2024-02-08 05:36:33 ET
Summary
- Simon Property Group reported Q4 above expectations.
- The quarterly dividend has been increased to $1.95 per share which yields 5.4% on a forward basis.
- Beyond ongoing volatility in interest rates, we are bullish on the stock considering a positive outlook for this segment of premium shopping and mixed-use real estate.
Simon Property Group ( SPG ) reported its Q4 results, with a beat to consensus revenue and funds from operations. Shares rallied by more than 4% on the news which included a dividend increase announcement....
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Simon Property Group: Solid Trends Behind This 5.4% Yield