Simon Property Group(SPG)
(SPG)
Q4-rapport
80 dagar sedan‧1t 1min
1,95 USD/aktie
Senaste utdelning
5,42 %
Direktavk.
Orderdjup
Stängd
Antal
Köp
35
Sälj
Antal
100
Senaste avslut
| Tid | Pris | Antal | Köpare | Säljare |
|---|---|---|---|---|
| - | - | - | - |
Volymvägt snittpris (VWAP)
142,36VWAP
142,36Omsättning (USD)
34 850 958Mäklarstatistik
Ingen data hittades
Företagshändelser
| Nästa händelse | |
|---|---|
| 2024 Q1-rapport | 6 maj |
| Tidigare händelser | ||
|---|---|---|
| 2023 Årsrapport | 22 feb. | |
| 2023 Q4-rapport | 5 feb. | |
| 2023 Q3-rapport | 30 okt. 2023 | |
| 2023 Q2-rapport | 2 aug. 2023 | |
| 2023 Årsstämma | 4 maj 2023 |
Data hämtas från Morningstar, Quartr
Nyheter & Analyser
Nyheter och/eller generella investeringsrekommendationer alternativt utdrag därav på denna sida och relaterade länkar är framtagna och tillhandahålls av den leverantör som anges. Nordnet har inte medverkat till framtagandet, granskar inte och har inte gjort några ändringar i materialet. Läs mer om investeringsrekommendationer.
Q4-rapport
80 dagar sedan‧1t 1min
Nyheter & Analyser
Nyheter och/eller generella investeringsrekommendationer alternativt utdrag därav på denna sida och relaterade länkar är framtagna och tillhandahålls av den leverantör som anges. Nordnet har inte medverkat till framtagandet, granskar inte och har inte gjort några ändringar i materialet. Läs mer om investeringsrekommendationer.
Företagshändelser
| Nästa händelse | |
|---|---|
| 2024 Q1-rapport | 6 maj |
| Tidigare händelser | ||
|---|---|---|
| 2023 Årsrapport | 22 feb. | |
| 2023 Q4-rapport | 5 feb. | |
| 2023 Q3-rapport | 30 okt. 2023 | |
| 2023 Q2-rapport | 2 aug. 2023 | |
| 2023 Årsstämma | 4 maj 2023 |
Data hämtas från Morningstar, Quartr
Shareville
Delta i diskussionerna på SharevilleFå inspiration från tusentals portföljer och diskutera med andra duktiga investerare.
Logga in
Stockup episode 28. Mudsen her på Shareville, deler sine erfaringer. Her snakker vi kunnskap på høyt nivå. Sammen med HanFar og Dajreck, og alle de tidligere gjestene, er Mudsen med å bidra til at Stockup er den mest givende aksjepodcasten. Mudsen er en mann verdt å følge. Bare hør..... https://open.spotify.com/episode/7cnC7hEjFMrvzC2ZDqZVEi?si=OODvq-7FQgaRVQlErsT0egSitat: "Episoden er publisert og vil være tilgjengelig på Spotify, Google og Apple Podcasts".
Another good quarter from "simon kiinteistöryhmä", every metric better than last quarter and esp. year ago. Another 5 cents added to dividend. https://seekingalpha.com/news/3898409-simon-property-ffo-of-2_93-beats-0_01-revenue-of-782_44m-misses-487_56m
Dividend raising slowly to previous levels
Amazing ER here yesterday. General market insecurity is weighing down on the stock, but it doesn’t matter because fundamentals are improving and the growth story is intact. Management are completely confident in the business going forward, and that gives some reassurance in this crazy market. Management are so confident, that they approved a stock buyback. They are buying back 5% of all their shares over the next 2 years, simply because they think it is so undervalued. It is trading at 10x FFO versus its historical 15xFFO multiple average, meaning a 50% discount on share price. They want to spend the money on buybacks, because their own share price is where they see the biggest return on investment due to the discount. Apart from that, they raised the dividend by another 6% despite the market uncertainties. They even raised their guidance for the year despite inflation and rising rates. Occupancy cost is the lowest it has been for the last 7 years, and tenant demand is very strong. They already approved 500 new lease deals for the coming years. The American consumer is also very strong, and only the low end consumer has been slightly impacted by inflation so far. They have been impacted negatively on their foreign business due to a strong US dollar, but not enough to not raise the guidance. They are diversifying their portfolio, and have started to add a lot of class A real estate in foreign countries, best examplified by their Japan and France outlet/mall project that they are currently working on. Can this go lower? OF COURSE! If we have a deep recession, it will go lower. But this is still an amazing entry for the long term investor. In my view, you will get more than 100% returns in the next 5 years by buying at todays price. 30% from the dividend, 5% from buybacks and at least 65% on share price gains solely based on the undervaluation. One of the best longterm risk/rewards plays in the REIT-sector at the moment. A lot of the rising rates and recession fear is already priced in to stock, since it has dropped 30% from its recent high of 170. Average guidance for the year is 11.65 FFO and multiply that by their historical trading multiple, this should be trading at a fair value of 174, which is where it was 6 months ago before this market crash started. In the mean time, the fundamentals of the business has only improved, and you will be paid 5-6% dividend while waiting for markets to recover.
They also rising dividend for June👌🏻- What do you guys think about the stock price going forward here? I am heavily loaded here and has been like that since 2020 - average 65. I went all in here with 95% of my portfolio in 2020, and that number has decreased to 65-70% now. Not because I sold any shares (I held all the way to 170, and still holding), but because all my new purchases have been in new stocks since then. Obviously I am sad to see it go from 170 to 125 now due to rising rates and inflation. This could mean that the market will value it at a lower multiple while this tightening monetary cycle is happening - that is my assessment and that is also what has happened here. The average historical multiple is around 14x FFO and now it is trading at 11x FFO. Some investors would prefer to get 3% dividend risk free on the treasury bonds, instead of getting a 5% dividend from a riskier asset allocation, but of course the dividend is not all because by buying shares instead of bonds you can also get share appreciation. I dont think the business itself will be hurt by rising rates/inflation, unless we see a recession. The longer inflation remains high, the more likely it is that consumers will decrease spending on luxury goods, which will hurt the retailers and thereby hurt SPG. For now data shows that the US consumer is strong and savings are big, so they are able to handle inflation in 2022. Earnings coming up in 2 weeks, which will be very exciting. What will management have to say about the rising rates? Have they secured long term debt and have they been actively refinancing? Last conference call the CEO emphasized that 2022 will be all about growth, which is the reason why we are seeing that dividend payout is only around 55% of FFO. They have a lot of room to raise it, but I am sure they are saving cash to do acquisitions this year. It will be interesting to hear if they have anything planned already. Maybe we will get some hints. I think it will be difficult for them to grow organically this year. They can raise the rents with inflation, but how much rent increase can their retailers manage? It is more likely that growth will come through acquisitions. I trust management completely, and David Simon has a real eye for bargain purchases. He will surely be looking to make some good deals, like they did during Covid, where they bought struggling retailers for pennies. The reason why I feel comfortable staying in with such a big position despite of all the market headwinds, is because I know that CEO is known for downplaying. He does not like to overpromise. It is better to under promise, and over deliver, so I am sure we will have a great 2022 with expansion in the business.Velkommen til - det fortryder du ikke. De er bundsolide og med en verdensklasse ledelse. Nyd udbyttet og forhold dig roligt, så vender det hele lige pludseligt 😊
Nice! https://seekingalpha.com/news/3761841-simon-property-ffo-beats-0_60-beats-on-revenueDont worry - its a buy and hold for the next 5 years. This will go above 200 in a few years, or sooner if overall market sentiment allows it. Enjoy the dividend while waiting. I could write a lot about this company, but to keep it short - this is a different company than it was pre pandemic. It has come out much stronger. Also, it will do very well in a inflation/stagflation environment.
Kommentarerna ovan kommer från användare på Nordnets sociala nätverk Shareville och har varken redigerats eller på förhand granskats av Nordnet. Det innebär inte att Nordnet tillhandahåller investeringsrådgivning eller investeringsrekommendationer. Nordnet påtar sig inget ansvar för kommentarerna eller eventuella felaktigheter i automatiska översättningar.
Q4-rapport
80 dagar sedan‧1t 1min
1,95 USD/aktie
Senaste utdelning
5,42 %
Direktavk.
Nyheter & Analyser
Nyheter och/eller generella investeringsrekommendationer alternativt utdrag därav på denna sida och relaterade länkar är framtagna och tillhandahålls av den leverantör som anges. Nordnet har inte medverkat till framtagandet, granskar inte och har inte gjort några ändringar i materialet. Läs mer om investeringsrekommendationer.
1,95 USD/aktie
Senaste utdelning
5,42 %
Direktavk.
Shareville
Delta i diskussionerna på SharevilleFå inspiration från tusentals portföljer och diskutera med andra duktiga investerare.
Logga in
- Stockup episode 28. Mudsen her på Shareville, deler sine erfaringer. Her snakker vi kunnskap på høyt nivå. Sammen med HanFar og Dajreck, og alle de tidligere gjestene, er Mudsen med å bidra til at Stockup er den mest givende aksjepodcasten. Mudsen er en mann verdt å følge. Bare hør..... https://open.spotify.com/episode/7cnC7hEjFMrvzC2ZDqZVEi?si=OODvq-7FQgaRVQlErsT0egSitat: "Episoden er publisert og vil være tilgjengelig på Spotify, Google og Apple Podcasts".
- Another good quarter from "simon kiinteistöryhmä", every metric better than last quarter and esp. year ago. Another 5 cents added to dividend. https://seekingalpha.com/news/3898409-simon-property-ffo-of-2_93-beats-0_01-revenue-of-782_44m-misses-487_56mDividend raising slowly to previous levels
- Amazing ER here yesterday. General market insecurity is weighing down on the stock, but it doesn’t matter because fundamentals are improving and the growth story is intact. Management are completely confident in the business going forward, and that gives some reassurance in this crazy market. Management are so confident, that they approved a stock buyback. They are buying back 5% of all their shares over the next 2 years, simply because they think it is so undervalued. It is trading at 10x FFO versus its historical 15xFFO multiple average, meaning a 50% discount on share price. They want to spend the money on buybacks, because their own share price is where they see the biggest return on investment due to the discount. Apart from that, they raised the dividend by another 6% despite the market uncertainties. They even raised their guidance for the year despite inflation and rising rates. Occupancy cost is the lowest it has been for the last 7 years, and tenant demand is very strong. They already approved 500 new lease deals for the coming years. The American consumer is also very strong, and only the low end consumer has been slightly impacted by inflation so far. They have been impacted negatively on their foreign business due to a strong US dollar, but not enough to not raise the guidance. They are diversifying their portfolio, and have started to add a lot of class A real estate in foreign countries, best examplified by their Japan and France outlet/mall project that they are currently working on. Can this go lower? OF COURSE! If we have a deep recession, it will go lower. But this is still an amazing entry for the long term investor. In my view, you will get more than 100% returns in the next 5 years by buying at todays price. 30% from the dividend, 5% from buybacks and at least 65% on share price gains solely based on the undervaluation. One of the best longterm risk/rewards plays in the REIT-sector at the moment. A lot of the rising rates and recession fear is already priced in to stock, since it has dropped 30% from its recent high of 170. Average guidance for the year is 11.65 FFO and multiply that by their historical trading multiple, this should be trading at a fair value of 174, which is where it was 6 months ago before this market crash started. In the mean time, the fundamentals of the business has only improved, and you will be paid 5-6% dividend while waiting for markets to recover.They also rising dividend for June👌🏻
- What do you guys think about the stock price going forward here? I am heavily loaded here and has been like that since 2020 - average 65. I went all in here with 95% of my portfolio in 2020, and that number has decreased to 65-70% now. Not because I sold any shares (I held all the way to 170, and still holding), but because all my new purchases have been in new stocks since then. Obviously I am sad to see it go from 170 to 125 now due to rising rates and inflation. This could mean that the market will value it at a lower multiple while this tightening monetary cycle is happening - that is my assessment and that is also what has happened here. The average historical multiple is around 14x FFO and now it is trading at 11x FFO. Some investors would prefer to get 3% dividend risk free on the treasury bonds, instead of getting a 5% dividend from a riskier asset allocation, but of course the dividend is not all because by buying shares instead of bonds you can also get share appreciation. I dont think the business itself will be hurt by rising rates/inflation, unless we see a recession. The longer inflation remains high, the more likely it is that consumers will decrease spending on luxury goods, which will hurt the retailers and thereby hurt SPG. For now data shows that the US consumer is strong and savings are big, so they are able to handle inflation in 2022. Earnings coming up in 2 weeks, which will be very exciting. What will management have to say about the rising rates? Have they secured long term debt and have they been actively refinancing? Last conference call the CEO emphasized that 2022 will be all about growth, which is the reason why we are seeing that dividend payout is only around 55% of FFO. They have a lot of room to raise it, but I am sure they are saving cash to do acquisitions this year. It will be interesting to hear if they have anything planned already. Maybe we will get some hints. I think it will be difficult for them to grow organically this year. They can raise the rents with inflation, but how much rent increase can their retailers manage? It is more likely that growth will come through acquisitions. I trust management completely, and David Simon has a real eye for bargain purchases. He will surely be looking to make some good deals, like they did during Covid, where they bought struggling retailers for pennies. The reason why I feel comfortable staying in with such a big position despite of all the market headwinds, is because I know that CEO is known for downplaying. He does not like to overpromise. It is better to under promise, and over deliver, so I am sure we will have a great 2022 with expansion in the business.Velkommen til - det fortryder du ikke. De er bundsolide og med en verdensklasse ledelse. Nyd udbyttet og forhold dig roligt, så vender det hele lige pludseligt 😊
- Nice! https://seekingalpha.com/news/3761841-simon-property-ffo-beats-0_60-beats-on-revenueDont worry - its a buy and hold for the next 5 years. This will go above 200 in a few years, or sooner if overall market sentiment allows it. Enjoy the dividend while waiting. I could write a lot about this company, but to keep it short - this is a different company than it was pre pandemic. It has come out much stronger. Also, it will do very well in a inflation/stagflation environment.
Kommentarerna ovan kommer från användare på Nordnets sociala nätverk Shareville och har varken redigerats eller på förhand granskats av Nordnet. Det innebär inte att Nordnet tillhandahåller investeringsrådgivning eller investeringsrekommendationer. Nordnet påtar sig inget ansvar för kommentarerna eller eventuella felaktigheter i automatiska översättningar.
Orderdjup
Stängd
Antal
Köp
35
Sälj
Antal
100
Senaste avslut
| Tid | Pris | Antal | Köpare | Säljare |
|---|---|---|---|---|
| - | - | - | - |
Volymvägt snittpris (VWAP)
142,36VWAP
142,36Omsättning (USD)
34 850 958Mäklarstatistik
Ingen data hittades
Företagshändelser
| Nästa händelse | |
|---|---|
| 2024 Q1-rapport | 6 maj |
| Tidigare händelser | ||
|---|---|---|
| 2023 Årsrapport | 22 feb. | |
| 2023 Q4-rapport | 5 feb. | |
| 2023 Q3-rapport | 30 okt. 2023 | |
| 2023 Q2-rapport | 2 aug. 2023 | |
| 2023 Årsstämma | 4 maj 2023 |
Data hämtas från Morningstar, Quartr