Simon Property Group (
SPG) reported landmark success with their last quarter results in 2024, setting a record with its Funds from Operations (FFO). The largely positive outcome was largely driven by strategic moves that continue to invigorate and sustain the company's growth. Additionally, the retail giant was able to surpass fourth-quarter estimates, reporting a $2.04 EPS and revenue of $1.58 billion. This was accompanied by a bullish forecast for their 2025 FFO. Their uplifting performance saw
Piper Sandler upgrade their position on SPG, auguring a more hopeful period ahead. In another optimistic twist, the company's patriarch Herbert Simon announced his retirement after a historic 65-year-long journey. Despite some stake reduction by
Cohen & Steers Inc, the economic giant continues to show strength, selling off $1b worth of senior notes and promising investors an $8.10 per share dividend in 2024. Their digital ad campaign has brought increased footfall to their malls with Black Friday sales shooting up. As they head into their next earnings season, some anticipate a potential drag from OPI results. They have also announced the conclusion of
The Mall Luxury Outlets buyout. The organization continues showing promise, confident in their strategy and expected growth.
Simon Property Group SPG News Analytics from Tue, 07 May 2024 07:00:00 GMT to Sat, 08 Feb 2025 12:00:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 5
