Previous close | 32.15 |
Open | 32.15 |
Bid | 33.10 |
Ask | 33.70 |
Strike | 80.00 |
Expiry date | 2025-01-17 |
Day's range | 32.15 - 32.15 |
Contract range | N/A |
Volume | |
Open interest | 60 |
The 7.2% dividend yield might attract dividend investors, but the balance sheet suggests other options might be better.
Simon's (SPG) landmark venture represents the latest transformation in mixed-use development, marking the first hotel within the Northgate Station complex.
Simon (SPG) collaborates with The Webster to introduce three new luxury boutiques. This strategic move promises to transform the luxury shopping landscape.
The Federal Reserve's spate of aggressive rate hikes has had all sorts of effects on the broader U.S. economy, including putting real estate investment trusts (REITs) in the discount bin. As a general rule, real estate investment trusts don't react well to rate hikes because they use a lot of debt to finance their operations and rising rates increase their borrowing costs. The market knows this and tends to sell off its holdings in REITs when rates start rising.
Crown Castle (NYSE: CCI), Brookfield Asset Management (NYSE: BAM), and Simon Property (NYSE: SPG) currently stand out to a few Fool.com contributors for their outsize yields. Marc Rapport (Crown Castle): If someone needs to get in touch with you right now and scream about a great stock buy, there's a decent chance that Crown Castle will be the subject of that message.
Simon (SPG) declares a partnership expansion with a leading retailer of trendy products for teens and tweens to open more stores at its properties by 2023.
If you are looking to generate additional income or balance out your portfolio with some great dividend-paying stocks, there are many excellent options to choose from among the stocks in the S&P 500. Or you could go right to the S&P 500 and pick the stocks with the five highest dividend yields. The stocks that currently have the highest dividend yields on the S&P 500 are Altria Group (NYSE: MO) (8.2%); V.F. Corp (NYSE: VFC) (6.9%); Newell Brands (NASDAQ: NWL) and Verizon Communications (NYSE: VZ) (6.3% each); and Simon Property Group (NYSE: SPG) (6.1%).
Simon Property's (SPG) Q1 results reflect better-than-anticipated revenues. However, higher operating expenses were a woe. The company also raises its 2023 FFO per share outlook and dividend.
Presenting on today's call is David Simon, chairman, chief executive officer, and president. All platforms achieved record sales level, including the mills at $683 a foot, a 2.2%, and TRG was $1,100 per square foot, a 6% increase.
Simon Property (SPG) delivered FFO and revenue surprises of -2.14% and 1.08%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Resilient demand for Simon Property's (SPG) properties and focus on mixed-use assets are likely to have aided its Q1 earnings.
Kimco's (KIM) Q1 earnings outshine estimates on better-than-anticipated revenues. Rental rate growth and a rise in occupancy aid its performance. The company revises its 2023 FFO per share outlook.
SITE Centers (SITC) reports better-than-anticipated Q1 results on the back of healthy leasing activity and year-over-year growth in base rent per square foot. It raises its outlook for 2023.
Simon Property (SPG) closed at $110.66 in the latest trading session, marking a -0.1% move from the prior day.
The mall REIT is counted among the industry leaders, but its finances aren't nearly as strong as its main peer.
Simon Property (SPG) closed at $110.16 in the latest trading session, marking a +0.55% move from the prior day.
Concerns about recent bank failures have led investors to watch the commercial real estate market. Small banks hold a relatively large share of commercial loans, and consecutive rate hikes by the Fed make it unlikely that those businesses will refinance given the high rate environment. Meanwhile, flexible work arrangements are also lending to declining occupancy rates among many businesses. In an interview with Yahoo Finance's Rachelle Akuffo, Marcus & Millichap CEO Hessam Nadji said, "The hybrid work environment and the reduced footprint in office buildings is a major concern." Nadji says we're currently seeing the worst of the office decline, noting that, "in the next two to five years, you're going to see much more return to the office. It won't be pre-pandemic levels. I think there is a structural and permanent reduction of office space needs." Watch our full conversation with Hessam Nadji here. Key video moments: 00:00:05 The hybrid work environment 00:00:12 Return to the office outlook
Strong wage growth and increasing consumer spending tend to go hand-in-hand. As long as consumer spending holds up, retail-focused real estate investment trusts (REITs) should perform well. Here are two retail REITs that investors may want to consider picking up in April.
Simon's (SPG) opening of the first U.S. store of the French brand Etam at Dadeland Mall in Miami is expected to drive more traffic to this retail destination.
Simon Property (SPG) closed at $112.42 in the latest trading session, marking a +0.4% move from the prior day.
Simon Property (SPG) was a big mover last session on higher-than-average trading volume.
Tanger Factory Outlet, Simon Property Group and Macerich have been highlighted in this Value Investor article.
To enhance mixed-use experiences at its properties, Simon Property (SPG) announces collaboration with Jose Andres to bring award-winning restaurants to its several shopping centers.
GenZ likes hanging out at the mall and occupancy is back up. Are there any deals?
Simon Property (SPG) is poised to benefit from its portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts, though higher e-commerce adoption and rate hikes are worrisome.