In recent news, the activities surrounding Simon Property Group, Inc. (NYSE:SPG) have been vast and varied. Multiple acquisitions of SPG stocks have been carried out by several groups, namely; Asset Management One Co. Ltd., Allspring Global Investments Holdings LLC, State of Alaska Department of Revenue, and BlackRock, Inc. Notably, the revenue from selling $1.0 billion of senior notes has contributed to the company's financial resilience. The retirement of Herbert Simon is significant news, as he co-founded the company.
Investment has also been poured into SPG by many firms including Spire Wealth Management, Certuity LLC, Strategic Financial Concepts LLC, and Kestra Private Wealth Services LLC. Shares of SPG have been purchased by Sumitomo Mitsui DS Asset Management Company Ltd. and Victoria Spartz, to name a few, which further deepened their investment portfolio in the real estate sector.
Importantly, Simon Property Group has exceeded Q4 2024 estimates, showing a strong FFO, a result of increased revenues. However, the company predicts $12.40-$12.65 FFO per share for 2025 fueled by leasing gains. Although the group's forecast for net income was lowered, it continues to present a valuable investment.
Simon Property Group SPG News Analytics from Tue, 07 May 2024 07:00:00 GMT to Fri, 14 Feb 2025 10:44:47 GMT - Rating 8 - Innovation 5 - Information 7 - Rumor -2
