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Simon Property Group (NYSE:SPG) owns, develops and manages premier retail, dining, entertainment and mixed-use destinations, primarily shopping centers, Premium Outlets, The Mills and International Properties.
The company will report its fourth quarter 2024 earnings on February 3, 2025. Wall Street analysts expect the company to post earnings per share of $3.38, compared to $3.69 in the same period a year ago. According to Benzinga Pro, quarterly revenue is expected to reach $1.38 billion, up from $1.53 billion in the previous year.
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The company’s stock traded at about $178.87 per share a decade ago. If you had invested $10,000, you could have bought about 56 shares. Currently, shares are trading at €180.91, meaning the value of your investment could have grown to €10,114 from the price increase alone. However, Simon Property also paid dividends during these 10 years.
Simon Property’s dividend yield currently stands at 4.64%. Over the past ten years, it has paid out about $69.60 in dividends per share, meaning you could have earned $3,891 from dividends alone.
If we add €10,114 and €3,891 together, we arrive at the final value of your investment, namely €14,005. Here’s how much you could have made if you invested $10,000 in Simon Property stock 10 years ago. This means a total return of 40.05%. However, this figure is significantly lower than the S&P 500’s total return over the same period, which was 225.72%.
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Simon Property has a consensus rating of ‘Buy’ and a price target of $145.74, based on the ratings of 19 analysts. The price target implies a potential downside of more than 19% compared to the current share price.
On November 1, the company reported third-quarter 2024 earnings with an FFO of $2.84, missing the consensus estimate of $3.03. Revenues of $1.481 billion topped the $1.325 billion consensus reported by Benzinga.
“We are pleased with our quarterly results, which are highlighted by strong financial and operating performance, the highly 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 increase our dividend for the fourth consecutive quarter to $2.10 per share, a year-over-year increase of 10.5%.”
The company currently estimates full-year net income between $7.18 and $7.28 per diluted share and FFO between $12.80 and $12.90 per diluted share.
Check out this article from Benzinga, which examines Simon Property’s recent short interest.
Given the expected downside potential of 19%, growth-oriented investors may not find Simon Property shares attractive. Additionally, they can benefit from the company’s solid dividend yield of 4.64%.
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While Realty Income is undoubtedly a solid choice for investors looking for consistent monthly dividend income, it’s important to remember that publicly traded stocks are subject to market volatility. For those looking to diversify their income streams and potentially reduce exposure to market fluctuations, real estate investing through platforms like Arrivald is worth considering.
Arrivald allows individuals to invest in rental property shares for as little as $100, providing the opportunity for monthly rental income and long-term appreciation without the hassle of a landlord. With more than $1 million in dividends paid last quarter and a growing portfolio of properties across markets, Arrivald offers an attractive alternative for investors looking to build a diversified real estate portfolio.
This Article If You Invested $10,000 in Simon Real Estate Stock Ten Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com
