LEIBOWITZ REUBEN S purchased $97K of SPG

Kimco Realty (KIM) raised its quarterly dividend 12% to $0.28 per share, while Simon Property Group (SPG) increased its dividend 4.7% to $2.25 per share. Kimco yields 5.1% and Simon yields 4.5%. Simon's AFFO payout ratio is 76% and Kimco's is 80%. Kimco has higher debt at 6.1x net debt to EBITDA compared to Simon's 5.5x.

Morningstar raised its fair value estimate for Simon Property Group (SPG) to $229, deeming its shares fairly valued. SPG is the largest U.S. retail REIT, with a portfolio of 254 properties. Analyst Kevin Brown covers REITs and real estate services for Morningstar.

Simon Property Group (SPG) reported Q2 FFO of $3.29/share, raised full-year FFO guidance to $13.20-$13.30/share, and declared a $2.25/share dividend. Tenant sales rose to $838/sq.ft, and rent increased to $62.42/sq.ft. However, net income fell to $1.49/share, and hedge fund ownership declined. SPG trades at a 30.77 forward P/E.

Simon Property Group (SPG) has seen its stock rise 106.9% over three years, but recent declines raise questions about its valuation. The company issued $800M in new debt and may return a struggling mall, which could impact its cash flow and leverage. Analysts debate whether its current share price of $204.10 aligns with its discounted cash flow (DCF) valuation, which suggests intrinsic value is higher. The company generated $4.0B in free cash flow over the past year, and projections assume growt

Simon Property Group (SPG) cut its dividend in 2020 but outperformed Realty Income (O) with 58% vs. 16% five-year returns. SPG's Q1 2026 revenue rose 19% to $1.76B, with raised full-year FFO guidance. O's yield is 5.5% vs. SPG's 4.3%, but SPG's total return makes it a better Roth IRA choice. Both stocks are down month-to-date.

Evercore ISI lowered its price target on Simon Property Group to $219 from $226, maintaining an 'In Line' rating. The company's stock is currently trading at $205.18, with a 5-day change of +0.17% and a year-to-date change of +11.00%.