Simon Property Group, Inc.
SPG
Market Cap$45.73B
Close$
Earnings Call Q4 2023
February 5, 2024 - AI Summary
Simon Property Group reported strong financial results for the fourth quarter and full year 2023, with FFO of $1.38 billion or $3.69 per share in Q4.
Domestic property NOI increased by 7.3% YoY in Q4, contributing to a 4.8% increase for the full year.
The company signed over 960 leases for approximately 3.4 million square feet in Q4, with new deals having going-in rents of around $74 per square foot.
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$69.74
51.2% downside
Current Fair Value
51.2% downsideOvervalued by 51.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $45.73 Billion |
|---|---|
| Enterprise Value | $69.59 Billion |
| Dividend Yield | $7.4447 (5.3%) |
| Earnings per Share | $6.98 |
| Beta | 0.99 |
| Outstanding Shares | 325,765,584 |
| Avg 30 Day Volume | 1,260,397 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 20.06 |
|---|---|
| PEG | 183.39 |
| Price to Sales | 8.4 |
| Price to Book Ratio | 15.87 |
| Enterprise Value to Revenue | 12.3 |
| Enterprise Value to EBIT | 21.87 |
| Enterprise Value to Net Income | 30 |
| Total Debt to Enterprise | 0.37 |
| Debt to Equity | 8.61 |
Revenue Sources
No data
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...