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