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Simon Property Group, Inc.

5/19/2013, 8:01 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 16, 3:10 PM The dividend payments of Public Storage (PSA), Simon Property (SPG), and HCP make Imperial Capital's "Fit and Healthy" category as payouts exceed the level of Q4 2008. Remaining in the "Recovery Ward" are Boston Properties (BXP), Equity Residential (EQR), Vornado (VNO), and Kimco (KIM) - they've upped dividends but haven't yet recovered to pre-bust levels. "Still Critical" is Prologis (PLD) which has yet to increase its dividend after slashing it in 2009. Comment! [Financials]
Monday, May 13, 1:56 PM The NAREIT U.S. REIT Index (IYR, VNQ) had a pretty good year just in April, rising 5.8% vs. the S&P up 1.9%. YTD through April, the index was up 15.44% vs. 12.74% for the S&P. Y/Y, REITs are up 22.2% vs. the S&P at 16.89% The best performers in April were the retail REITs (SPG, TCO, GGP, O, ARCP, PEI), gaining 9.9%. Taking a break were the timber REITs (PCH, PCL), down 1.6% in April after rising 7.3% the previous month. YTD, the leading REIT performer is Health Care (VTR, HCP, HCN HTA), +23.7%. Comment! [Financials]
Friday, April 26, 2:33 PM Simon Property Group (SPG) management tells earnings call listeners it has little interest in sale-leaseback deals. One capital-raise idea for J.C. Penney (JCP) - which has 111 stores in Simon malls - has been the sale and then renting-back of its space. Simon - with only a small handful of vacant department store space across its U.S. portfolio and a line of prospective tenants - will take a pass. 1 Comment [Financials, Consumer]
Friday, April 26, 9:19 AM Simon Property Group, Inc (SPG) declares $1.15/share quarterly dividend, in line with previous. Forward yield 2.61%. For shareholders of record May 17. Payable May 31. Ex-div date May 15. (PR) Comment! [Dividends]
Friday, April 26, 7:33 AM More on Simon Properties (SPG) Q1 earnings: FY2013 guidance is hiked to FFO/share of $8.50-$8.60 from $8.40-$8.50 previously, and against consensus of $8.59. Q1 occupancy up 110 bps Y/Y to 94.7%. Sales/square foot of $575, up 5.3%. Base minimum rent of $41.05, up 3%. Conference call at 9 ET. (PR) Comment! [Earnings, Financials]
Friday, April 26, 7:06 AM Simon Properties (SPG): Q1 FFO of $2.05 beats by $0.04. Revenue of $1.21B beats by $0.02B. (PR) Comment! [Earnings, Breaking News, Financials]
Friday, April 26, 12:05 AM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Thursday, April 25, 5:30 PM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Monday, April 22, 1:49 PM Moody's upgrades its outlook for the equity REIT industry to Stable. The sector is "well positioned to handle the fragile economic outlook and the potential for rising interest rates," the ratings agency says, in a new report. Moody's Senior VP notes that REITs have "access to multiple capital sources … at historically low rates that have lengthened their debt maturity profiles," boosted earnings, and increased fixed charge coverage ratios. 1 Comment
Tuesday, March 5, 12:25 PM Bullish on the entire REIT sector, RBC believes triple net lease REITs - O, EPR, NNN - offer the best value thanks to the high level of earnings-accretive acquisitions. Next in line are the community centers - DDR, FRT - whose operating metrics are an improvement over regional mall REITs like SPG, MAC, and CBL. 1 Comment [Financials]
Thursday, February 21, 12:37 PM An untapped area to look for yield? Try relatively small-sized REITs like Brandywine Realty (BDN) and Washington REIT (WRE). Research shows larger REITs such as Public Storage (PSA) and Simon Property (SPG) tend to have lower yields and higher price/book ratios than their smaller cousins solely because of their more likely inclusion as major holdings of ETFs. 3 Comments [Financials, Quick Ideas]
Monday, February 4, 8:21 AM Simon Property Group, Inc (SPG) declares $1.15/share quarterly dividend, 4.5% increase from prior dividend of $1.10. Forward yield 2.84%. For shareholders of record Feb. 14. Payable Feb. 28. Ex-div date Feb. 12. Shares -1.2% premarket. (PR) Comment! [Dividends, On the Move]
Monday, February 4, 7:01 AM Simon Properties (SPG): Q4 FFO of $2.29 beats by $0.12. Revenue of $1.34B beats by $0.05B. (PR) Comment! [Earnings, Breaking News]
Monday, February 4, 12:05 AM Notable earnings before Monday’s open: CKSW, CLX, CYOU, GCI, GOLD, HUM, MCY, RCL, SOHU, SPG, SYY, TDG Comment! [Earnings]
Sunday, February 3, 5:30 PM Notable earnings before Monday’s open: CKSW, CLX, CYOU, GCI, GOLD, HUM, MCY, RCL, SOHU, SPG, SYY, TDG Comment! [Earnings]
Friday, January 25, 5:10 PM Barclays considers the current REIT dividend spread to Treasurys attractive and projects 9% average annual REIT dividend growth over the next five years. Apartment company Essex Property Trust (ESS) tops the firm's list of REIT favorites, which also contains PLD, ARE, SPG and BPX. (Also: Barclays on utilities, MLPs) Comment! [Financials, Quick Ideas]