Simon Property Group, Inc. (SPG) To Go Ex-Dividend on September 9th

Simon Property Group, Inc. (NYSE:SPG) declared a quarterly dividend on Monday, August 10th. Investors of record on Wednesday, September 9th will be paid a dividend of 2.25 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th.

Simon Property Group has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Simon Property Group has a dividend payout ratio of 131.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Simon Property Group to earn $13.69 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 65.7%.

Simon Property Group Stock Performance

NYSE:SPG opened at $209.49 on Monday. The firm has a market capitalization of $67.78 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.16 and a beta of 1.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 5.19. Simon Property Group has a 12-month low of $172.19 and a 12-month high of $238.50. The firm has a 50-day moving average price of $222.53 and a 200 day moving average price of $208.55.

Simon Property Group (NYSE:SPG) last released its quarterly earnings data on Monday, August 10th. The real estate investment trust reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Simon Property Group had a net margin of 66.56% and a return on equity of 89.32%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.200-13.300 EPS. Research analysts anticipate that Simon Property Group will post 13.2 earnings per share for the current fiscal year.

About Simon Property Group

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.