Simon Property Group Inc.

SPG-N

NYSE:SPG

67.81
1.79 (2.71%)
Simon Property Group, Inc. is an American commercial real estate company in the United States and the largest real estate investment trust. It is also the largest shopping mall operator in America.
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Analysis and Opinions about SPG-N

Signal
Opinion
Expert
BUY
BUY
April 29, 2014

You can’t go wrong with this one. Beautiful retail properties. The best malls don’t suffer from e-commerce. Their last earnings surprised significantly to upside. A good long term hold.

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You can’t go wrong with this one. Beautiful retail properties. The best malls don’t suffer from e-commerce. Their last earnings surprised significantly to upside. A good long term hold.

STRONG BUY
STRONG BUY
February 26, 2014

Tremendous value in this company. Best real estate portfolio in the world and trading at a big discount to its NAV. This is the largest component of the US real estate index. As money comes back into REITs this one will benefit the most. It is his largest US holding.

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Tremendous value in this company. Best real estate portfolio in the world and trading at a big discount to its NAV. This is the largest component of the US real estate index. As money comes back into REITs this one will benefit the most. It is his largest US holding.

PAST TOP PICK
PAST TOP PICK
November 20, 2013

(A Top Pick July 9/13. Down 4.2%.) Payout ratio of 70%. Had very strong earnings reporting in Q3. Trading at about a 10% discount to NAV were historically it traded at a 3% premium. Feels it owns the highest quality mall portfolio in the US and they are now expending globally as well. Valuation is very compelling.

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(A Top Pick July 9/13. Down 4.2%.) Payout ratio of 70%. Had very strong earnings reporting in Q3. Trading at about a 10% discount to NAV were historically it traded at a 3% premium. Feels it owns the highest quality mall portfolio in the US and they are now expending globally as well. Valuation is very compelling.

TOP PICK
TOP PICK
August 2, 2013

The best and largest mall REIT globally. NAV is about $180 with a target price as high as $213. Feels it is worth $185-$186. 2.9% dividend yield.

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The best and largest mall REIT globally. NAV is about $180 with a target price as high as $213. Feels it is worth $185-$186. 2.9% dividend yield.

TOP PICK
TOP PICK
July 9, 2013

This is sitting at about a 10% discount to NAV. Historically has not traded at that kind of level. A world-class REIT. Shopping malls, predominantly in the US, but also in Asia and Europe. Have a 30% interest in a European REIT called Kleppierre. These are high quality malls that are operating anywhere from $500-$600 per square foot in terms of sales. They have seen 8% increase on average in the last 6 quarters in a sales per square foot number, which means consumers are starting to spend a little in the US and are heading to the high quality malls. 2.8% yield but free cash flow yield is in the double digits. Very low payout ratio.

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This is sitting at about a 10% discount to NAV. Historically has not traded at that kind of level. A world-class REIT. Shopping malls, predominantly in the US, but also in Asia and Europe. Have a 30% interest in a European REIT called Kleppierre. These are high quality malls that are operating anywhere from $500-$600 per square foot in terms of sales. They have seen 8% increase on average in the last 6 quarters in a sales per square foot number, which means consumers are starting to spend a little in the US and are heading to the high quality malls. 2.8% yield but free cash flow yield is in the double digits. Very low payout ratio.

BUY
BUY
January 19, 2010
Favorite US REIT. Great balance sheet, sustainable payout ratio, and great mall assets. Done tremendous job of retaining tenancy. Not a lot of exposure to co-tenancy. Family run.
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Favorite US REIT. Great balance sheet, sustainable payout ratio, and great mall assets. Done tremendous job of retaining tenancy. Not a lot of exposure to co-tenancy. Family run.
COMMENT
COMMENT
April 17, 2009
With Bear ETFs there is the potential slippage in value due to the leverage.
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With Bear ETFs there is the potential slippage in value due to the leverage.
TOP PICK
TOP PICK
January 14, 2008
The largest retail REIT in the US. Owns dominant regional malls across the US and increasingly in Europe and Asia. 30% to 35% discount to NAV. 6% free cash flow yield. 4.2% distribution.
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The largest retail REIT in the US. Owns dominant regional malls across the US and increasingly in Europe and Asia. 30% to 35% discount to NAV. 6% free cash flow yield. 4.2% distribution.
TOP PICK
TOP PICK
July 2, 2004
Office property area has not performed as well as others. Starting to move well now. Fundamentals will get stronger six months to a year out.
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Office property area has not performed as well as others. Starting to move well now. Fundamentals will get stronger six months to a year out.
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