Simon Property Group primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers. The company was founded in 1960 and is based in Indianapolis, Indiana.
SPG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Simon Property Group Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Simon Property Group Inc ranked in the 49th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 12.67% on a DCF basis. The most interesting components of our discounted cash flow analysis for Simon Property Group Inc ended up being:
42% of the company's capital comes from equity, which is greater than just 20.97% of stocks in our cash flow based forecasting set.
Simon Property Group Inc's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 1.17% of tickers in our DCF set.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 11.59% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SPG, try CHCI, FR, LAMR, PCH, and BDN.
Let's start with the obvious. Malls and mall-REITS were under pressure before the COVID-19 Pandemic hit, and the pressure many have faced under COVID-19 restrictions has been existential for many. But not all malls - and not all mall REITS - were created equal. Some have vastly better prospects than...
Simon Property (SPG) declares $1.30/share quarterly dividend, in line with previous.Forward yield 7.9%Payable Oct. 23; for shareholders of record Oct. 9; ex-div Oct. 8.See SPG Dividend Scorecard, Yield Chart, & Dividend Growth....
INDIANAPOLIS , Sept. 29, 2020 /PRNewswire/ -- Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced a common stock dividend for the third quarter 2020. Simon's Board of Directors has declared a $1.30 per common share dividend, payable in cash, for the third quarter 2020. The dividend will be payable on October 23, 2020 to shareholders of record at the close of business on October 9 , 2020. The Company intends to release its financial results for the quarter ending September 30, 2020 on November 2, 2020 , before market open. Forward-Looking Statements Certain statements made in this press release may be deemed … Full story available on Benzinga.com