Company: Simon Property Group Inc. (SPG)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon’s portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klpierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries. -Morningstar.com-
Symbol: SPG
Recent Price: $154.21
Dividends: $8.00
Yield: 5.19%
Sector: Real Estate
Industry: REIT-Retail
Address & Company Phone #: 225 West Washington St. Indianapolis IN 46204, 317-636-1600
Transfer Agent: Computershare 800-454-9768
Moody’s Rating: NR
Minimum & Maximum Investment: $75 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: $0! Cash: $5+6¢/sh. Cert: $0 Sells: by Mail, Phone or Internet for $15+12¢/sh.
52 Week High & Low: $153.11, $100.17