Energy Transfer Partners’ (ETP) EV-to-adjusted EBITDA ratio, using a trailing 12-month adjusted EBITDA, is 10.1x. It’s below the peer average of 11.7x.
Energy Transfer Partners (ETP) ended 1Q17 with a total outstanding debt of $32.0 billion—2.7% lower than outstanding debt at the end of 2016.
Energy Transfer Partners (ETP) is bullish on Permian expansion due to the new processing plant and open season for the Permian Express 3 pipeline.
Energy Transfer Partners announced the start of two major natural gas pipeline projects to Mexico—the Trans-Pecos Pipeline and Comanche Trail Pipeline.
Energy Transfer Partners’ (ETP) pro forma DCF (distributable cash flow) for 1Q17 was $934.0 million—compared to $956.0 million during 1Q16.
Energy Transfer Partners’ (ETP) pro forma net income was $364 million in 1Q17 compared to $376 million in 1Q16—a YoY (year-over-year) decline of 3.2%.
Recently, Energy Transfer Partners (ETP) merged with Sunoco Logistics Partners. Energy Transfer Partners has lost 2.1% since the beginning of May.
The Alerian MLP ETF (AMLP) is down nearly 4% so far in 2017. In comparison, the SPDR S&P 500 ETF (SPY) (SPX-INDEX) is up nearly 6% during the same timeframe.
The Alerian MLP Index (AMZ) closed 1.9% lower on May 17, 2017.
After gaining some strength on Thursday, the US Dollar Index resumed its downfall on May 19. The US Dollar Index is weaker in the early hours.
Simon Property Group’s current price-to-FFO multiple is ~14.1x.
Analysts gave SPG a mean price target of $202.45, implying an ~25.1% rise from its current level of $161.78.
Simon Property Group (SPG) maintained an effective overall borrowing rate on its debt for fiscal 2016 of ~3.4%, down 49 basis points compared to ~3.9% in 2015.
During 2016, Simon Property Group repurchased 1,409,197 shares at an average price of $181.14 per share.
Because President Trump is not expected to raise the minimum wage, the profit margins of mall owners or smaller retail shops are expected to be on the higher side, increasing their ability to pay higher rents.
According to a survey conducted by the University of Michigan in April 2017, the Consumer Sentiment Index stood at 97.0 compared to 96.9 in March.
The hawkish interest rate environment has added to the woes of mall owners like Simon Property (SPG), as well as the REIT industry.
According to recent research conducted by Green Street Estimates, department stores need to shut down hundreds of stores in 2017.
On March 31, 2017, Simon Property Group’s business in the US stood at a hefty figure of 206 properties, including malls, premium outlets, and lifestyle centers.
On April 27, Simon Property Group (SPG) reported 1Q17 earnings per share of $1.53, a 2% beat of the consensus estimate of $1.50.