Why SPG is up 10% since Oct 28
Up 10% so far from Oct 28 to Nov 10.
- Simon Property rose 10% so far from Oct 28 to Nov 10 while REIT stocks rose a median 3%:
SPG's Quality Score rose 2 points on Mon, Nov 9, to 17. Buying reached its highest in 20 days (2 chart checks started).
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Up 10% so far from Oct 28 to Nov 10.
| The company | Profit margin 84% |
| Latest filing | 10-Q, Nov 6 |
Thu Dec 10: Ex-dividend, $2.30 a shareAt the open. Pays Dec 31.
After its last 4 reports it closed +0.4% on average, higher 2 of 4 times.
Excellentfor quality, not price, 8 of 14 chart checks firingWhat the Quality Score means
Well above its recent run. SPG scores 17 today, against a median of 11.5 over its last 20 recorded sessions.
SPG is #4 of 131 by Quality Score.
| Rank | Stock | Quality Score |
|---|---|---|
| 1 | ||
| 2 | ||
| 3 | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| Open for its score | ||
| 4 |
Net income over four quarters: SPG $5.25B, KIM $607M, BRX $426M, ADC $241M.
Expected to report Mon Feb 1, after the close (in 83 days).
What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.
Sales of $1.8B, 13% more than a year ago.
“Net income for the third quarter of 2026 includes non-cash after-tax losses of $99.6 million, or $0.27 per diluted share, due to unrealized mark-to-market adjustments attributable to the Klépierre exchangeable bonds and the revaluation of an equity security that became publicly traded during the quarter and is held by one of our unconsolidated Other Platform Investments.”
SPG's results filing gives no sales by line in a table we read.
| Measure | Figure |
|---|---|
| Real Estate FFO per diluted share | $13.30 to $13.40 |
Sales grew 6.7% a year over 5 years, fiscal 2020 to 2025.
Pays $9.20 a share a year.
| Reported | Gap | Reaction | 5 days |
|---|---|---|---|
| Nov 5, 2026 | -1.9% | +0.8% | not yet |
| Aug 10, 2026 | -0.1% | -0.5% | +0.5% |
| May 11, 2026 | +2.1% | +2.3% | -0.3% |
Sales grew in six of the last seven years, to $6.4B in 2025. It made a profit in each of the eight years.
RSI 76.8, MACD above signal, above both averages. Not scored.
Its dividends come to 89% of its free cash flow.
| Dividend | $9.20 a share a year |
| Paid out | About $3B a year |
| Free cash flow | $3.4B |
| Record | Raised each of the last 5 years |
11 insiders bought $78K across 17 filings in the last 6 months. No open-market sales on record. The newest:
6 trades disclosed in the last six months. The newest:
Officers and directors with a Form 4 in the last 12 months.
In ETFs: SPG is 4.0% of VNQ, 0.1% of VOO, and 0.1% of IVV, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Jul 31, 2026.
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $838 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
“The retail real estate industry is dynamic and competitive.”
SPG scores 17 today, which Breakaway calls Excellent. It is #4 of 131 in Reit by Quality Score, with 8 of 14 chart checks firing. Up 10% so far from Oct 28 to Nov 10. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.
SPG scores 17 today, which Breakaway calls Excellent (15 to 19). That is #4 of 131 in Reit by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind SPG's 17.
11 insiders bought $78K across 17 filings in the last 6 months. No open-market sales on record. The newest is Larry C. Glasscock, Director, who bought $12K on Jun 30. Every filing, with the scored weight, for Pro members.
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Insider and Congress trades, the chart, and the financials, in one score.
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