Latest news with #SimonProperty
Time of India
13 hours ago
- Business
- Time of India
Miami's Brickell City Centre sold to Simon Property in up to $548.7 million deal
BENGALURU: U.S.-based shopping mall owner Simon Property Group has acquired the parking and retail segments of Miami 's Brickell City Centre for up to $548.7 million from Swire Properties , the Hong Kong-listed company said on Friday. Simon Property already owned a 25% stake in the retail component since 2025 and has now bought the remaining. Swire said in a statement proceeds from the deal would be used for the funding requirements of the group's U.S. arm and general working capital requirements. Brickell City Centre stretches across four floors and features more than 90 retail stores, anchored by Saks Fifth Avenue . It forms part of a mixed-use development in Miami's financial district, which also includes office and residential towers as well as a hotel. Simon Property is a real estate investment trust engaged in the ownership of shopping malls, dining and entertainment sites.
Yahoo
a day ago
- Business
- Yahoo
Miami's Brickell City Centre sold to Simon Property in up to $548.7 million deal
(Reuters) -U.S.-based shopping mall owner Simon Property Group has acquired the parking and retail segments of Miami's Brickell City Centre for up to $548.7 million from Swire Properties, the Hong Kong-listed company said on Friday. Simon Property already owned a 25% stake in the retail component since 2025 and has now bought the remaining. Swire said in a statement proceeds from the deal would be used for the funding requirements of the group's U.S. arm and general working capital requirements. Brickell City Centre stretches across four floors and features more than 90 retail stores, anchored by Saks Fifth Avenue. It forms part of a mixed-use development in Miami's financial district, which also includes office and residential towers as well as a hotel. Simon Property is a real estate investment trust engaged in the ownership of shopping malls, dining and entertainment sites. 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
14-06-2025
- Business
- Yahoo
How Much Would It Take To Earn $100 A Month From Simon Property Stock
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 real estate investment trust that owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations. The 52-week range of Simon Property stock price was $136.34 to $190.14. Simon Property's dividend yield is 5.22%. It paid $8.40 per share in dividends during the last 12 months. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – On May 12, the company announced its Q1 2025 earnings, posting FFO of $2,67, missing the consensus estimate of $2.91, while revenues of $1.47 billion came in above the consensus of $1.36 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.' The company reaffirmed its full-year 2025 outlook for Real Estate FFO in the range of $12.40 to $12.65 per diluted share. Check out this article by Benzinga for five analysts' insights on Simon Property. Trending: Invest Where It Hurts — And Help Millions Heal: If you want to make $100 per month — $1,200 annually — from Simon Property dividends, your investment value needs to be approximately $22,989, which is around 143 shares at $160.89 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (5.22% in this case). So, $1,200 / 0.0522 = $22,989 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Simon Property stock an attractive option for making a steady income of $100 per month by owning 143 shares of stock. . With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio. In October 2024, Arrived sold The Centennial, achieving a total return of 34.7% (11.2% average annual returns) for investors. Arrived aims to continue delivering similar value across our portfolio through careful market selection, attentive property management, and thoughtful timing in sales. Looking for fractional real estate investment opportunities? The features the latest offerings. Image: Shutterstock This article How Much Would It Take To Earn $100 A Month From Simon Property Stock 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
27-05-2025
- Business
- Yahoo
Simon Property price target lowered to $180 from $200 at BMO Capital
BMO Capital analyst Juan Sanabria lowered the firm's price target on Simon Property (SPG) to $180 from $200 and keeps a Market Perform rating on the shares. The firm made changes to its models for a number of REITs due to interest rate changes, recent results, and/or discussions with company management. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SPG: Disclaimer & DisclosureReport an Issue Simon Property price target lowered to $200 from $205 at Piper Sandler Simon Property Group's Earnings Call: Growth Amid Challenges Simon Property Approves Redomestication to Indiana Simon Property price target raised to $180 from $168.50 at Stifel Stable Outlook for Simon Property Group Amid Modest FFO Shortfall Warrants Hold Rating 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
