Simon Property Group Inc (N:SPG)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 225 West Washington Street INDIANAPOLIS IN 46204-3438 |
| Tel: | 1-704-8041960 |
| Website: | https://www.simon.com |
| 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 |
| Donald G. Frey Executive Vice President, Treasurer | Adam J. Reuille Senior Vice President, Chief Accounting Officer | John Rulli Chief Administrative Officer |
| Steven E. Fivel General Counsel, Secretary | Kevin M. Kelly 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 premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. It owns or holds an interest in approximately 195 income-producing properties in the United States, which consists of 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. It also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. Internationally, the Company has ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Simon Property Group Inc revenues increased 7% to $5.66B. Net income applicable to common stockholders increased 7% to $2.28B. Revenues reflect NAREIT FFO - Per Share - Basic - Total increase of 5% to $12.51, NAREIT FFO - Per Share - Diluted - Total increase of 5% to $12.51, Lease income increase of 5% to $5.16B, Other income increase of 37% to $368.5M. |
| Employees: | 2,500 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $71,298M as of Dec 31, 2023 |
| Annual revenue (TTM): | $5,659M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,141M as of Dec 31, 2023 |
| Net annual income (TTM): | $2,280M as of Dec 31, 2023 |
| Free cash flow (TTM): | $696.38M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $24,864M as of Dec 31, 2023 |
| Shares outstanding: | 325,899,010 as of Jan 31, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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