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home / news releases / SPG - Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation

SPG - Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation

Simon Property Group Inc.

2024-05-07 09:15:55 ET

Summary

  • Simon Property Group reported positive Q1 2024 earnings, beating market expectations for revenue and FFO.
  • Simon Property's occupancy rate remains strong at 95.5%, indicating the resilience of its business model in the retail sector.
  • SPG raised its FFO guidance and quarterly dividend, but its premium valuation still suggests a "Hold" recommendation.

Simon Property Group, Inc. ( SPG ) reported positive earnings today related to Q1 2024, but this seems to be already reflected in its premium valuation....

For further details see:

Simon Property Group Q1 Results: A 'Hold' Due To Its Premium Valuation
Stock Information
Company Name: Simon Property Group Inc.
Stock Symbol: SPG
Market: NYSE
Website: simon.com
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