David Kirakosyan
3 min read
In This Article:
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Simon Property Group Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust that owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties.
The company's stock traded at approximately $184.03 per share 10 years ago. If you had invested $10,000, you could have bought roughly 54 shares. Currently, shares trade at $165.12, meaning your investment's value could have declined to $8,972 from stock price depreciation. However, Simon Property also paid dividends during these 10 years.
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Simon Property's dividend yield is currently 5.09%. Over the last 10 years, it has paid about $74.40 in dividends per share, which means you could have made $4,043 from dividends alone.
Summing up $8,972 and $4,043, we end up with the final value of your investment, which is $13,015. This is how much you could have made if you had invested $10,000 in Simon Property stock 10 years ago. This means a total return of 30.15%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 232.30%.
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Simon Property has a consensus rating of "Buy" and a price target of $150.50 based on the ratings of 18 analysts. The price target implies a nearly 10% potential downside from the current stock price.
On May 12, the company announced its Q1 2025 earnings, posting FFO of $2.67 and revenues of $1.47 billion, as reported by Benzinga.
“Our first-quarter results underscore the strength of our business,” said CEO David Simon. “We delivered strong financial and operational performance and enhanced our portfolio with the acquisition of The Mall Luxury Outlets in Italy and the successful opening of Jakarta Premium Outlets in Indonesia. As macroeconomic conditions continue to shift, we are well-positioned with a fortress balance sheet and a proven track record of navigating successfully through a wide range of economic cycles.”
