whytestocks
4 years ago
News; $SPG Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash
Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash PR Newswire INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ...
Got this from SPG - Simon And Taubman Modify Merger Price To $43.00 Per Share In Cash
whytestocks
4 years ago
JUST IN: $SPG Simon Property Group Reports Third Quarter 2020 Results
Simon Property Group Reports Third Quarter 2020 Results PR Newswire INDIANAPOLIS, Nov. 9, 2020 INDIANAPOLIS , Nov. 9, 2020 /PRNewswire/ -- Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use ...
Got this from SPG - Simon Property Group Reports Third Quarter 2020 Results
whytestocks
4 years ago
BREAKING NEWS: $SPG Here's Why Simon Property Group, Tanger Outlets, and Other Retail REITs Are Soaring on Monday
The stock market was having a day for the history books on Monday. After Pfizer (NYSE: PFE) released late-stage data for its COVID-19 vaccine candidate that showed better-than-expected effectiveness, the Dow Jones Industrial Average opened at an all-time high. And as of 9:55 a.m. ES...
Find out more SPG - Here's Why Simon Property Group, Tanger Outlets, and Other Retail REITs Are Soaring on Monday
kenny54
4 years ago
Simon has reopened 199 of its 204 U.S. retail properties in 37 states which represent more than 95% of the Company's property net operating income ("NOI"). These properties are located where governmental orders have enabled reopening and the remaining five properties are expected to reopen within the next week.
More than 18,000 stores across the Company's U.S. portfolio have reopened. Since reopening, many tenants have reported higher-than-expected conversion rates and sales.
In addition, 30 of Simon's Designer and international Premium Outlets properties are open, including all of the Company's international Premium Outlets in Asia and Designer Outlets in Continental Europe, with nearly 100% of retail stores open. The last remaining international Premium Outlet is expected to open next week. The Company recently announced the grand opening of Siam Premium Outlets Bangkok, marking Thailand's first Premium Outlet center.
The Company maintains a strong liquidity position of approximately $8.5 billion, consisting of approximately $3.5 billion of cash on hand, including its share of joint venture cash, and $5.0 billion of available capacity under its revolving credit facilities and term loan, net of outstanding U.S. and Euro commercial paper as of May 31, 2020.
Today, Simon's Board of Directors declared a $1.30 per common share dividend, payable in cash, for the second quarter 2020. The dividend will be payable on July 24, 2020 to shareholders of record at the close of business on July 10, 2020. The Company expects to pay at least $6.00 per share in common stock dividends for 2020, in cash, subject to Board of Directors approval.