Why Are People Talking About Investing in SPG?

By Scott Lee • Sunday, March 30 15:09 • Permanent Link

More and more people are talking about Simon Property over the last few weeks. Is it worth buying the Specialty Real Estate Investment Trust stock at a price of $164.28? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Simon Property has moved 7.0% over the last year, and the S&P 500 logged a change of 6.4%
SPG has an average analyst rating of buy and is -13.94% away from its mean target price of $190.89 per share
Its trailing earnings per share (EPS) is $7.26
Simon Property has a trailing 12 month Price to Earnings (P/E) ratio of 22.6 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $6.78 and its forward P/E ratio is 24.2
The company has a Price to Book (P/B) ratio of 18.48 in contrast to the S&P 500's average ratio of 4.74
Simon Property is part of the Real Estate sector, which has an average P/E ratio of 31.12 and an average P/B of 2.15
SPG has reported YOY quarterly earnings growth of -11.1% and gross profit margins of 0.8%
The company has a free cash flow of $1.95 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.