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No. of Recommendations: 2
Don't take my word for it...ask TMF:

https://www.millionacres.com/real-estate-investing/articles/...

The strategy has certainly paid off.In fact, Simon is one of the few retail REITs that didn't suspend its dividend in 2020, and the company recently raised its full-year guidance due to strong shopper traffic and retail sales. And with nearly $9 billion in liquidity, the company has the financial flexibility to keep up with changing consumer tastes going forward.

And with shares trading for just 12x the full-year funds from operations (FFO) estimates -- and for roughly half of their pre-pandemic high -- Simon could be worth a closer look now.

and SA:
https://seekingalpha.com/article/4458122-simon-property-spg-...

This holiday season should be a catalyst to show the markets that Simon Property's malls are not facing this same decline, but in fact are actually growing during this challenging period. For this reason, we see now as a great time to own Simon Property Group, before the stock's next leg up begins.

2020 prediction was from $60s to $90. Basically hit that.
2021 prediction was from about $90 to $135. On track.
2022 prediction - thinking it hits (but perhaps doesn't stay at) $180, perhaps as soon as Q4 ER around Feb 2022.

Dreamer
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No. of Recommendations: 0
https://finance.yahoo.com/news/simon-teams-klarna-offer-gues...

Simon Property Group and Klarna partnering up.
Gives their tenants access to Klarna's BNPL financing.

Also in article is little tidbit from Klarna exec stating mall traffic expected to exceed 2019 levels.

Simon over $135 at moment. My cost basis was low $60s, and that doesn't include the dividends that keep showing up every three months in increasing amounts.

For those keeping score at home, of the commonly touted growth stocks at TMF, only UPST and NET have outperformed SPG YTD. NET about 75% vs SPG 60%. UPST in another world of course. Stocks like GLBE don't count, as they haven't been around all year (too new).

Dreamer
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No. of Recommendations: 1
Stock near $145 now.
Or well over 100% since start of last Nov.

ER is fast approaching, and expect more goodness.

Supply shortages will piss off everyone, but when you need gifts in-hand, you are going to go to the stores/malls these holiday seasons.

Cue SPG...

Per CNBC:
https://www.cnbc.com/2021/10/20/holiday-shopping-2021-record...


*Out-of-stock messages online are expected to be up 172% this holiday season compared with 2020 levels, and up 360% on a two-year basis, according to new data from Adobe Analytics.
*The apparel category is forecast to have the highest out-of-stock levels, Adobe said, followed by sporting goods, baby products and electronics.
*A separate survey by consulting firm Deloitte found people are most likely going to cast blame on delivery providers, such as UPS or FedEx, for delays.


To sum up: online shopping will be sub-par, and consumers will turn their internal blame-o-meter onto ecommerce shipping facilitators.

Again - you will wind up getting in your vehicles, and physically going to a store, and buying a physical object.

Covid giveth and covid taketh away.

Dreamer
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No. of Recommendations: 0
https://www.thestreet.com/investing/simon-property-target-pr...

Bank of America says $165.

Giddyup!


Dreamer
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No. of Recommendations: 2
SPG ER CC for Q3 is today.

https://www.stocktitan.net/news/SPG/simon-property-group-rep...

"Based upon results to date and expectations for the remainder of 2021, we are once again increasing full-year 2021 guidance and raising our quarterly dividend."

Net income attributable to common stockholders was $679.9 million, or $2.07 per diluted share, as compared to $145.9 million, or $0.48 per diluted share in 2020.

Funds From Operations ("FFO") was $1.176 billion, or $3.13 per diluted share, as compared to $723.2 million, or $2.05 per diluted share, in the prior year period, a 52.7% increase.

Domestic property net operating income ("NOI") increased 24.5% compared to the prior year period. Portfolio NOI, which includes NOI from domestic properties, international properties and NOI from the Company's investment in Taubman Realty Group, increased 34.3% compared to the prior year period.

U.S. Malls and Premium Outlets Operating Statistics
Occupancy was 92.8% at September 30, 2021.

Development Activity

The first phase of the transformation of Northgate Station (Seattle, WA), featuring the National Hockey League's Seattle Kraken corporate offices and the Kraken Community Iceplex, opened in September. This first phase is part of a multi-year development that will evolve Northgate Station into a mixed-use, transit-oriented community.

The redevelopment of Burlington Mall (Boston, MA) opened during the quarter including an exciting line-up of premier dining and innovative retailers, as well as an outdoor gathering green space, including amenities for seasonal programming and community events.

During the quarter, construction started on Fukaya-Hanazono Premium Outlets®, the tenth Premium Outlet® Center in Japan. The 292,500 square foot upscale outlet located in Fukaya City (Tokyo), is projected to open in October 2022. Simon owns 40% of this project.

On October 15, 2021, Jeju Premium Outlets (Jeju Island, South Korea) opened with 92,000 square feet of high-quality, name brand stores. Jeju Premium Outlets is the fifth Premium Outlet® Center in South Korea. Simon owns a 50% interest in this center.

Dividends raised (again)
Simon's Board of Directors declared a quarterly common stock dividend of $1.65 in cash on November 1, 2021, for the fourth quarter of 2021. This is a 26.9% increase year-over-year and a 10.0% increase compared to the third quarter 2021 dividend. The dividend will be payable on December 31, 2021 to shareholders of record on December 10, 2021.


Guidance raised (again) for full year 2021.
The Company currently estimates net income to be within a range of $6.61 to $6.71 per diluted share and FFO will be within a range of $11.55 to $11.65 per diluted share for the year ending December 31, 2021. The FFO per diluted share range is an increase of $0.85 per share from the $10.70 to $10.80 per diluted share range provided on August 2, 2021.

Currently up 3% in AH.

Dreamer
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No. of Recommendations: 1
Better late than never...Barrons says mall stocks are all the rage.

https://www.barrons.com/articles/macys-abercrombie-simon-pro...

I went to local non-SPG mall yesterday...PACKED!

People be shopping.
Might we see yet more upside in good ol SPG thru EOY?

$185 would be nice!
SPG is still 20% allocation.

Dreamer
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No. of Recommendations: 1
Gotta thank you for spg, only been investing in individual stocks for about 5 months but came across a post where you were explaining that you use it to 'hold' money. I had never thought of doing that, but I have been keeping money in spg and deploying it a bit at a time as I find something worthy and then when I sell I drop the money back with spg. It has allowed me to stay fully invested and has been a very productive holder.

Thanks,
Kenny
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