|Bid||21.50 x 21500|
|Ask||23.25 x 1000|
|Day's Range||21.44 - 21.66|
|52 Week Range||18.83 - 24.23|
|PE Ratio (TTM)||36.17|
|Forward Dividend & Yield||0.88 (4.11%)|
|1y Target Est||N/A|
The best ratio to evaluate a REIT like Simon Property (SPG) is the price-to-FFO (price-to-funds from operations) multiple. Simon Property’s TTM (trailing-12-month) price-to-FFO ratio is 15.0x. Competitors Equity Residential (EQR), GGP (GGP), and Kimco Realty (KIM) have TTM price-to-FFO ratios of 21.3x, 14.1x, and 11.0x, respectively, which means Simon Property is trading at a discount to Equity Residential but at a premium to GGP and Kimco Realty.
What Lies Ahead for Simon Property in the Second Half of 2018? At the end of the second quarter of 2018, Simon Property (SPG) had a debt-to-equity ratio of 7.06x, which was higher than the first-quarter level of 6.83x as well as the industry average of 0.97x. Simon Property is working on several development projects to expand its business.
What Lies Ahead for Simon Property in the Second Half of 2018? In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties. Notably, the company has spent ~$5 billion on development projects over the last five years.
What Lies Ahead for Simon Property in the Second Half of 2018? Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances and also seen YoY improvements. Furthermore, Simon Property is focusing on transforming its properties by adding more hotels, restaurants, and luxury stores.
Far more tame were stock charts of GGP (NYSE:GGP), Alaska Air Group (NYSE:ALK) and Varian Medical Systems (NYSE:VAR), which are heading into Tuesday’s action as a trader’s top prospects — largely because they didn’t dish out tricky, unfounded volatility. Both are trends that retail space landlord GGP benefit from. • There’s a likely resistance line at $23.85, where VAR bumped into a technical ceiling late last year and early this year.
The Southern California mall operator has shifted its priority off mall's occupancy rates and toward higher sales per square foot.
The new and expanded leases only encompass about 4 percent of the nearly 1.3 million-square-foot regional mall, but it isn't the size that matters.
Tanger Factory Outlet Centers (NYSE:SKT) has become a battleground stock. Some 27% of Tanger stock is sold short at the moment. Heading into its most recent earnings report, Tanger stock had bounced 20% from May lows.
Short interest is extremely low for GGP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GGP. Over the last month, growth of ETFs holding GGP is favorable, with net inflows of $9.89 billion.
GGP's Q2 result reflects healthy growth in same-store net operating income. Also, its acquisition by Brookfield Property Partners L.P. is on track, with recent approval from common stockholders.
Moody's Investors Service, ("Moody's") has affirmed the ratings on six classes and downgraded the ratings on four classes in GS Mortgage Securities Trust 2012-GCJ7, Commercial Pass-Through Certificates, ...
GGP's performance in Q2 is expected to reflect impact of soaring e-commerce sales. Also, the company might report a decline in overage rents.
Equity Residential’s (EQR) second-quarter operating expenses increased at a higher rate than the growth rate of same-store revenues. Operating expenses in the quarter registered a YoY (year-over-year) increase of 3.2% to $177.7 million, mainly due to a rise in real estate taxes, utilities, repairs and maintenance, insurance, and leasing and advertising expenses.
Moody's Investors Service, ("Moody's") i.e. has affirmed the ratings on six classes and downgraded the ratings on four classes in GS Mortgage Securities Trust 2012-GCJ7, Commercial Pass-Through ...
GGP Inc. shareholders approved a takeover by Brookfield Property Partners LP, clearing the way for the $15 billion deal for the second-largest U.S. mall owner to go forward. Investors in GGP voted in favor of the transaction at a special meeting Thursday in the company’s hometown of Chicago, according to a statement. Brookfield’s shareholders had already approved the deal, which the companies expect to be completed next month.
On the flipside, a handful of the day’s biggest losers were well-known tickers. AT&T (NYSE:T) was chief among them, losing more than 4% of its value on a mixed earnings report. Facebook (NASDAQ:FB) and Amazon.com (NASDAQ:AMZN) each dished out positive results during the day Wednesday (though FB took a hard turn after their after-hours earnings report).
The proposed overhaul to the former department store was approved by the City of San Francisco just last week.
Simon Property Group’s (SPG) four back-to-back quarters of positive earnings surprises and its impressive outlook have made analysts optimistic about its growth prospects. Analysts’ target price of $183.33 for SPG implies a 7.5% rise from its current price of $170.48. Simon Property has been focusing on several expansion and development activities to drive mall traffic and maintain occupancy.
Analysts expect Simon Property Group (SPG) to report net operating income (or NOI) of $1.07 billion in the second quarter, signifying a 6.2% increase YoY (year-over-year). Similarly, they’re expecting its NOI margin to come in at 76%, depicting a ~200-basis-point YoY expansion.
The strong job market, improving GDP, and impressive consumer confidence index are pushing inflation rates higher. The inflation rate in June was 2.9%, much higher than the Federal Reserve’s targeted benchmark rate of 2%. To keep inflation under the targeted range of 2%, the central bank has been increasing the interest rate from time to time.