Simon Property Group, Inc. (SPG) To Go Ex-Dividend on September 9th

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

Simon Property Group has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive 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%.

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Simon Property Group Stock Down 0.4%

Simon Property Group stock opened at $219.61 on Wednesday. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $71.22 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30. The business has a 50 day simple moving average of $221.47 and a 200-day simple moving average of $205.34. Simon Property Group has a 12 month low of $165.37 and a 12 month high of $238.50.

Simon Property Group (NYSE:SPG – Get Free Report) last announced its earnings results on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 91.46%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business earned $1.70 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. On average, analysts anticipate that Simon Property Group will post 13.21 EPS for the current fiscal year.

About Simon Property Group

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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.

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