Simon Property Group, Inc. (NYSE:SPG) Plans $2.20 Quarterly Dividend

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Monday, February 2nd. Shareholders of record on Tuesday, March 10th will be given a dividend of 2.20 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 10th.

Simon Property Group has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Simon Property Group has a dividend payout ratio of 128.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $12.88 per share next year, which means the company should continue to be able to cover its $8.80 annual dividend with an expected future payout ratio of 68.3%.

Simon Property Group Trading Down 1.0%

Shares of Simon Property Group stock traded down $1.87 during trading on Tuesday, reaching $189.35. The company’s stock had a trading volume of 1,010,261 shares, compared to its average volume of 1,586,610. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 9.59. Simon Property Group has a 52-week low of $136.34 and a 52-week high of $193.50. The firm’s 50-day moving average is $184.97 and its two-hundred day moving average is $179.86. The company has a market cap of $61.82 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 7.10 and a beta of 1.39.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, February 2nd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.02. Simon Property Group had a return on equity of 79.30% and a net margin of 38.18%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $3.68 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.000-13.250 EPS. On average, sell-side analysts anticipate that Simon Property Group will post 12.54 earnings per share for the current year.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.