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Simon Property Group price target lowered to $179 by Stifel on one-time items

Published 05/08/2025, 18:08
Simon Property Group price target lowered to $179 by Stifel on one-time items
SPG
-0.13%

Investing.com - Stifel has lowered its price target on Simon Property Group (NYSE:SPG) stock to $179.00 from $180.00 while maintaining a Buy rating. The prominent retail REIT player, currently offering a 5.12% dividend yield and maintaining dividend payments for 32 consecutive years, shows GOOD overall financial health according to InvestingPro analysis.

The adjustment follows Simon Property Group’s second-quarter financial results, which showed Real Estate Funds From Operations (FFO) per share of $3.05, meeting consensus estimates but exceeding Stifel’s projection by $0.01.

The company reported FFO per share of $3.15 for the quarter, compared to the Street’s expectation of $3.05, representing a $0.10 per share outperformance.

Stifel analyst Simon Yarmak noted that the quarter "positively benefited by $0.10 of one-time items that were unanticipated and non-recurring," explaining the difference between the reported FFO and Real Estate FFO figures.

Despite the slight reduction in price target, Stifel maintained its Buy rating on the real estate investment trust, which specializes in shopping malls and outlet centers.

In other recent news, Simon Property Group reported its financial results for the second quarter of 2025, surpassing market expectations. The company posted an earnings per share of $1.70, which exceeded the forecasted $1.55, resulting in a 9.68% surprise. Additionally, Simon Property Group reported revenue of $1.5 billion, outperforming the anticipated $1.38 billion and achieving an 8.7% revenue surprise. These results reflect positively on the company’s recent performance. No significant mergers or acquisitions were reported in the latest developments. Furthermore, there were no updates on analyst upgrades or downgrades for Simon Property Group. Investors may find these recent financial results noteworthy as they consider the company’s current position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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