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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Simon Property Group Inc. (SPG-N) is the largest class A, enclosed mall operator in the US with a strong outlet center business and investments abroad. Despite initial struggles post-Covid, their high-quality malls have shown resilience, with a strong quarter indicating a potential for growth. The company has successfully secured higher-end tenants and continues to innovate, partnering with Shein to expand their online marketplace. Overall, experts are optimistic about the future of SPG-N, expecting continued success in the class A mall sector.

Consensus
Optimistic
Valuation
Fair Value
Similar
Brookfield Property REIT Inc., BPR
WAIT

Would consider buying this as well as Tanger and Federal Realty as interest rates eventually are cut and to diversify a portfolio.

investment companies / funds
BUY

Largest class A, enclosed mall operator in the US. Great outlet centre business, plus investments abroad. "A" malls have shown resilience, defying predictions for the sector. Class A will continue to thrive. Great job securing higher-end tenants.

investment companies / funds
BUY

It reports Monday. A huge owner of malls. Watch their report for the state of malls real estate. He expects a good quarter, and they will continue to pay good dividends.

investment companies / funds
BUY

They own the best-quality malls. Shares rebounded in late 2021 to pre-Covid levels, but have struggled since. Their 6.8% dividend yield is less attractive amid high interest rates. But its just-released quarter revived shares. They delivered a big revenue beat of 7.2% YOY, funds from operation also beat, and had a super 92% occupancy rate. Minimum rents were 3% YOY. They raised their earnings forecast. Also, their Sparc operation will partner with fast fashion company, Shein, to expand their online marketplace to Forever 21 stores. Goldman Sachs expects malls and retail to expand next year as more people shore in stores.

investment companies / funds
BUY

A great CEO and it has paid $33 billion in dividends (at 6%)

investment companies / funds
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

SPG is now trading at 17.5x times' Forward P/E. 
The company’s revenue was hit quite hard during the pandemic and SPG’s revenue and EBIT in the trailing twelve-month did not recover to 2019’s levels. 
The balance sheet is quite leveraged like other REITs, with net debt of $24.8B. 
Total debt is around 6.5x times trailing twelve-month cash flow of $3.8B, and cash flow grew slightly around 3% compared to $3.6B last year. 
Based on consensus estimates, sales are expected to grow by 2% - 3% on average going forward.The company has been resilient and managed to pay predictable dividends. 
Although the dividend yield looks attractive and would likely be sustainable in the near term, the potential of consistently increasing dividends in a foreseeable future and long-term capital appreciation is not high. 
The business’s growth outlook is not impressive, and SPG may face potential headwinds for growth due to the transition to e-commerce.
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investment companies / funds
BUY ON WEAKNESS

They're a long-duration asset. He models $91.42, 17% lower than today. Wait for $87 to enter. Why buy stocks when you can get a 5% GIC in Canada?

investment companies / funds
COMMENT

It reports Monday. Can America's largest mall REIT cut it? Maybe. They're smart guys. Definitely listen to their conference call.

investment companies / funds
BUY
Reported after hours a mixed quarter, but positive guidance. They hold A-list malls. Occupancy is 93.9% vs. 91.8%--great. EPS beat, but revenues missed. They were on death's door two years ago but have come back impressively. The quarter was better than she expected.
investment companies / funds
PARTIAL SELL
Just reported their quarter, mostly positive The quarter is a read on the economy. They increased their dividend, boast 94% occupancy, their retail stores are seeing strong demand. Is this as good as it gets for SPG in this economy? He would take profits.
investment companies / funds
BUY
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. The only AHY that he's still confident with. They reported a good quarter. However, he came into this too early and was overconfident about retail overall. SPG pays nearly a 6% dividend.
investment companies / funds
PAST TOP PICK
(A Top Pick Jan 13/20, Up 90%) Revenue is more protected long-term. Customers still want the bricks and mortar experience for high quality, high-end. Valuation now back to pre-pandemic levels. Most returns are behind it. Won't see doubling of money this year. Yield is 4%.
investment companies / funds
WAIT
No to any of these property names. Model price of $154.84, 5% downside. Yield is 3.72%. He'd be a more willing buyer around $117-120.
investment companies / funds
PAST TOP PICK
(A Top Pick Nov 19/20, Up 115%) Will continue to do well, but most of the gains are behind it. He wouldn't step into this name now, as it's gotten pricey.
investment companies / funds
BUY
They own the best malls in the U.S. His favourite REIT in this space. Reported a strong quarter in August with occupancy rates climbing. It's trading the cheapest ever, so the stock is bound to rise. Pays a 4.6% dividend.
investment companies / funds
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Simon Property Group Inc.(SPG-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Simon Property Group Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Simon Property Group Inc.(SPG-N) Frequently Asked Questions

What is Simon Property Group Inc. stock symbol?

Simon Property Group Inc. is a American stock, trading under the symbol SPG-N on the New York Stock Exchange (SPG). It is usually referred to as NYSE:SPG or SPG-N

Is Simon Property Group Inc. a buy or a sell?

In the last year, 3 stock analysts published opinions about SPG-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Simon Property Group Inc..

Is Simon Property Group Inc. a good investment or a top pick?

Simon Property Group Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Simon Property Group Inc..

Why is Simon Property Group Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Simon Property Group Inc. worth watching?

3 stock analysts on Stockchase covered Simon Property Group Inc. In the last year. It is a trending stock that is worth watching.

What is Simon Property Group Inc. stock price?

On 2024-07-23, Simon Property Group Inc. (SPG-N) stock closed at a price of $156.82.