Simon Property Group (SPG) Stock Price, Fundamentals & Analysis

What SPG does

Simon Property Group (SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio consists primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, the company owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia, and Europe. It also holds an 88% interest in The Taubman Realty Group, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia, and a 22.4% ownership interest in Klepierre, a Paris-based company with shopping centers in 14 European countries. Simon Property Group, Inc. was incorporated in 1960 and is based in Indianapolis, Indiana.

Key numbers explained

• 204.16 USD is the current share price, the amount investors pay for one share on the market.
• The trailing P/E ratio of 14.4 divides the current share price by the last 12 months of earnings per share (14.17 USD), showing how much the market pays for each dollar of recent earnings.
• The forward P/E ratio of 30 uses expected future earnings, reflecting what investors are willing to pay for anticipated growth.
• The dividend yield of 4.32% tells you the annual dividend income as a percentage of the current share price.
• The ex-dividend date is 9 sept. 2026; to receive the next dividend, you must own the stock before this date.
• 62% of earnings are paid out as dividends, indicating the portion of profit returned to shareholders.
• The beta of 1.31 suggests the stock tends to move about 31% more than the overall market.
• The 52-week price range of 172,19 – 238,5 shows the lowest and highest trading prices over the past year, with the current price near the upper end.

Recent news

• Evercore ISI adjusted its price target on Simon Property to 216 from 219, maintaining an In Line rating, while Scotiabank adjusted its target to 221 from 222, keeping a Sector Perform rating.
• Simon Property Group raised its outlook again and reported a leasing surge as traffic, rents, and retail demand rise.
• The company also announced plans to hand back Square One Mall.

What to watch

As a REIT in the retail sector, Simon Property Group is sensitive to consumer spending trends, retail vacancy rates, and interest rate movements, which affect borrowing costs and property valuations. Its large portfolio across North America, Asia, and Europe means international economic conditions and currency fluctuations can matter. The company's significant leverage, reflected in a debt-to-equity ratio of 503.5, is a factor to monitor alongside any changes in rental income or occupancy. Investors often compare it with peers such as Extra Space Storage (EXR), Vici Properties (VICI), Prologis (PLD), and Mid-America Apartment Communities (MAA), and it is part of the S&P 500.