Simon Property Group, Inc. (NYSE:SPG) Announces $2.25 Quarterly Dividend

Simon Property Group, Inc. (NYSE:SPG) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Wednesday, September 9th will be given a dividend of 2.25 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 9th.

Simon Property Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Simon Property Group has a dividend payout ratio of 131.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Simon Property Group to earn $13.66 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.9%.

Simon Property Group Trading Down 1.3%

Shares of SPG stock opened at $220.10 on Tuesday. The stock has a market cap of $71.38 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 2.88 and a beta of 1.30. The stock has a 50-day moving average of $221.15 and a 200-day moving average of $205.09. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 4.68. Simon Property Group has a 1-year low of $163.29 and a 1-year high of $238.50.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $1.65. Simon Property Group had a return on equity of 104.54% and a net margin of 70.60%.The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company earned $1.70 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, equities research analysts forecast that Simon Property Group will post 13.21 earnings per share for the current year.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.