The Online Investor
Stock Buybacks
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
SPG Buyback image

Simon Buyback

OLI recorded this information on 2/9/2024

Company: Simon
Buyback: SPG buyback
$Amount Authorized: $2,000,000,000
Buyback Details: Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that the Company's Board of Directors authorized a new common stock repurchase program. Under the new program, the Company may purchase up to $2.0 billion of its common stock over the next 24 months, as market conditions warrant. The shares may be repurchased in the open market or in privately negotiated transactions, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company's sole discretion. The stock repurchase program does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and the program may be suspended or discontinued at any time. This new $2.0 billion program replaces the previous program that had been scheduled to expire on May 16, 2024 of which approximately $1.7 billion was available.

Simon Property Group operates as a self-administered and self-managed real estate investment trust. Simon Property Group, L.P. is Co.'s majority-owned Delaware partnership subsidiary that owns all of its real estate properties and other assets. Co. owns, develops and manages shopping, dining, entertainment and mixed-use destinations. Co. owns or holds an interest in various income-producing properties in the U.S., which consisted of malls, Premium Outlets, Mills, lifestyle centers, and other retail properties in various states and Puerto Rico. Internationally, Co. has ownership interests in Premium Outlets and Designer Outlet properties primarily located in Asia, Europe and Canada.

Simon Property Group SEC Filing Email Alerts Service

Preferred: SPG.PRJ


Open the SPG Page at The Online Investor »

Company Name:  Simon Property Group, Inc.
Stock buyback:  SPG buyback
Website:  www.simon.com
Sector:  REITs
Number of ETFs Holding SPG:  119
Total Market Value Held by ETFs:  $9.32B
Total Market Capitalization:  $49.10B
% of Market Cap. Held by ETFs:  18.97%
 

Open the SPG Page at The Online Investor (in a new window) »

March 29, 2024    12:34 AM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree SPG Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (2.80 out of 4)
17th percentile
(ranked lower than approx. 83% of all stocks covered)

Analysts' Target Price:
SPG Stock Forecast

Based on Zacks ABR data;
powered by Xignite

SPG Buyback | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.