Simon Property Group, Inc.
SPG
Market Cap$49.07B
Close$
Earnings Call Q4 2024
February 4, 2025 - AI Summary
Strong Financial Performance: Simon Property Group (SPG) reported record total funds from operation (FFO) of $4.9 billion, equating to $12.99 per share, reflecting a year-over-year growth of 3.9% in real estate FFO at $12.24 per share. The company returned over $3 billion to shareholders in cash dividends, totaling approximately $45 billion in dividends paid since going public.
Leasing Momentum: SPG signed a record 5,500 leases amounting to over 21 million square feet in 2024, with occupancy rates reaching 96.5% across malls and outlets— the highest in eight years. This strong leasing performance indicates robust tenant demand and positions the company well for future revenue growth.
Guidance and Growth Expectations: For 2025, SPG provided guidance for real estate FFO between $12.40 to $12.65 per share, which reflects at least 3% growth in domestic net operating income (NOI) and includes a projected increase in net interest expenses of $0.25 to $0.30 per share compared to 2024.
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$215.42
46.3% upside
Current Fair Value
46.3% upsideUndervalued by 46.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $49.07 Billion |
|---|---|
| Enterprise Value | $48.87 Billion |
| Dividend Yield | $8.25 (5.48537234042553%) |
| Earnings per Share | $7.26 |
| Beta | 1.48 |
| Outstanding Shares | 327,482,843 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 20.77 |
|---|---|
| PEG | -190.29 |
| Price to Sales | 8.18 |
| Price to Book Ratio | -147.2 |
| Enterprise Value to Revenue | 8.19 |
| Enterprise Value to EBIT | 15.8 |
| Enterprise Value to Net Income | 39 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | 10.37 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Simon Property Group, Inc.
2,018 employees
CEO: David Simon Simon Property Group, Inc. is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company Its properties across North America, Europe and Asia prov...