INDIANAPOLIS, Sept. 23, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $1.0 billion aggregate principal amount of its 4.750% Notes due 2034.The new issue of senior notes has a term of 10 years and a coupon rate of 4.750%. The offering is expected to cl ...

Simon Property Group (SPG) boasts a portfolio of premium retail assets in the United States and abroad. Focus on supporting omnichannel retailing and developing mixed-use assets are encouraging. Also, accretive buyouts and redevelopment efforts augur well for long-term growth. A healthy balance sheet will likely aid growth endeavors. However, growing e-commerce adoption and limited consumers’ willingness to spend amid persistent macroeconomic uncertainties raise concerns.What’s Supporting SPG Stock?This ret ...

I am a self-taught value investor focusing on equity REITs and factor investing. When it comes to REITs, I'm interested in either those with high dividend growth potential and a long history of value creation through active capital recycling or high-yielding ones with sustainable distributions trading at a large discount to NAV. And regarding factor-based strategies, I am mostly interested in small-cap value ones.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the c ...

Simon Property (SPG) recently announced that its majority-owned operating partnership subsidiary, Simon Property Group, L.P., has amended, restated and extended its multi-currency unsecured revolving credit facility amounting to $3.5 billion.This $3.5 billion credit facility strengthens the retail REIT’s existing strong financial flexibility. When combined with the company’s existing $5 billion senior unsecured credit facility, it provides $8.5 billion of total revolving credit capacity.The facility is set ...

INDIANAPOLIS, Sept. 19, 2024  /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has amended, restated and extended its $3.5 billion multi-currency unsecured revolving credit facility."The closing of this facility is a continued endorsement of the strength of our Company. The ame ...

Simon Property (SPG) recently concluded the expansion and renovation of Busan Premium Outlets in South Korea. With this move, Busan Premium Outlets currently encompass nearly 555,000 square feet of retail space, featuring more than 270 luxury and premium retail brands.The center boasts extensive gathering and green spaces, highlighted by an "Adventure Forest" play area inspired by overseas resorts. It also offers 28 diverse food and beverage options. The expansion introduces a new 53,000-square-foot area de ...

Simon Property Group, Inc. (NYSE:SPG) Bank of America Global Real Estate Conference Call September 10, 2024 10:20 AM ET Company Participants Brian McDade - Executive Vice President and Chief Financial Officer Conference Call Participants Jeffrey Spector - Bank of America Securities Andrew Reale - Bank of America Securities Jeffrey Spector Joining our first round table fireside chat session for our conference, we have three tracks going. This round table is Simon Property Group. And with us today is Brian Mc ...

会议主要讨论的核心内容 - 公司是全球最大的零售房地产所有者,在美国和北美占90%,其余在全球 [4] - 公司业务涵盖多个零售细分市场,从高端到折扣,包括奥特莱斯和工厂店 [4] - 公司在37个州经营,年度运营资金约45亿美元,每股派息8美元,收益率约6% [4] - 公司业务复苏强劲,第二季度创下历史最高营业收入,国内业务同比增长4.5% [5][6] - 公司最近在俄克拉荷马州塔尔萨开设了一个全新的奥特莱斯中心,100%出租,引入了10个新进入该市场的品牌 [6] - 公司还将在韩国釜山和印尼雅加达开设新的奥特莱斯项目 [6] - 公司资产负债表健康,净负债率约5.2倍,每年可产生15亿美元自由现金流 [7] 问答环节重要的提问和回答 - 公司出售了对Authentic Brands的投资,获得15亿美元现金,将用于偿还19亿美元的无担保债务 [8][9] - 公司看到不同收入群体的消费表现存在差异,低收入群体受压力,高收入群体消费较为稳定,中等收入群体有所下滑 [11][12] - 公司租赁环境依然强劲,可以用更好的租户替换较差的租户,提升租金水平 [16][17] - 公司预计全年国内物业净营业收入增长至少3%,目前同比增长4.5% [48] - 公司正在进行多个混合用途的改造项目,包括在购物中心加建公寓,预计投资回报率在8%-10%之间 [44][45] - 公司认为在利率下降后,房地产交易量将在2024年第四季度开始增加 [55]

Simon® has expanded and rebranded its online outlet marketplace as ShopSimon, a comprehensive source for on-sale and outlet merchandise.INDIANAPOLIS, Sept. 5, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the launch of ShopSimonTM, the next phase in its journey to create the ultimate omnichannel shopping experience.ShopSimon, available at ShopSimon.com and via the ShopSimon app, offe ...

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