SQI.F - Simon Property Group, Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
138.68
-0.86 (-0.62%)
As of 9:15AM CEST. Market open.
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Previous Close139.54
Open138.68
Bid138.84 x 4000
Ask140.20 x 3900
Day's Range138.68 - 138.68
52 Week Range130.50 - 171.00
Volume40
Avg. Volume14
Market Cap42.296B
Beta (3Y Monthly)-0.19
PE Ratio (TTM)18.54
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield7.60 (5.43%)
Ex-Dividend Date2019-08-15
1y Target EstN/A
  • Bloomberg

    Forever 21 Is in Talks to Give Landlords a Stake in Bankruptcy

    (Bloomberg) -- Forever 21 Inc. is in discussions to give a stake in the company to its two largest landlords as part of a restructuring that would allow co-founder Do Won Chang to retain a share, according to people familiar with the matter.The ailing fast-fashion retailer is in talks with Simon Property Group Inc. and Brookfield Property Partners LP about the proposal, which would be part of a bankruptcy filing, said the people, who asked not to be identified discussing a private matter. The negotiations are ongoing, and could end without a deal, they said.Los Angeles-based Forever 21 is preparing to file for bankruptcy as soon as this month, ideally with a restructuring plan in place, the people said. Company advisers have been working on obtaining a bankruptcy loan package that would give the retailer about $75 million to continue operations during the case, Bloomberg previously reported.A spokeswoman for Brookfield declined to comment on its involvement in a potential deal, and Simon and Forever 21 didn’t respond to requests for comment.Aeropostale DealThe trendy retailer’s fate has become increasingly important to mall owners, who’ve seen former stalwarts including Payless Inc. and Gymboree Corp. shutter more than 8,500 stores this year, according to firm Coresight Research Inc. That’s left Forever 21 as one of the largest remaining occupants, with more than 800 stores globally.At the same time, the retailer is dependent on its landlords, which could play a crucial role as it looks to slim down operations and revive its best locations. The restructuring plan under discussion could include rent forgiveness or other considerations from the landlords in exchange for a stake in Forever 21, the people said.Simon and General Growth Properties Inc., now part of Brookfield, teamed up to buy most of bankrupt teen clothing chain Aeropostale three years ago. They’ve since sat on the sidelines as retailers liquidated, but Simon has publicly said it’s open to doing similar-type deals going forward.On a July 31 conference call with investors to discuss second-quarter earnings, Simon Property Group Chief Executive Officer David Simon said his company was well-positioned to invest in distressed tenants.“We certainly have the ability to help beyond what you might do on the leases and become an investor in a distressed situation,” Simon said. “So we have kind of the ability, together or individually or some combination thereof, to look at becoming more than just a real estate player, but a buyer of these brands.”\--With assistance from Natalie Wong.To contact the reporters on this story: Lauren Coleman-Lochner in New York at llochner@bloomberg.net;Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Nicole Bullock, Shannon D. HarringtonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Benzinga

    Forever 21 Reportedly Close To Bankruptcy Filing

    Specialty retailer Forever 21 was founded in 1984 by a Korean couple who wanted to bring Korean-themed fashion items to the U.S. market. The chain is reportedly close to filing for bankruptcy, Bloomberg ...

  • 5 Top Stocks to Buy in September
    Motley Fool

    5 Top Stocks to Buy in September

    Now that the distractions of summer are behind us, it's time to give your portfolio some attention. These five stocks are a great place to start.

  • Simon Property Group Thriving Despite Retailers' Troubles
    Motley Fool

    Simon Property Group Thriving Despite Retailers' Troubles

    The real estate investment trust's solid performance doesn't match the industry's "retail apocalypse" narrative.

  • 2 Dividend Stocks to Buy on Sale
    Motley Fool

    2 Dividend Stocks to Buy on Sale

    These two stocks have been beaten down on retail weakness, but they could be smart long-term additions to your portfolio.

  • Simon Property Group Wants to Be More Than Just a Mall Operator
    Motley Fool

    Simon Property Group Wants to Be More Than Just a Mall Operator

    With retailers struggling, the REIT is diversifying its real estate business.

  • Should Shopping Malls Be Bailing Out Ailing Retailers?
    Motley Fool

    Should Shopping Malls Be Bailing Out Ailing Retailers?

    While it may help stave off bankruptcies, it might also make the mall operators a riskier bet.

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    5 Top Value Stocks to Buy Now

    Value stocks are attractively priced and have the potential to produce market-beating results for patient investors.

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    3 Unknown but Amazing Dividend Stocks

    Though these three stocks aren't household names, they offer investors great businesses and solid dividends.

  • Motley Fool

    Sears Is Closing a Bunch of Stores (Again)

    Sears' post-bankruptcy turnaround effort seems to be failing already.

  • 9 Reasons to Buy Simon Property Group and Never Sell
    Motley Fool

    9 Reasons to Buy Simon Property Group and Never Sell

    Despite the retail headwinds, Simon could be a great long-term investment

  • Barrons.com

    Mondelez International and Simon Property Group Are Raising Their Dividends

    The maker of Oreo cookies and one of the county’s major shopping mall owners announced dividend increases this week.

  • Simon Property Group Inc (SPG) Q2 2019 Earnings Call Transcript
    Motley Fool

    Simon Property Group Inc (SPG) Q2 2019 Earnings Call Transcript

    SPG earnings call for the period ending June 30, 2019.

  • Simon Shares a Deal at This 'Sale' Price
    TheStreet.com

    Simon Shares a Deal at This 'Sale' Price

    An industry-wide rout of real estate investment trusts has brought ultra-high quality Simon Property Group back into extremely undervalued territory.

  • What It's Going to Take to Survive the Next Round of Store Closures
    Motley Fool

    What It's Going to Take to Survive the Next Round of Store Closures

    Mall owners are getting hit anew by a retail downturn. What REITs are doing what it takes to thrive in a tough consumer environment?

  • Can This REIT Take On Amazon?
    Motley Fool

    Can This REIT Take On Amazon?

    Mall owner Simon Property Group is building an online shopping platform. Is this a misguided move against Amazon, or is there something else afoot?

  • GuruFocus.com

    52-Week Company Lows

    According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of ConocoPhillips (COP) shares has declined to close to the 52-week low of $58.96, which is 29.3% off the 52-week high of $80.24. The company has a market cap of $66.64 billion.

  • Better Buy: Realty Income vs. Simon Property Group
    Motley Fool

    Better Buy: Realty Income vs. Simon Property Group

    Which retail REIT should rule?

  • GuruFocus.com

    Aristotle Fund Lp Buys SINA Corp, Simon Property Group Inc, Sells Office Depot Inc

    Portland, ME, based Investment company Aristotle Fund Lp buys SINA Corp, Simon Property Group Inc, sells Office Depot Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment ...

  • Simon Property Group Inc (SPG) Q1 2019 Earnings Call Transcript
    Motley Fool

    Simon Property Group Inc (SPG) Q1 2019 Earnings Call Transcript

    SPG earnings call for the period ending March 31, 2019.

  • CNBC

    The biggest mall owner in the US 'can't guarantee' there won't be more retail wreckage this year

    Simon Property Group is anticipating the pace of retail store closures will slow after a nasty start to the year, but its CEO won't make any promises. The mall owner reported first-quarter earnings for 2019 and reaffirmed its outlook for the full year. The biggest mall owner in the country is anticipating the pace of retail store closures will slow after a nasty start to the year.