Simon Property Group Inc. (SPG) is a self-administered and self-managed real estate investment trust, which owns, develops and manages shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties.
It will report its Q4 2024 earnings on Feb. 4, after the market close. Wall Street analysts expect the company to post EPS of $3.40, down from $3.69 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.41 billion, down from $1.53 billion the year before.
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The 52-week range of Simon Property stock price was $135.15 to $186.
Simon Property dividend yield is 4.78%. It paid $8.40 per share in dividends during the last 12 months.
The Latest On Simon Property
On Nov. 1, the company announced its Q3 2024 earnings, posting FFO of $2.84, missing the consensus estimate of $3.03, and revenues of $1.481 billion, above the consensus of $1.325 billion, as reported by Benzinga.
"We are pleased with our quarterly results highlighted by strong financial and operational performance, the very successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets,” said David Simon, Chairman, chief executive officer and president. “Today we are pleased to raise our dividend for the fourth consecutive quarter, to $2.10 per share, a year-over-year increase of 10.5%.”
Check out this article by Benzinga to learn how the market is feeling about Simon Property Group.
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How Can You Earn $100 Per Month As A Simon Property Investor?
If you want to make $100 per month — $1,200 annually — from Simon Property dividends, your investment value needs to be approximately $25,105, which is around 143 shares at $175.62 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (4.78% in this case). So, $1,200 / 0.0478 = $25,105 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Simon Property stock an attractive option for making a steady income of $100 per month by owning 143 shares of stock.
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You Can Profit From Real Estate Without Being A Landlord
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