If You Invested $10,000 In Simon Property Stock 10 Years Ago, How Much Would You Have Now?

Benzinga
23 Nov 2024

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Simon Property Group (NYSE:SPG) owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, primarily malls, Premium Outlets, The Mills and International Properties.

It is set to report its Q4 2024 earnings on Feb. 3, 2025. Wall Street analysts expect the company to post an EPS of $3.38, down from $3.69 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.38 billion, down from $1.53 billion in the previous year.

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If You Bought Simon Property Stock 10 Years Ago

The company's stock traded at approximately $178.87 per share 10 years ago. If you had invested $10,000, you could have bought roughly 56 shares. Currently, shares trade at $180.91, meaning your investment's value could have grown to $10,114 from stock price appreciation alone. However, Simon Property also paid dividends during these 10 years. 

Simon Property's dividend yield is currently 4.64%. Over the last 10 years, it has paid about $69.60 in dividends per share, which means you could have made $3,891 from dividends alone. 

Summing up $10,114 and $3,891, we end up with the final value of your investment, which is $14,005. This is how much you could have made if you had invested $10,000 in Simon Property stock 10 years ago. This means a total return of 40.05%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 225.72%.

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What Could The Next 10 Years Bring? 

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 more than 19% potential downside from the current stock price.

On Nov. 1, the company announced its Q3 2024 earnings, posting an FFO of $2.84, missing the consensus estimate of $3.03. Revenues of $1.481 billion came in above the consensus of $1.325 billion, as reported by Benzinga.

“We are pleased with our quarterly results highlighted by strong financial and operational performance, the very 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 raise our dividend for the fourth consecutive quarter, to $2.10 per share, a year-over-year increase of 10.5%.” 

The company currently estimates net income for the full year to be between $7.18 and $7.28 per diluted share and FFO to be between $12.80 and $12.90 per diluted share. 

Check out this article by Benzinga, which looks into Simon Property's recent short interest.

Given the expected downside potential of 19%, growth-focused investors may not find Simon Property stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 4.64%.

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This article If You Invested $10,000 In Simon Property Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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