Simon Property Group, Inc. (NYSE: SPG) is a leading real estate investment trust (REIT) that owns, operates, and develops premium shopping, dining, entertainment, and mixed-use destinations across the United States and beyond. As one of the largest publicly traded retail REITs, Simon Property Group’s performance is closely tied to the health of the retail industry and consumer spending trends.
Key Takeaways:
- Simon Property Group, Inc. is a prominent REIT focused on premium retail properties.
- The stock price forecast considers various factors, including industry trends, market conditions, and the company’s strategic initiatives.
- Long-term growth is expected, driven by the recovery of the retail sector and the company’s diversification efforts.
- Forecasts are provided for each year from 2024 to 2050, including low, high, and average price estimates.
Overview of Simon Property Group
Simon Property Group, Inc. traces its roots back to the Melvin Simon & Associates company, founded in 1960 by Melvin Simon and his brother Herbert. Initially focused on developing and managing shopping malls in the Indianapolis area, the company grew rapidly through strategic acquisitions and developments across the United States.
In 1993, the company underwent a significant transformation when it became a publicly traded real estate investment trust (REIT) on the New York Stock Exchange under the ticker symbol SPG. This move allowed the company to expand its reach and solidify its position as a leading player in the retail real estate market.
Simon Property Group Company Profile
| Country | United States |
| Ticker Symbol | SPG |
| Exchange | NYSE |
| Founded | 1960 |
| IPO Date | 1993 |
| Industry | Real Estate Investment Trust (REIT) |
| Sector | Financials |
| Employees | 2,750 |
| CEO | David Simon |
| Market Cap (June 12, 2024) | $49.92 billion |
| Website | simon |
Simon Property Group (SPG) Balance Sheet Analysis
Simon Property Group, Inc. (NYSE: SPG) reported a strong financial position in its 2023 balance sheet. As of December 31, 2023, the company’s total assets stood at $34.28 billion, while total liabilities, net of minority interest, were $30.60 billion.
The company’s total equity, including minority interest, was $3.69 billion, with common stock equity at $2.98 billion. Simon Property Group’s total capitalization amounted to $28.99 billion, and its net tangible assets were $2.99 billion.
The company’s debt levels increased, with total debt reaching $26.52 billion and net debt at $24.80 billion. However, its share count remained relatively stable, with 342.9 million shares issued and 325.9 million ordinary shares outstanding.
Overall, Simon Property Group’s balance sheet reflects a steady financial position, with moderate growth in assets and liabilities, while maintaining a stable equity base and manageable debt levels, positioning the company for continued growth.
Balance Sheet Data Source: finance.yahoo
Simon Property Group Stock Price History
Simon Property Group, Inc. (NYSE: SPG) had its IPO in the year 1993. Simon Property Group (SPG) underwent three stock splits in 2009 and 2014, reflecting its strong performance. In August 2009, it split 100722:100000, followed by a 10063:10000 split in November 2009. The most recent split, a 1063:1000 ratio, occurred on May 29, 2014. Investors holding one pre-split share before August 2009 now own 1.077420111618 shares, showcasing SPG’s growth trajectory.1
As of June 12, 2024, the stock stands at $153.16.
SPG Stock Price Forecast 2024
For 2024, we anticipate Simon Property Group’s stock price to continue its upward trajectory, supported by the ongoing recovery of the retail sector and the company’s strong operational performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $130 | $180 | $210 |
With consumer confidence and spending expected to remain robust, Simon Property Group is well-positioned to capitalize on the pent-up demand for in-person shopping and experiential retail experiences. The company’s focus on premium properties and strategic initiatives to enhance the overall shopping experience should drive traffic and tenant sales, positively impacting its financial performance.
Year-over-year growth in 2024: 17.5%
SPG Stock Price Forecast 2025
In 2025, we anticipate Simon Property Group’s stock to maintain its upward momentum as the company continues to benefit from the sustained recovery of the retail sector and its strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $190 | $220 | $260 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships should drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers is expected to provide new revenue streams and growth opportunities.
Year-over-year growth in 2025: 22.2%
SPG Stock Price Forecast 2026
For 2026, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $230 | $270 | $320 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2026: 22.7%
SPG Stock Price Forecast 2027
In 2027, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $280 | $330 | $390 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2027: 22.2%
SPG Stock Price Forecast 2028
For 2028, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $340 | $400 | $470 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2028: 21.2%
SPG Stock Price Forecast 2029
In 2029, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $410 | $480 | $560 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2029: 20.0%
SPG Stock Price Forecast 2030
For 2030, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $490 | $570 | $660 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2030: 18.8%
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SPG Stock Price Forecast 2031
In 2031, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $580 | $670 | $780 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2031: 17.5%
SPG Stock Price Forecast 2032
For 2032, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $680 | $780 | $910 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2032: 16.4%
SPG Stock Price Forecast 2033
In 2033, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $790 | $900 | $1,050 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2033: 15.4%
SPG Stock Price Forecast 2034
For 2034, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $910 | $1,040 | $1,210 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2034: 15.6%
SPG Stock Price Forecast 2035
In 2035, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $1,050 | $1,200 | $1,400 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2035: 15.4%
SPG Stock Price Forecast 2036
For 2036, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $1,210 | $1,380 | $1,610 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2036: 15.0%
SPG Stock Price Forecast 2037
In 2037, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,390 | $1,580 | $1,850 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2037: 14.5%
SPG Stock Price Forecast 2038
For 2038, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,590 | $1,810 | $2,120 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2038: 14.6%
SPG Stock Price Forecast 2039
In 2039, we anticipate Simon Property Group’s stock to maintain its upward momentum, supported by the company’s strong operational performance and strategic initiatives.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,820 | $2,070 | $2,430 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to continue driving increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2039: 14.4%
SPG Stock Price Forecast 2040
For 2040, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained recovery of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $2,080 | $2,370 | $2,780 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Year-over-year growth in 2040: 14.5%
SPG Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Simon Property Group’s stock to continue its upward trajectory, driven by the company’s strong fundamentals and the sustained growth of the retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $3,600 | $4,100 | $4,800 |
The company’s focus on premium properties, exceptional customer experiences, and strategic partnerships is expected to drive increased foot traffic and tenant sales. Additionally, the diversification of its portfolio into mixed-use developments and lifestyle centers should provide new revenue streams and growth opportunities.
Between 2040 and 2050, we forecast a compound annual growth rate (CAGR) of approximately 5.7% for Simon Property Group’s stock price.
Conclusion
Our comprehensive analysis of Simon Property Group’s stock price forecast from 2024 to 2050 paints a picture of sustained growth and resilience for this premier retail REIT. The company’s strategic focus on premium properties, exceptional customer experiences, and portfolio diversification positions it well to capitalize on the recovery and evolution of the retail sector.
While market conditions and consumer preferences may shift, Simon Property Group’s adaptability and commitment to innovation should enable it to navigate challenges and seize emerging opportunities. As the leader in its industry, the company is poised to deliver long-term value to its shareholders, driven by its strong fundamentals and forward-thinking approach.
FAQs
1. What is the future of SPG share price?
Based on our comprehensive analysis, the future of Simon Property Group’s (SPG) share price looks promising, with a projected upward trajectory over the next several decades. Our forecasts indicate sustained growth in the stock price, driven by factors such as the company’s focus on premium properties, exceptional customer experiences, strategic partnerships, and portfolio diversification into mixed-use developments and lifestyle centers.
2. What is the SPG share prediction for 2030?
According to our forecast, in 2030, Simon Property Group’s stock price is expected to range between:
- Low Price: $490
- Average Price: $570
- High Price: $660
This represents a year-over-year growth of approximately 18.8% compared to 2029.
3. What is the SPG 10-year outlook?
Over the next 10 years, from 2024 to 2034, we anticipate Simon Property Group’s stock price to experience significant growth. Our forecasts for this period are as follows:
- In 2024, the average price is projected to be $180.
- By 2034, the average price is forecasted to reach $1,040, representing a substantial increase over the 10-year period.
4. Is SPG a buy, hold, or sell?
Based on our analysis and the positive long-term outlook for Simon Property Group, the stock can be considered a “buy” for investors seeking exposure to the retail REIT sector and potential long-term growth opportunities. The company’s strong fundamentals, strategic initiatives, and ability to adapt to changing market conditions and consumer preferences make it an attractive investment opportunity.
5. Who are the major competitors of SPG?
Simon Property Group operates in the retail real estate investment trust (REIT) sector and competes with other major players in this space. Some of the company’s primary competitors include:
- Brookfield Properties (BPY)
- Tanger Factory Outlet Centers (SKT)
- Macerich (MAC)
- Federal Realty Investment Trust (FRT)
- Regency Centers Corporation (REG)
- Kimco Realty Corporation (KIM)
- Brixmor Property Group (BRX)
While Simon Property Group is a leader in the premium shopping mall and retail destination segment, these competitors also have significant presence and offer various types of retail properties and services.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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