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NYSE:SPG

Simon Property Group Inc. (SPG)

211.07
-0.26 (0.12%)
as of Jun 18, 2026, 8:39:01 pm Market Open.
69 watching
0
BUY

They own the best-quality malls. Shares rebounded in late 2021 to pre-Covid levels, but have struggled since. Their 6.8% dividend yield is less attractive amid high interest rates. But its just-released quarter revived shares. They delivered a big revenue beat of 7.2% YOY, funds from operation also beat, and had a super 92% occupancy rate. Minimum rents were 3% YOY. They raised their earnings forecast. Also, their Sparc operation will partner with fast fashion company, Shein, to expand their online marketplace to Forever 21 stores. Goldman Sachs expects malls and retail to expand next year as more people shore in stores.

BUY

A great CEO and it has paid $33 billion in dividends (at 6%)

HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

SPG is now trading at 17.5x times' Forward P/E. 
The company’s revenue was hit quite hard during the pandemic and SPG’s revenue and EBIT in the trailing twelve-month did not recover to 2019’s levels. 
The balance sheet is quite leveraged like other REITs, with net debt of $24.8B. 
Total debt is around 6.5x times trailing twelve-month cash flow of $3.8B, and cash flow grew slightly around 3% compared to $3.6B last year. 
Based on consensus estimates, sales are expected to grow by 2% - 3% on average going forward.The company has been resilient and managed to pay predictable dividends. 
Although the dividend yield looks attractive and would likely be sustainable in the near term, the potential of consistently increasing dividends in a foreseeable future and long-term capital appreciation is not high. 
The business’s growth outlook is not impressive, and SPG may face potential headwinds for growth due to the transition to e-commerce.
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BUY ON WEAKNESS

They're a long-duration asset. He models $91.42, 17% lower than today. Wait for $87 to enter. Why buy stocks when you can get a 5% GIC in Canada?

COMMENT

It reports Monday. Can America's largest mall REIT cut it? Maybe. They're smart guys. Definitely listen to their conference call.

BUY
Reported after hours a mixed quarter, but positive guidance. They hold A-list malls. Occupancy is 93.9% vs. 91.8%--great. EPS beat, but revenues missed. They were on death's door two years ago but have come back impressively. The quarter was better than she expected.
PARTIAL SELL
Just reported their quarter, mostly positive The quarter is a read on the economy. They increased their dividend, boast 94% occupancy, their retail stores are seeing strong demand. Is this as good as it gets for SPG in this economy? He would take profits.
BUY
AHY: Accidental high-yielding stocks that have fallen so far that their dividends now pay huge. The only AHY that he's still confident with. They reported a good quarter. However, he came into this too early and was overconfident about retail overall. SPG pays nearly a 6% dividend.
PAST TOP PICK
(A Top Pick Jan 13/20, Up 90%) Revenue is more protected long-term. Customers still want the bricks and mortar experience for high quality, high-end. Valuation now back to pre-pandemic levels. Most returns are behind it. Won't see doubling of money this year. Yield is 4%.
WAIT
No to any of these property names. Model price of $154.84, 5% downside. Yield is 3.72%. He'd be a more willing buyer around $117-120.
PAST TOP PICK
(A Top Pick Nov 19/20, Up 115%) Will continue to do well, but most of the gains are behind it. He wouldn't step into this name now, as it's gotten pricey.
BUY
They own the best malls in the U.S. His favourite REIT in this space. Reported a strong quarter in August with occupancy rates climbing. It's trading the cheapest ever, so the stock is bound to rise. Pays a 4.6% dividend.
BUY ON WEAKNESS
Allan Tong’s Discover Picks Meanwhile, Simon’s vacancy rate is holding on: 91.8% in Q2-2021, 94.4% in 2020, and 92.9% in 2019. Also remember that American unemployment remains low while savings levels are historically high. Americans are flush. Simon is a large and diversified REIT stock. Its 4.44% dividend is relatively safe and it trades at a 29.1x PE compared to the industry’s 114x. Margins and returns also handily beat its peers, such as its ROE of 57.2% vs. 13.7%. The only problem is that they good news is baked into SPG stock’s current share price of $141. Wall Street foresees only 4.6% upside based on seven buys and five holds for this REIT stock. Buy on a pullback. Read 3 Promising Office and Mall REIT Stocks for our full analysis.
BUY
Shopping retail REITs have a lot on the line. They are super-aggressively signing up occupants. The CEO said that total sales for June equaled June 2019, up 80% YOY with occupancy at 91.8%. They continue to see demand from loca, regional and national occupants including restaurants and mixed-use. That's why they raised their dividend.
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Simon Property Group Inc. (SPG) Frequently Asked Questions

What is Simon Property Group Inc. stock symbol?

Simon Property Group Inc. is a American stock, trading under the symbol SPG (previously SPG-N on Stockchase) on the New York Stock Exchange (SPG). It is usually referred to as NYSE:SPG or SPG

Is Simon Property Group Inc. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on SPG (previously SPG-N on Stockchase) on Stockchase. Read the latest expert commentary for Simon Property Group Inc..

Is Simon Property Group Inc. a good investment or a top pick?

Simon Property Group Inc. was recommended as a Top Pick by The Weekly Buzzing Stocks by Billy Kawasaki on 2021-07-22. Read the latest stock experts ratings for Simon Property Group Inc..

Why is Simon Property Group Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Simon Property Group Inc..

Is Simon Property Group Inc. worth watching?

Simon Property Group Inc. is followed by 69 investors on Stockchase and is a trending stock that is worth watching.

What is Simon Property Group Inc. stock price?

On 2026-06-18, Simon Property Group Inc. (SPG) stock closed at a price of $211.07.