2024-03-05 14:45:24 ET
Simon Property Group, Inc. (SPG)
Citi's 2024 Global Property CEO Conference
March 05, 2024 9:35 AM ET
Company Participants
David Simon – Chief Executive Officer
Conference Call Participants
Nick Joseph – Citigroup
Craig Mailman – Citigroup
Presentation
Nick Joseph
Welcome to Citi's 2024 Global Property CEO Conference. I'm Nick Joseph joined by Craig Mailman with Citi Research, and we are pleased to have with us Simon Property Group and CEO, David Simon. The session is for Citi clients only. If media or other individuals are on the line, please disconnect now. Disclosures are available on the webcast and at the AV desk. For those in the room or the webcast, you can go to liveqa.com and enter code GPC24 to submit any questions.
David, we'll turn it over to you to introduce your company and team, provide any opening remarks, tell the audience the top reasons that investors should buy your stock today, and then we'll get into Q&A.
David Simon
Okay. I have Brian McDade, to my right, who is the CFO, what happened to Ward, come on up here, you get the front row seat. So we're giving Citi one chance. Okay. Last time I was here was 2017, one chance. No, I'm kidding. All right. So you want me to give a little highlight on it – on the company. Okay. So Tom wrote this. If you have any problems with it, talk to Tom. But last December, we celebrated our 30th year as a public company. In that period of time, we've paid out $42 billion of dividends. So I think we went public at $22.25. Marty Cicco screwed me for the last quarter, which didn't seem like a lot of money until you do the math and it was. So – and we – this year, at the end of this year, we'll be – that will be $133 or thereabouts, $135 of dividends paid. So, not quite technology returns, but a sense of the longevity of our company....
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Simon Property Group, Inc. (SPG) Citi's 2024 Global Property CEO Conference - Transcript