Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.
Future Outlook | Analyst targets range from $195 to $205, reflecting confidence in SPG's ability to navigate challenges and capitalize on omni-channel retail trends |
Market Dynamics | Delve into SPG's advantageous position amid limited Class A Mall supply, driving strong occupancy rates and potential lease negotiation powe |
Financial Fortitude | Explore SPG's robust financial metrics, including a 82.37% gross profit margin and 32 years of consistent dividend payments |
Retail Resilience | Simon Property Group demonstrates strength in evolving retail landscape, leveraging high-quality properties and strategic international presence |
Metrics to compare | SPG | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSPGPeersSector | |
---|---|---|---|---|
P/E Ratio | 25.0x | 14.9x | 8.6x | |
PEG Ratio | −1.26 | 0.03 | 0.01 | |
Price / Book | 23.1x | 1.2x | 0.9x | |
Price / LTM Sales | 9.9x | 6.4x | 3.7x | |
Upside (Analyst Target) | 14.8% | 16.7% | 14.3% | |
Fair Value Upside | Unlock | −9.5% | 2.8% | Unlock |