![]() ![]() As typical, that full-year result came ahead of original management guidance, which was for up to $11.70 in comparable FFO per share. For the full year, comparable FFO stood at $11.87 per share, up 3.8% YOY. SPG closed out 2022 with $3.15 in comparable FFO per share in the fourth quarter, up marginally from $3.11 per share in 2021. With the stock returning 23% since then, the valuation proposition is no longer as attractive. I last covered SPG in October where I explained why I was finally turning bullish again due to valuation. SPG Stock Priceįor a while in late 2021, SPG had returned to pre-pandemic levels but has since given back some of those gains. With the stock now trading at a 5.8% dividend yield, the risk-reward no longer favors a bullish position. ![]() The company maintains a strong balance sheet and trades cheaply on the basis of funds from operations, but I expect the company to have to continue funding redevelopment projects for the indefinite future just to counteract e-commerce headwinds. The problem is that even as the company moves beyond pandemic headwinds, the same fears regarding e-commerce remain ever-present and are now being met with fears of a recession. – 2022 Incentive Compensation Plan.With the pandemic in the rear view mirror, Simon Property Group ( NYSE: SPG) is still trading well below pre-pandemic levels. Simon® Reports Second Quarter 2022 Results and Increases Full Year 2022 Guidance and Raises Quarterly Dividend Simon® Reports Third Quarter 2022 Results and Increases Full Year 2022 Guidance and Raises Quarterly Dividend Simon® Reports Fourth Quarter and Full Year 2022 Results and Simon Property Group, L.P.ĭescription of Each Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934. List of Subsidiaries of Simon Property Group Inc. THIRD AMENDED AND RESTATED $5,000,000,000 CREDIT AGREEMENT dated as of MaSIMON PROPERTY GROUP, L.P., THE INSTITUTIONS FROM TIME TO TIME PARTY HERETO AS LENDERS, JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT JPMORGAN CHASE BANK, N.A. Simon Property Group Announces New $5.0 Billion Revolving Credit Facility Simon Property Group Announces That Its Two Most Highly Tenured Independent Directors Will Retire from the Board Simon Property Group Announces Appointment of Randall J. Simon® Reports First Quarter 2023 Results and Increases Full Year 2023 Guidance and Raises Quarterly Dividend Other Platform Investment Incentive Program – 2023 Incentive Compensation Plan.įorm of Simon Property Group Series 2023 LTIP Unit Award Agreement.įorm of Certificate of Designation of Series 2023 LTIP Units of Simon Property Group, L.P.įorm of Simon Property Group 2023 Restricted Stock Unit Award Agreement. Simon® Reports Second Quarter 2023 Results and Increases Full Year 2023 Guidance and Raises Quarterly Dividend VANGUARD INDEX FUNDS - Vanguard Value Index Fund Investor Shares VANGUARD INDEX FUNDS - Vanguard Mid-Cap Index Fund Investor SharesĬOHEN & STEERS REAL ESTATE SECURITIES FUND INC - Cohen & Steers Real Estate Securities Fund Class AįIDELITY CONCORD STREET TRUST - Fidelity 500 Index FundĬOHEN & STEERS INSTITUTIONAL REALTY SHARES INC - Cohen & Steers Institutional Realty Shares VANGUARD INDEX FUNDS - Vanguard 500 Index Fund Investor Shares VANGUARD INDEX FUNDS - Vanguard Total Stock Market Index Fund Investor Shares VANGUARD SPECIALIZED FUNDS - Vanguard Real Estate Index Fund Investor Shares This data is sourced directly from the SEC via 13F and NPORT filings. This table shows the top 25 institutional owners of the company. ![]()
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