Is Simon Property Group a good buy?
Simon is pretty safe. It is the premier operator of shopping malls in the United States, and it is in a strong financial position. Despite the lousy year in 2020, the company generated $3.2 billion in funds from operations, which more than amply covers its interest expense of $616 million.
Is Simon Property Group a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
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Is Simon Property Group in trouble?
Simon suffered a nearly $1 billion loss in net operating income in 2020, which has put tremendous pressure on the company to maintain debt and investor obligations. While initial restrictions are loosening, allowing Simon to return to more normal operations, it still has a turbulent road ahead.
Is Simon Property Group undervalued?
Simon Property Group reported another decrease in earnings for second quarter 2020. SPG reported an EPS of $0.83 for the quarter, missing expectations by $0.15. … All signs seem to point at SPG being undervalued. Over the past 12 months, the company’s revenue and net income have both decreased by about $800 million.
How often does Simon Property Group pay dividends?
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.0.
Will UAL stock go up?
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Is SPG overvalued?
Price to Book Ratio
PB vs Industry: SPG is overvalued based on its PB Ratio (14.2x) compared to the US REITs industry average (1.8x).
How many properties does Simon own?
It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. It owns interests in 203 properties comprising approximately 241,000,000 square feet (22,400,000 m2) of gross leasable area in North America and Asia.
How many malls does Simon Property own?
About Simon Property Group Inc
As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico.
What malls do Simon Properties own?
Simon’s properties include some of the nation’s premier shopping malls, including King of Prussia near Philadelphia and the Houston Galleria. In the D.C. area, its portfolio includes Fashion Centre at Pentagon City, Leesburg Premium Outlets, Potomac Mills, Arundel Mills and St. Charles Towne Center.
Is SPG a REIT?
Simon Property Group is a REIT specializing in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets.