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Yahoo
6 days ago
- Business
- Yahoo
The 10 highest-paid CEOs
It's no secret that CEO pay is out of control. A 2024 study from the Economic Policy Institute found that it's risen an astronomical 1,085% since 1978, compared to a paltry 24% rise in typical workers' pay. In 2023, CEOs were paid on average 290 times more than a typical worker, a stark contrast to 1965, when CEOs received about 21 times more than their average employee. On Monday, the Wall Street Journal released its annual list of the highest-paid executives. It reported a record-breaking year for CEOs, half of whom made $17.1 million or more in 2024, up $1.3 million from the year before. Continue reading to see the 10 highest-paid CEOs in 2024. Netflix (NFLX) co-CEO Greg Peters netted $60.27 million last year, a 50% boost from 2023. David Simon, CEO of the real estate investment trust Simon Property Group (SPG), took home $61.39 million last year, a 294% increase from the year before. Netflix's other co-CEO Ted Sarandos took home $61.92 million in 2024, up 24% from 2023. Scott Nuttall, co-CEO of the investment firm KKR (KKR), took home $64.20 million last year, up 36% from 2024. David Gitlin, CEO of HVAC company Carrier Global (CARR), made $65.73 million last year, up 271% from the year before. Joseph Bae, the other co-CEO of KKR, made $73.09 million, up 49% from 2023. Apple (AAPL) CEO Tim Cook took home $74.61 million in 2024, up 18% from 2023. Blackstone (BX) CEO Stephen Schwarzman made $84.03 million last year, down 30% from 2023. GE's chief executive, H. Lawrence Culp Jr., made $88.95 million last year, up 505% from 2023. Rick Smith, CEO of TASER-maker Axon Enterprise (AXON), made $164.53 million last year, up more than 999%. For the latest news, Facebook, Twitter and Instagram. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
If You Invested $10K In Simon Property Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Simon Property Group Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust that owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. The company's stock traded at approximately $184.03 per share 10 years ago. If you had invested $10,000, you could have bought roughly 54 shares. Currently, shares trade at $165.12, meaning your investment's value could have declined to $8,972 from stock price depreciation. However, Simon Property also paid dividends during these 10 years. Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Simon Property's dividend yield is currently 5.09%. Over the last 10 years, it has paid about $74.40 in dividends per share, which means you could have made $4,043 from dividends alone. Summing up $8,972 and $4,043, we end up with the final value of your investment, which is $13,015. This is how much you could have made if you had invested $10,000 in Simon Property stock 10 years ago. This means a total return of 30.15%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 232.30%. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Simon Property has a consensus rating of "Buy" and a price target of $150.50 based on the ratings of 18 analysts. The price target implies a nearly 10% potential downside from the current stock price. On May 12, the company announced its Q1 2025 earnings, posting FFO of $2.67 and revenues of $1.47 billion, as reported by Benzinga. 'Our first-quarter results underscore the strength of our business,' said CEO David Simon. 'We delivered strong financial and operational performance and enhanced our portfolio with the acquisition of The Mall Luxury Outlets in Italy and the successful opening of Jakarta Premium Outlets in Indonesia. As macroeconomic conditions continue to shift, we are well-positioned with a fortress balance sheet and a proven track record of navigating successfully through a wide range of economic cycles.' , For the full-year 2025, the company reaffirmed its outlook for Real Estate FFO of $12.40 to $12.65 per diluted share. Given the expected downside potential, growth-focused investors may not find Simon Property stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 5.09%. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock Send To MSN: 0 This article If You Invested $10K In Simon Property Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Mall Giant David Simon Says Leasing Demand ‘Is Still Strong'
Despite waning consumer confidence, trade wars and economic uncertainties, Simon Property Group, the nation's largest operator and owner of shopping centers, came out looking good last quarter. Funds from operations, a standard financial yardstick at real estate companies, reached $1.1 billion, or $2.95 per diluted share, for the first quarter, compared with $1.09 billion, or $2.91 per diluted share in the prior year. More from WWD Simon Launches New Data Capabilities Forever 21 U.S. Operator Readies Bankruptcy Filing, Preps New Operating Strategy Simon Teams With Shopify and Leap to Bring Brands to Its Centers Domestic property net operating income (NOI) for the three months ended March 31 increased 3.4 percent and portfolio NOI increased 3.6 percent compared to the prior year period. Occupancy as of March 31 was 95.9 percent, up from 95.5 percent a year earlier. Base minimum rent per square foot stood at $58.92, a year-over-year increase of 2.4 percent. Reported retailer sales per square foot was $733 for the 12 months ended March 31, versus $745 a year earlier. The decline was attributed to a shift in Easter timing, weather conditions impacting traffic, West Coast fires, and less tourism, particularly from Canadian and Mexican shoppers. Tourism to the U.S. has declined due, in part, to economic concerns and the strength of the dollar against other currencies. Simon reaffirmed its outlook for real estate FFO of $12.40 to $12.65 per diluted share for 2025. On Jan. 30, the company completed the acquisition of two luxury outlets in Italy — The Mall Firenze in Leccio, near Florence, and The Mall Sanremo, on the Italian Riviera. Last March, Simon's 50-percent-owned Jakarta Premium Outlets in Tangerang, Indonesia, opened with 302,000 square feet featuring global and local brands and international dining. 'Our first-quarter results underscore the strength of our business,' David Simon, chairman, chief executive officer and president, said in a statement. 'We delivered strong financial and operational performance and enhanced our portfolio with the acquisition of The Mall Luxury Outlets in Italy and the successful opening of Jakarta Premium Outlets in Indonesia. As macroeconomic conditions continue to shift, we are well-positioned with a fortress balance sheet and a proven track record of navigating successfully through a wide range of economic cycles.' Simon's board also declared a quarterly common stock dividend of $2.10 for the second quarter. This is an increase of 10 cents, or 5 percent year-over-year. Regarding the impact of tariffs on dealmaking with retailers, Simon said during a conference call with investors: 'It's only affected four deals that I am aware of from one European retailer. Other than that, at this point, it hasn't really affected any demand.' He said many retailers are holding off bringing in goods from China, which could affect their inventory levels. 'They're to source it elsewhere, which they may or may not be successful with.' Leasing demand 'is still strong and we haven't seen, by any stretch of the imagination, an across-the-board reduction.' He said traffic in shopping centers is 'holding up. The malls are actually performing above and the outlets are relatively flat.' Some border properties by Mexico or Canada have seen 'a slowdown in traffic and sales, but they're great long-term assets,' Simon said. He characterized the consumer as 'fine, being a little more cautious. I do think tourism is — this may be the wrong word — flattening, waning.' Simon said retailers 'have probably another month or so, maybe longer, to decide what they're going to do with respect to China for Q4 inventory…a number of retailers have already reduced their exposure to China dramatically.' The demand for former Forever 21 sites 'has been really good. We've got basically over half of them leased,' Simon said, adding that Primark, the Dublin-based value oriented family retail, is among the retailers actively pursuing former Forever 21 sites. Regarding luxury tenants, Simon, without specifying, said some are 'absolutely on fire, others are bringing in new designers and upgrading the brand…They think very long-term like we do. So there really hasn't been a change of mood or commitment from those brands. There are always ups and downs, but I think overall from a sales point view, it's relatively flat.' Catalyst Brands, he said, saw 'real improvement quarter-over-quarter' as the combination of business realized synergies, the Forever 21 operating company went into bankruptcy. Simon, Brookfield Corp., Authentic Brands Group and Shein earlier this year formed Catalyst Brands, consisting of SPARC's Lucky Brand, Aéropostale, Nautica, Eddie Bauer and Brooks Brothers brands, as well as of WWD In Commercial Real Estate, Experience Matters Striving for Retail of a Different Ilk in Boston's Seaport Box Equities Forms Joint Venture With Artemis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
17-04-2025
- Entertainment
- The Independent
Warfare cast reflect on their breakout roles: ‘I'm forever thankful'
In 20 years time, film fans will watch Warfare and wonder: 'How did they assemble that cast?'. Alex Garland 's drama, which he co-wrote and directed with Ray Mendoza, features a who's who of rising stars, ranging from Joseph Quinn, who's just been cast as George Harrison in Sam Mendes' four planned Beatles biopics, to Charles Melton, the Riverdale actor who won acclaim for his role in Todd Haynes drama May December. Ahead of the film, which is a re-enactment of a 2006 incident that former US Navy SEAL Mendoza experienced in Iraq, The Independent spoke to the cast, who reflected on the breakout roles that put them on a path to Hollywood success. Two years after playing a teenage version of Elton John in biopic Rocketman, Kit Connor, 21, was launched to fame with Heartstopper, the Netflix coming-of-age series he said he will be 'forever thankful for'. 'It's given me a lot of great friends and amazing opportunities and allowed me to meet a lot of really awesome people,' Connor said of the series that explores gay romance. The series, based on Oseman's webcomic and graphic novel of the same name, also stars Joe Locke, William Gao, Yasmin Finney and Olivia Colman in a cameo role. The profile of Connor's Warfare co-star Michael Gandolfini has risen considerably since 2021 when he starred as a young version of Tony Soprano in The Sopranos prequel film The Many Saints of Newark. This was the character memorably played by his father James Gandolfini in the acclaimed HBO series. 'I'd probably say The Many Saints of Newark was probably the first big thing I did,' the actor said, acknowledging that the role 'was so tied up with The Sopranos and my dad, and a lot of stuff'. Gandolfini said that while, on a global scale, The Many Saints of Newark put him on the Hollywood map, it was The Deuce, David Simon's HBO series about the porn industry, that provided him with his first screen acting experience. 'The first show I ever had was The Deuce – David Simon's unbelievable,' the actor said. 'Being on that show and learning how to hit marks and that being my own thing was pretty incredible.' Meanwhile, D'Pharaoh Woon-A-Tai recalled his role in the comedy-drama series Reservation Dogs, which was the first American series to feature all Indigenous writers and directors. Woon-A-Tai received an Emmy nomination for his role as guarded teenager Bear Smallhill – and he attributed his success to 'luck'. 'I'm lucky Sterlin Harjo [who co-created the show with Taika Waititi] put his trust in me for telling such a personal story,' the actor said. One Warfare actor who is past the 'rising star' stage of his career is Will Poulter, who has amassed an impressive string of roles since his debut, when he was 14, in the comedy Son of Rambow. His credits include the comedy We're the Millers, horror film Midsommar and Marvel sequel Guardians of the Galaxy Vol 3. But it's Son of Rambow he considers his breakout, saying: 'I got really lucky with that being my first job – not least in the sense that the director Garth Jennings and Nick Goldsmith, the producer, were the best film dads I could have wished for in a first-time experience.' 'It was a really wholesome, fun time with my good friend Bill Milner. We played best mates in that movie and had the summer of our lives – and 20 years later, we're still friends.' Warfare is in cinemas on Friday (18 April).
Yahoo
10-02-2025
- Business
- Yahoo
Simon Property Plots Major Upgrade for Smith Haven Mall, Burnishing a ‘B' Mall on Long Island
Zara, Sur la Table, Ford's Garage burger and brewhouse and an updated food court are among the new retailers and features coming to the Smith Haven Mall in Lake Grove, N.Y., as Simon Property Group moves to transform its 'B' malls across the country. Simon said Monday that transforming the Smith Haven Mall, located on eastern Long Island, is multimillion-dollar project that will begin this summer and is expected to be completed in 2026. The company did not specify its budget on the project. More from WWD EXCLUSIVE: Greg Scott Named CEO of Phoenix, Parent of Bonobos, Express Simon Posts Solid Year-end Results, Cites Robust Agenda on Redevelopments Kering Sells The Mall Luxury Outlets to Simon Property Group Simon, a real estate investment trust, described the project as 'a major redevelopment' that will include new marquee retailers, dining destinations, a green outdoor plaza, new landscaping, seating and amenities throughout the property. The exterior will be repainted and the signage, entryways and floors will be updated. 'We do think there's a real effort, focus and growth in the 'Bs' where we're investing our dollars. So that's a big program for us in 2025 and '26,' David Simon, chairman, president and chief executive officer of Simon, said last week, after the company released its results for the fourth quarter. Simon implied that much of what occurs at Smith Haven, in terms of improvements, will be seen at some other B malls around the country, as the company continues to also invest in improvements at its A properties. In real estate jargon, a 'B' mall is typically a shopping center in a secondary market with mid-tier retailers, while an 'A' mall generates greater sales productivity with more upscale retailers and is situated in a larger market. 'At Simon, we are committed to making significant investments across our portfolio to ensure that our centers continue to deliver exceptional customer experiences for today's shoppers,' Mark Silvestri, president of development at Simon, said in a statement Monday. Golf Lounge 18, an indoor golf facility with a bar, is scheduled to open in March. The Dublin-based, value-oriented fashion retailer Primark and the Spanish retailer Mango both recently opened in the mall, which features more than 130 stores, including L.L. Bean, Apple, H&M, White House Black Market, LoveSac, Aerie, Forever 21, The Lego Store and Sephora. Best of WWD In Commercial Real Estate, Experience Matters Striving for Retail of a Different Ilk in Boston's Seaport Box Equities Forms Joint Venture With Artemis
