$SPG (Simon Property Group Inc.)

$SPG {{ '2015-07-24T15:50:01+0000' | timeago}} • Webcast

$SPG 2Q15 Q&A: On a question regarding redevelopment pipeline beyond 2017, David answered that Sears gives lot of redevelopment opportunities. SPG is closer to starting the southwest corridor in Copley which is not in those numbers. SPG is going to start Copley very shortly. Rich added that SPG already announced a major expansion in Jersey Gardens.

$SPG {{ '2017-10-27T17:29:47+0000' | timeago}} • Infographic

$SPG Simon Property Group Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$SPG {{ '2017-10-27T15:37:51+0000' | timeago}} • Announcement

$SPG narrowed its 2017 EPS guidance to $6.23-6.28 from $6.20-6.28 and its FFO outlook to $11.17-11.22 from $11.14-11.22. This current range includes an expected $0.03 per share negative impact in 4Q17 due to the ongoing repair and restoration of its two centers located Puerto Rico.

$SPG {{ '2017-10-27T15:29:11+0000' | timeago}} • Announcement

$SPG's BoD declared a quarterly common stock dividend of $1.85 per share. This is a 12.1% increase year-over-year. The dividend will be payable on Nov. 30, 2017 to stockholders of record on Nov. 16, 2017. The company will pay $7.15 per share in common stock dividends in 2017, a 10.0% increase year-over-year.

$SPG {{ '2017-10-27T15:27:29+0000' | timeago}} • Announcement

$SPG reported a rise in 3Q17 earnings driven by higher revenue. Net income rose to $513.8MM or $1.65 per share from $504.7MM or $1.61 per share last year. Revenue grew to $1.4Bil from $1.36Bil. Funds from operations increased 7% to $1.04Bil or $2.89 per share.

$SPG {{ '2017-10-05T19:43:34+0000' | timeago}} • Announcement

$SPG broke ground on Denver Premium Outlets in Thornton, Colorado. Denver Premium Outlets is slated to open in fall 2018. It will be the 92nd Premium Outlets center in $SPG’s portfolio, generating more than 500 construction jobs and around 700 full and part-time jobs.

$SPG {{ '2017-06-15T17:11:54+0000' | timeago}} • Announcement

Genting Simon, a joint venture between Genting Plantations and $SPG, has opened Genting Highlands Premium Outlet, its second Premium Outlet Center in Malaysia. The 278,000 sq-ft facility will feature over 130 designers and brand name stores.

$SPG {{ '2017-05-22T18:01:18+0000' | timeago}} • Announcement

$SPG said it will invest $1Bil in both 2017 and 2018 in development projects. The company continues to reinvest in its portfolio to create premier gathering places at a record pace.

$SPG {{ '2017-04-27T13:22:18+0000' | timeago}} • Announcement

$SPG's funds from operations for 1Q17 rose 4.2% to $985MM, or $2.74 per share, compared to $951.8MM, or $2.63 per share during 1Q16. For FY17, $SPG expects EPS to be in the range of $6.50-6.60 and FFO to be about $11.45-11.55 per share.

$SPG {{ '2017-04-27T13:18:57+0000' | timeago}} • Announcement

$SPG reported lower 1Q17 earnings, as prior year results included gains of $22.7MM related to acquisition. Net income fell to $477.7MM, or $1.53 per share, compared to $481MM, or $1.55 per share during 1Q16. Revenue during the quarter was $1.35Bil.

$SPG {{ '2017-04-06T13:31:06+0000' | timeago}} • Announcement

Shinsegae Simon, a joint venture between Shinsegae Group and $SPG, opened Siheung Premium Outlets, its fourth Premium Outlet Center in South Korea. Siheung Premium Outlets will feature 220 domestic and international brands contained in 452,000 square feet of space.

$SPG {{ '2017-03-17T12:03:55+0000' | timeago}} • Announcement

$SPG amended and extended its $4Bil unsecured multi-currency revolving credit facility. The newly refinanced facility, which can be increased to $5Bil during its term, will initially mature on June 30, 2021 and can be extended for an additional year to June 30, 2022 at the company's sole option.

$SPG {{ '2017-02-15T12:54:54+0000' | timeago}} • Announcement

$SPG's BoD authorized a two year extension of its $2Bil common stock repurchase program that had previously been announced on April 2, 2015 and was scheduled to expire on March 31, 2017. Since the program's inception, $SPG has purchased about $600MM of its common stock. Under the extended program, $SPG may buy balance of about $1.4Bil.

$SPG {{ '2017-01-31T21:12:03+0000' | timeago}} • Webcast

For 2017, $SPG expects FFO per share to grew 9-10% to $11.45-11.55. This guidance assumes no planned or disposition activity, rising interest rate environment, the impact from a continued strong US dollar vs. euro and yen compared to 2016 levels and diluted share count of approx. 361MM shares.

$SPG {{ '2017-01-31T20:57:57+0000' | timeago}} • Webcast

$SPG reported a charge of $0.08 to 4Q16 FFO due to the company's decision to postpone the construction of Copley Residential Tower. The company got approvals for 14 out of the 15 required. $SPG postponed the project due to the uncertainty of receiving the last approval and the rapidly rising construction cost.

$SPG {{ '2017-01-31T15:04:50+0000' | timeago}} • Announcement

$SPG said its BoD declared a quarterly common stock dividend of $1.75 per share. The dividend will be payable on Feb. 28, 2017 to stockholders of record on Feb. 14, 2017. This is an increase of $0.10 from the previous quarter, and a YoverY increase of 9.4%.

$SPG {{ '2017-01-31T15:03:36+0000' | timeago}} • Announcement

$SPG's funds from operations for 4Q16 increased to $912.23MM or $2.53 per share from $866.46MM or $2.40 per share in the previous year quarter. Looking ahead into 2017, the company now expects EPS to be within the $6.45-6.55 range and FFO per share to be within the $11.45-11.55 range.

$SPG {{ '2017-01-31T15:01:09+0000' | timeago}} • Announcement

$SPG reported a rise in 4Q16 earnings on higher revenues and lower non-controlling interest income. Net income rose to $394.43MM from $392.3MM last year, while EPS slid to $1.26 from $1.27. Revenue grew to $1.43Bil from $1.38Bil.

$SPG {{ '2016-11-16T12:45:51+0000' | timeago}} • Announcement

$SPG intends to use the net proceeds from its recent offering of $1.85Bil for funding the planned optional redemption of its 10.35% notes due 2019, pending optional redemption of its 5.875% notes due 2017, and repaying a portion of the borrowings outstanding under its $3.5Bil unsecured supplemental revolving credit facility.

$SPG {{ '2016-11-16T12:38:46+0000' | timeago}} • Announcement

$SPG agreed to sell $550MM principal amount of its 2.35% senior notes due Jan. 30, 2022, $750MM principal amount of its 3.25% senior notes due Nov. 30, 2026, and $550MM principal amount of its 4.25% senior notes due Nov. 30, 2046. The offering is expected to close on Nov. 23, 2016, subject to customary closing conditions.

$SPG {{ '2016-10-26T17:57:04+0000' | timeago}} • Webcast

$SPG said total portfolio net operating income increased 6.6% for 3Q16. Comparable property net operating income increased 2.2% in the quarter. At the end of 3Q16, redevelopment and expansion projects were ongoing at 32 properties across the company’s platforms.

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