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Simon Property Is Poised for a Strong 4Q15 Release

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Jan. 20 2016, Updated 2:57 p.m. ET

Upcoming earnings announcement

Simon Property Group (SPG) is set to release its 4Q15 and full year 2015 earnings on January 29, 2016. Simon Property is the largest REIT in the United States with a market capitalization of $57.8 billion. For a complete overview of the company, please read Simon Property Group: Everything Investors Need to Know.

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Simon Property’s performance compared to its peers

In 2015, Simon Property returned 4.9%. The stock was trading at $186.40 on January 19, 2016. In 2015, shares of Simon Property outperformed the REIT sector and most of its peers. The Vanguard REIT ETF (VNQ), which represents the US REIT sector, returned -3% in 2015. Now let’s look at how Simon Property’s peers performed:

  • General Growth Properties (GGP): -4.7%
  • Macerich (MAC): -4.1%
  • Taubman Centers (TCO): -1.5%

Analyst recommendations

Of the 25 analysts following the stock, 20 have assigned it a “buy” rating. Simon Property received no “sell” ratings and five “hold” ratings. Presently, Simon Property has a consensus “buy” rating with a price target of $226.10 over the next 12 months. The price target represents a return of 16.3% in 2015. We’ve noticed that analysts’ estimates and recommendations have a large impact on a company’s stock price.

Series overview

With Simon Property’s 4Q15 earnings release just around the corner, we’ll look at earnings expectations in this series. We’ll also look at estimates for revenue and funds from operations.

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