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Simon Property Group Inc (SPG) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Simon Property Group Inc (SPG) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Simon Property Group Inc is real estate investment trust. It owns, develops and manages retail real estate properties including malls, outlets and community and lifestyle centers. Simon Property Group Inc has a market cap of $56.29 billion; its shares were traded at around $182.15 with a P/E ratio of 23.14 and P/S ratio of 10.04. The dividend yield of Simon Property Group Inc stocks is 4.39%. Simon Property Group Inc had annual average EBITDA growth of 4.00% over the past ten years.


For the last quarter Simon Property Group Inc reported a revenue of $1.5 billion, compared with the revenue of $1.4 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $5.7 billion, an increase of 2.2% from last year. For the last five years Simon Property Group Inc had an average revenue growth rate of 4.4% a year.

The reported diluted earnings per share was $7.87 for the year, an increase of 26.1% from previous year. Over the last five years Simon Property Group Inc had an EPS growth rate of 12.3% a year. The Simon Property Group Inc enjoyed an operating margin of 51.45%, compared with the operating margin of 50.6% a year before. The 10-year historical median operating margin of Simon Property Group Inc is 47.58%. The profitability rank of the company is 8 (out of 10).

At the end of the fiscal year, Simon Property Group Inc has the cash and cash equivalents of $514.3 million, compared with $1.5 billion in the previous year. The long term debt was $23.3 billion, compared with $23.7 billion in the previous year. The interest coverage to the debt is 3.6. Simon Property Group Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $182.15, Simon Property Group Inc is traded at close to its historical median P/S valuation band of $168.92. The P/S ratio of the stock is 10.04, while the historical median P/S ratio is 9.31. The stock gained 25.68% during the past 12 months.

For the complete 20-year historical financial data of SPG, click here.

This article first appeared on GuruFocus.