simon is a global leader in retail real estate ownership, management and development and a s&p 100 company (simon property group, nyse: spg). our industry-leading retail properties and investments across north america, europe and asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. our portfolio includes assets of national and international renown - proven assets that are the preferred location for retailers. in addition to our high quality properties, simon is also known for our strong balance sheet, a long-tenured and well-respected senior management team, and our innovative spirit, as reflected in a 50 + year history of successful retail real estate development, management & leasing. employment at simon is considered the pinnacle of a career by real estate professionals due to our leadership position in the industry. with a total market capitalization of over $80 billion, we are well positioned to continue to deliver
Company profile
Ticker
SPG, SPG-PJ
Exchange
Website
CEO
David Simon
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CORPORATE PROPERTY INVESTORS INC
SEC CIK
Corporate docs
Subsidiaries
Simon Property Group, L.P. • Simon Property Group • M.S. Management Associates, Inc. • Kravco Simon Investments, L.P. • Premium Outlet Partners, L.P. • SPG Mayflower, LLC • Silver Merger Sub 1, LLC • Silver Merger Sub 2, LLC • Simon Services, Inc. • Simon Global Development B.V. ...
IRS number
46268599
SPG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Results of Operations and Financial Condition
2 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
5 May 23
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Results of Operations and Financial Condition
2 May 23
DEFA14A
Additional proxy soliciting materials
20 Apr 23
8-K
Simon Property Group Announces Appointment of Randall J. Lewis to Board of Directors
23 Mar 23
ARS
2022 FY
Annual report to shareholders
23 Mar 23
DEFA14A
Additional proxy soliciting materials
23 Mar 23
DEF 14A
Definitive proxy
23 Mar 23
Transcripts
SPG
Earnings call transcript
2023 Q2
2 Aug 23
SPG
Earnings call transcript
2023 Q1
2 May 23
SPG
Earnings call transcript
2022 Q4
6 Feb 23
SPG
Earnings call transcript
2022 Q3
1 Nov 22
SPG
Earnings call transcript
2022 Q2
2 Aug 22
SPG
Earnings call transcript
2022 Q1
10 May 22
SPG
Earnings call transcript
2021 Q4
8 Feb 22
SPG
Earnings call transcript
2021 Q3
2 Nov 21
SPG
Earnings call transcript
2021 Q2
3 Aug 21
SPG
Earnings call transcript
2020 Q3
10 Nov 20
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 837.47 mm | 837.47 mm | 837.47 mm | 837.47 mm | 837.47 mm | 837.47 mm |
| Cash burn (monthly) | 105.99 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 322.27 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 515.20 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 4.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
88.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 955 |
| Opened positions | 83 |
| Closed positions | 91 |
| Increased positions | 350 |
| Reduced positions | 346 |
| 13F shares | Current |
|---|---|
| Total value | 31.86 tn |
| Total shares | 289.36 mm |
| Total puts | 2.18 mm |
| Total calls | 3.16 mm |
| Total put/call ratio | 0.7 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 46.25 mm | $5.34 tn |
| BLK Blackrock | 34.01 mm | $3.93 tn |
| CNS Cohen & Steers | 24.43 mm | $2.83 tn |
| STT State Street | 22.60 mm | $2.61 tn |
| Melvin Simon & Associates | 12.52 mm | $0.00 |
| Geode Capital Management | 7.64 mm | $880.67 bn |
| FMR | 6.49 mm | $749.44 bn |
| MS Morgan Stanley | 5.83 mm | $673.03 bn |
| DSECF Daiwa Securities | 5.43 mm | $627.99 bn |
| JPM JPMorgan Chase & Co. | 4.70 mm | $542.95 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 May 23 | Aeppel Glyn | Common Stock | Grant | Acquire A | No | No | 0 | 1,700 | 0.00 | 14,679 |
| 4 May 23 | Larry C Glasscock | Common Stock | Grant | Acquire A | No | No | 0 | 1,927 | 0.00 | 37,074 |
| 4 May 23 | Hubbard Allan B | Common Stock | Grant | Acquire A | No | No | 0 | 1,700 | 0.00 | 30,597 |
| 4 May 23 | Leibowitz Reuben S | Common Stock | Grant | Acquire A | No | No | 0 | 1,813 | 0.00 | 48,621 |
| 4 May 23 | Peggy Fang Roe | Common Stock | Grant | Acquire A | No | No | 0 | 1,632 | 0.00 | 3,681 |
News
Addressing Performance Concerns: Simon Property Group Manages Decreased Earnings and Adjusts Dividends
12 Sep 23
6 Analysts Have This to Say About Simon Property Group
29 Aug 23
Truist Securities Maintains Hold on Simon Property Group, Lowers Price Target to $125
29 Aug 23
JP Morgan Maintains Neutral on Simon Property Group, Lowers Price Target to $124
29 Aug 23
Earnings Scheduled For August 10, 2023
10 Aug 23
Press releases
Cardless Unveils Enhanced Simon Card with 5% Cash Back at Every Store At Simon Centers
28 Sep 23
Simon® Announces Date For Its Third Quarter 2023 Earnings Release And Conference Call
28 Sep 23
Dropit Provides Omnichannel Capabilities to Retailers at Simon® Properties
26 Sep 23
Simon® to Present at BofA Securities 2023 Global Real Estate Conference
7 Sep 23
The Falls Debuts Miami's First-Of-Its-Kind, 120,000-Square-Foot Life Time Athletic Country Club on August 4
4 Aug 23