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Simon Property Group, Inc. (SPG) shares information

Simon Property Group, Inc.


24h Change

-2.05 %

SPG

Live rate: Market closed

Stock data per Friday 15 Jan, 2021

SPG
NEW YORK STOCK EXCHANGE, INC.
94.95
94
93.00
-1.95 (-2.05%)
US Market is closed

Live Stock price in graph for Simon Property Group, Inc. (SPG)

  • Latest Volume

    4,006,549 (-46.33 %)

  • Volume prev. day

    7,465,789

  • Avg. daily volume

    4,006,086

  • Market cap

    30,515,891,259

  • P/E ratio

    24.35

  • Today high

    94.24 USD

  • Today low

    92.33 USD

  • 52 week high

    139.13 USD

  • 52 week low

    41.69 USD

  • YTD Change

    + 7.00 %

Quick links

 

Latest news about Simon Property Group, Inc.

Below you can find the most recent news posts about Simon Property Group, Inc., primarily from US and UK based news sources.

Simon Property Group Sells $1.5 Billion Of Senior Notes

Monday, 11 January 2021, 23:09:00
INDIANAPOLIS , Jan. 11, 2021 /PRNewswire/ — Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the “Operating Partnership”), has agreed to sell: $800 million principal amount of its 1.750% senior notes due 2028, and $700 million principal amount of its 2.200% senior notes due 2031. Combined, the two new issues of senior notes have a weighted average term of 8.4 years and a weighted average coupon rate of 1.96%. The offering is expected to close on January 21, 2021 , subject to customary closing conditions. The Operating Partnership intends to use the net proceeds of the offering: to fund the planned optional redemption of its $550 million aggregate principal amount of 2.500% notes due July 2021 (plus the make-whole amount); and for general corporate purposes, including to repay unsecured indebtedness, including indebtedness outstanding under its senior unsecured revolving credit facility, its senior unsecured delayed-draw term loan facility and/or its global unsecured commercial paper note program.
— Benzinga


Investors will need to be stock pickers in 2021, BTIG says and here are the firm's favorites

Tuesday, 5 January 2021, 18:11:33
2021 will be a stock pickers market, according to BTIG, with names like Uber and Simon Property Group expected to outperform.
— CNBC


JCPenney’s Jill Soltau Is Out as Retailer’s New Owners Split Company

Wednesday, 30 December 2020, 23:01:06
(Bloomberg) — The new owners of JCPenney replaced Chief Executive Officer Jill Soltau less than a month after re-launching the department store chain that went bankrupt during the pandemic.Soltau will depart Dec. 31 and be succeeded by Stanley Shashoua, the chief investment officer of Simon Property Group Inc., while a search for a new CEO is conducted, according to a statement Wednesday. Mall owners Simon and Brookfield Asset Management Inc. acquired the retail operations of J.C. Penney Co. to help keep one of their biggest tenants in business. The brief, two-paragraph announcement gave no explanation for the CEO change.The departure is another burden for the struggling department store chain, which made rapid-fire leadership changes over the past decade as a series of turnaround plans fell short. While it wouldn’t be unusual for new owners to bring in a new leader, restarting the process could hurt JCPenney as it tries to right the company, said David Swartz, equity analyst at Morningstar Inc.“It’s not great news,” Swartz said.Turnaround PlanSoltau, hired in October 2018, was in the middle of overseeing her own turnaround plan and putting a new team in place when the Covid-19 pandemic swept the globe this year and temporarily shuttered many retail stores.
— Yahoo Finance


JCPenney starts search for new CEO

Wednesday, 30 December 2020, 22:04:59
JCPenney said on Wednesday new owners Simon Property Group and Brookfield Asset Management have begun a search for a new chief executive officer to replace Jill Soltau. Soltau, who joined the struggling retailer about two years ago, will leave the company on Dec. 31. Simon’s chief investment officer, Stanley Shashoua, would be appointed Penney’s interim CEO. The…
— New York Post


J.C. Penney CEO Jill Soltau exits abruptly, as new owners say they’ll seek someone focused on ‘modern retail’

Wednesday, 30 December 2020, 20:28:12
J.C. Penney’s new owners, Simon Property Group and Brookfield Asset Management, said Wednesday that they have launched a search for a successor to CEO Jill…
— The Dallas Morning News


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