Market Currents

• Tuesday, December 8, 2009

• 09:13 AM Simon Property Group (SPG) to acquire Prime Outlets Acquisition's outlet shopping center business and some affiliated entities for $2.325B, including debt assumption. Simon expects the transaction to be immediately accretive to FFO, and will fund the cash portion of the deal (80%) using existing capital. SPG -0.7% premarket. Comment!

• Friday, October 30, 2009

• 08:53 AM Simon Property Group (SPG): Q3 FFO of $1.38 beats by $0.06. Revenue of $925M (-1.1%) vs. $892M. Shares -0.4% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ACI, AEE, AIV, ALU, AOC, AXL, CEG, CMC, CMI, CMS, CVH, CVX, D, DUK, EL, ITT, NI, NYX, PAG, PGN, REG, SHPGY, SNE, SPG, THI, UPL, WY, YRCW Comment!

• Wednesday, September 16, 2009

• 11:42 AM America's biggest mall owner thinks it may be a somewhat more jolly holiday season for retailers than they think. David Simon of Simon Property Group (SPG) says some retailers have been too conservative about inventory after the previous year's heavy markdowns. 3 Comments

• Tuesday, August 4, 2009

• 00:05 AM Notable earnings before Tuesday's open: ADM, ARM, AYE, CAM, CBB, CTSH, CVS, DHI, DISCA, DNR, DUK, EMR, ETR, EXPD, FTR, HCP, HNT, ICE, ICON, JOE, LPX, MAC, NI, PGN, PNW, PPL, RDC, SE, SPG, THC, TRW, UPL, VNO, VRX, WTI Comment!

• Friday, May 1, 2009

• 08:47 AM Simon Property Group (SPG): Q1 FFO of $1.61 beats by $0.13. Revenue of $918.5M (+2.6%) vs. $886M. Says it raised $1.6B in Q1. Shares -0.2% AH. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: AEE, AGN, AIV, AOC, AXL, BPO, CLX, CVX, DF, ED, FLIR, FO, JRCC, LPNT, MA, NI, PPL, SPG, TE Comment!

• Friday, March 20, 2009

• 09:01 AM Premarket losers: ERIC -9%. SPG -8%. AIG -6%. NOK -5%. HBC -5%. DRYS -5%. BBI -6%. FRE -5%. HBC -5%. SIRI -6%. AU -4%. HOT -3%. FNM -3%. Comment!

• Friday, January 30, 2009

• 08:51 AM Simon Property Group (SPG): Q4 FFO of $1.93 beats by $0.08. Revenue of $1.03B (+-0.6%) vs. $1.01B. Shares +1.2% premarket. (PR) 1 Comment
• 00:05 AM Notable earnings before Friday's open: ACI, AME, AXL, CVX, GCI, HON, IVZ, PCAR, PG, SPG, XOM
    Comment!

• Monday, November 3, 2008

• 08:05 AM Simon Property Group (SPG): Q3 EPS of $1.61 beats by $0.04. Revenue of $936M (+3.1%) vs. $924M. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: AMT, AYE, BLC, COL, DRYS, DVA, GT, ICON, MFA, OSK, PMI, SPG, SRP, SYY Comment!

• Monday, July 28, 2008

• 08:11 AM Simon Property Group (SPG): Q2 EPS of $1.56 beats by $0.07. Revenue of $923M (+7.8%) vs. $885M. [PR] Comment!
• 00:05 AM Notable earnings before Monday's open: ACV, BOH, CNA, KFT, MV, SOHU, SPG, TSN, VZ, WWY Comment!

• Tuesday, June 3, 2008

• 18:35 PM SPG CEO on global expansion: "In the U.S... there's a lot of retail space, about 20 square feet per capita. When you look at other markets, it's 2 to 3 square feet per capita." Comment!
• 18:33 PM CEO of mall REIT Simon Property Group (SPG) in interview: "We strongly believe that the value of our assets is actually greater than our stock price." Comment!