News
SPG
142.81
-0.67%
-0.97
Simon® Announces Exciting Additions to Woodbury Common Premium Outlets®
World-renowned shopping destination adds premium amenity, new stores and shares update on future expansion plans to Woodbury Common Premium Outlets. The first enhancement to be unveiled will be a stunning new VIP Suite in the center's Adirondacks District. In fall 2023, plans to expand the luxury shopping destination will add 155,000 square feet of retail stores and restaurants. The luxury outlet center features the largest collection of luxury brands in North America.
PR Newswire · 18h ago
Baron Real Estate Income Fund Q1 2024 Shareholder Letter
Baron Real Estate Income Fund increased 1.96% in the first quarter of 2024, outperforming the MSCI US REIT Index. The Fund's cumulative return of 64.46% was more than double that of the REIT index. Morningstar ranked the Fund as the 4th best performing real estate fund in the world.
Seeking Alpha · 19h ago
Peering Into Simon Property Group's Recent Short Interest
Simon Property Group's short percent of float has risen 14.35% since its last report. The company has 4.63 million shares sold short, which is 2.47% of all regular shares available for trading. Short interest is the number of shares that have been sold short but are not yet covered. Short selling is when a trader sells shares with the hope the price will fall.
Benzinga · 2d ago
Is Express (EXPR) Stock on the Brink of Death After Bankruptcy Filing?
Express stock traded for as much as $142 per share during the meme stock mania of early 2021. Express plans to close more than 100 of its 530 stores as part of its reorganization plan. The company has a letter of intent to be acquired by WHP Global. Express has a market capitalization of around $2 million.
Investorplace · 2d ago
Express files Chapter 11 to facilitate majority sale of assets
Consumer Express files Chapter 11 to facilitate majority sale of assets. The company intends to close 95 Express retail stores and all UpWest stores beginning April 23. A consortium led by WHP Global has made a commitment of $35M in new financing to Express. Express has received $49M in cash from the IRS.
Seeking Alpha · 2d ago
Apparel Retailer Express Files for Chapter 11 Bankruptcy
Express says it plans to close about 95 of its namesake stores and sell the bulk of its remaining locations and operations. The apparel retailer has been struggling with declining sales. The company says it has received a letter of intent from a group to sell the majority of its stores. Express says it is still serving customers in stores and online.
Dow Jones · 2d ago
Weekly Report: what happened at SPG last week (0415-0419)?
Weekly Report · 3d ago
Simon Property: Time To Take Some Profit
Simon Property Group downgraded from a buy to a hold due to recent developments. The company's performance rebound has already occurred and occupancy levels are reaching my expected range. Valuation discounts have disappeared and the company's leverage has become more concerning to me. Simon Property Group is valued at a sizable premium to other REITs.
Seeking Alpha · 3d ago
A Hawkish Pivot
U.S. Equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs. The S&P 500 declined another 3.1% this week. High-flying technology stocks were particularly hard hit. Earnings season is off to a shaky start for office REITs.
Seeking Alpha · 3d ago
Real estate stocks continue on downward trajectory as market's April pullback intensifies
Real estate stocks continue on downward trajectory as market's April pullback intensifies. U.S. Existing home sales slid 4.3% in March. Economic activity expanded slightly, the Federal Reserve said in its April Beige Book report. Investors dial back interest rate cut expectations for real estate.
Seeking Alpha · 4d ago
REIT Rally 2.0: Opportunity Awaits For Investment In High-Quality Gems
Seeking Alpha · 4d ago
REIT Earnings Preview: Delay And Pray
Seeking Alpha · 5d ago
The Biggest Mistakes To Avoid In Dividend Investing
Seeking Alpha · 6d ago
What Investors Need To Know About Dividend Cuts
Seeking Alpha · 04/17 11:15
Who's Shopping For Mall REITs?
American malls are experiencing a possible revival, with visits surging and the gap between pre-pandemic levels narrowing. Malls are evolving into hybrid entertainment destinations, offering experiences that online retail cannot replicate. Mall REITs like Simon Property Group and The Macerich Company are attractive investment options.
Seeking Alpha · 04/16 11:00
Short interest on S&P 500 real estate stocks advance in March
Short interest on the S&P 500 real estate stocks advanced in March to 2.07% from 1.95% a month ago. Hotel REITs and Real Estate Management & Development logged the highest increase in short interest. The Real Estate Select Sector SPDR Fund ETF is down 7.89% year-to-date.
Seeking Alpha · 04/15 15:39
Weekly Report: what happened at SPG last week (0408-0412)?
Weekly Report · 04/15 09:06
SIMON PROPERTY GROUP INC <SPG.N>: JEFFERIES RAISES TARGET PRICE TO $155 FROM $142
Reuters · 04/15 07:42
I Added Simon Property Group's 5.4% Dividend Yield To My Shopping
Simon Property Group just hiked its dividend by 2.6% and currently offers a 5.4% dividend yield. The shopping mall and outlet center REIT owns high-quality retail assets in some of the best locations in the U.S. The company has a strong balance sheet with access to $11 billion in liquidity. Simon Property Group is expected to grow its NOI by 3% in 2024.
Seeking Alpha · 04/15 03:46
Real estate stocks continue to dip as earnings season kicks off
Real estate stocks continue to dip as earnings season kicks off. The broader S&P 500 put in its worst weekly performance since late October last year. The Real Estate Select Sector SPDR Fund ETF closed 2.97% lower this week. Inflation data marred sentiments as the Q1 earnings season kicked off on a mixed note.
Seeking Alpha · 04/13 16:00
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About SPG
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. It owns or holds an interest in approximately 195 income-producing properties in the United States, which consists of 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. It also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. Internationally, the Company has ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.