Simon Property Group, Inc. (NYSE:SPG) Plans Quarterly Dividend of $2.30

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Thursday, November 5th. Investors of record on Thursday, December 10th will be paid a dividend of $2.30 per share by the real estate investment trust on Thursday, December 31st. This represents a $9.20 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, December 10th. This is a 2.2% increase from Simon Property Group’s previous quarterly dividend of $2.25.

Simon Property Group has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Simon Property Group has a payout ratio of 131.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Simon Property Group to earn $13.74 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.5%.

Simon Property Group Price Performance

SPG stock opened at $227.00 on Friday. The company has a market capitalization of $73.45 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 3.52 and a beta of 1.27. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.05 and a current ratio of 1.05. Simon Property Group has a 52-week low of $177.88 and a 52-week high of $238.50. The business has a 50-day simple moving average of $207.69 and a two-hundred day simple moving average of $206.54.

Simon Property Group (NYSE:SPG) last issued its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $3.37 EPS for the quarter, topping the consensus estimate of $1.69 by $1.68. Simon Property Group had a return on equity of 89.32% and a net margin of 66.56%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the business posted $3.22 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.300-13.400 EPS. Research analysts expect that Simon Property Group will post 13.24 EPS for the current fiscal year.

Simon Property Group Company Profile

Simon Property Group, Inc is a self-administered and self-managed real estate investment trust that owns, develops, and operates premier shopping, dining, entertainment, and mixed-use destinations. Its portfolio includes regional malls, premium outlet centers, and other retail properties designed to serve both local shoppers and visitors.

The company’s properties feature a broad mix of retailers, restaurants, entertainment venues, and experiential offerings. Simon also provides property management, leasing, development, redevelopment, and marketing services associated with its real estate portfolio.

Simon Property Group was formed in 1993 through the combination of the retail real estate interests of the Simon and DeBartolo families.