Simon Property Group Inc (N:SPG)

Sector:  Financials Industry:  Commercial REITs
See Regulatory Filings on SEC
Company Contact
Address: 225 W Washington St
Tel: N/A
IR: See website
Key People
David E. Simon
Chairman of the Board, President, Chief Executive Officer
Richard S. Sokolov
Vice Chairman of the Board
Brian J. McDade
Chief Financial Officer, Executive Vice President, Treasurer
Adam J. Reuille
Senior Vice President, Chief Accounting Officer
John Rulli
Chief Administrative Officer, President - Malls
Steven E. Fivel
General Counsel, Secretary
Alexander L. W. Snyder
Assistant General Counsel, Assistant Secretary
Business Overview
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.
Financial Overview
For the six months ended 30 June 2020, Simon Property Group Inc revenues decreased 15% to $2.42B. Net income applicable to common stockholders decreased 34% to $691.8M. Revenues reflect FFO per Share (Basic) decrease of 19% to $2.45, FFO per Share (Diluted) decrease of 19% to $2.45, Lease income decrease of 12% to $2.28B, Other income decrease of 59% to $89.5M. Net income also reflects Net Operating Income (NOI), Total decrease of 9% to $2.77B.
Employees: 3,000 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $45,366M as of Jun 30, 2020
Annual revenue (TTM): $5,321M as of Jun 30, 2020
EBITDA (TTM): $3,948M as of Jun 30, 2020
Net annual income (TTM): $1,746M as of Jun 30, 2020
Free cash flow (TTM): -$14.60M as of Jun 30, 2020
Net Debt Last Fiscal Year: $23,963M as of Jun 30, 2020
Shares outstanding: 305,895,220 as of Jun 30, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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