This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Simon Property Group Celebrates Twenty Years As A Public Company

INDIANAPOLIS, Dec. 12, 2013 /PRNewswire/ --  Simon Property Group (NYSE: SPG), a global leader in retail real estate, will be celebrating the twentieth anniversary of its initial public offering on Friday, December 13.

This milestone commemorates a track record of sector-leading performance within the real estate industry, including growth in key metrics since December 1993:
  • Growth in Funds From Operations (FFO), the industry's measure of profitability, from $150 million to more than $3 billion in 2013
  • Increase in total consolidated revenue from $434 million to more than $5 billion in 2013
  • Equity market capitalization was $1.8 billion and has grown to approximately $54 billion as of December 12, 2013 market close
  • Total shareholder return over these two decades was 1,855%, a compound annual growth rate of 16%, which significantly exceeds the real estate index (MSCI U.S. REIT) and broad market index (S&P 500).

Since the IPO of Simon Property Group in December 1993, the company has delivered on a strategy that has resulted in becoming the largest publicly traded company in the global real estate industry by market capitalization.

"I couldn't be more proud about what we've been able to accomplish in the twenty years since we became a public company," said David Simon, Simon Property Group Chairman and CEO. "We are fortunate to have an incredibly talented and committed team, who helped us grow from a collection of local retail assets established by our founders in 1960 to a global portfolio in retail real estate with quality properties in top markets including some of the most iconic and productive shopping destinations in the world."

To mark the anniversary, Simon Property Group is holding company events and employee recognition activities across multiple company locations. David Simon and Herbert Simon together announced a significant gift to the Simon Youth Foundation, an independent not-for-profit organization that provides scholarships and alternative education for at-risk students at locations based in Simon malls, to help them graduate and succeed.

About Simon Property Group Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and a global leader in the retail real estate industry.  The Company currently owns or has an interest in more than 325 retail real estate properties in North America and Asia comprising approximately 242 million square feet. We are headquartered in Indianapolis, Indiana and employ approximately 5,500 people in the U.S.  For more information, visit

SOURCE Simon Property Group, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $101.39 1.90%
GOOG $678.11 0.00%
TSLA $151.85 2.40%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs