for reasons beyond the fact...
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Simon Property Group Inc and Recent WPG Spin: Billions Bet On Glimcher Mall Assets
Wednesday, September 17, 2014 - 8:27am | 709Nobody saw this one coming, as all eyes were looking elsewhere. Simon Property Group Inc (NYSE: SPG) CEO and Chairman David Simon was very clear last week when he presented at the Barclays investor conference that he had no plans on investing in Australian mall assets, despite reports fueled by...
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5 Key Takeaways - Simon Property Group Inc CEO Interview With Brian Sozzi
Monday, September 15, 2014 - 9:48am | 697While some pundits continue to describe the death of U.S. shopping malls as being inevitable -- a result from changing demographics and online shopping trends -- it appears that the death of the mall is greatly exaggerated. If you want to learn about the prospects for regional malls, why not...
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Simon Property Group (SPG) Criticizes General Growth
Friday, February 19, 2010 - 9:30pm | 138Simon Property Group, Inc. (NYSE: SPG) Chief Executive David Simon sent a letter to General Growth Properties Inc.'s Chief Executive Adam Merz, related to General Growth's reaction to a $10 billion takeover bid from Simon Property Group. General Growth Properties wants Simon Property Group to sign...