Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Simon Property Group    SPG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Simon Property To Develop Outlet Centers In Brazil

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/10/2012 | 12:53pm CEST

Simon Property Group Inc. (>> Simon Property Group, Inc) joined forces with Brazil's largest shopping center operator, BR Malls Participacoes SA (BRML3.BR), to develop and own Outlet Centers in Latin America's largest nation.

The joint venture will be equally and jointly owned by Simon Property and BR Malls to develop and own outlet centers across Brazil. The first outlet center of the joint venture is expected to be open in the country's largest state of Sao Paulo in 2013, the companies said in a joint statement late Monday.

According to the local financial newspaper Valor Economico, the companies plan to invest a total of 1.5 billion Brazilian reais ($825 million) to open 12 out lets centers until 2019.

"We already welcome large numbers of Brazilian visitors to our outlet centers in the United States, such as Woodbury Common Premium Outlets, Orlando Premium Outlets and Sawgrass Mills, and we look forward to also serving these valued shoppers in Brazil," said John Klein, President of Simon's Premium Outlets division.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; [email protected]

Stocks mentioned in the article : Simon Property Group, Inc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SIMON PROPERTY GROUP
10/19 SIMON : ® And Disney Junior Collaborate On 'Disney Junior Play Dates' To Take Pl..
10/19 SIMON PROPERTY : Giant mall operator attempts to snuff N.E. Philly marijuana dis..
10/15 SIMON PROPERTY : Colorado Mills Mall will reopen ahead of holiday shopping seaso..
10/14 SIMON PROPERTY : Estero hears Chase Bank, Bassett Furniture plans
10/13 SIMON PROPERTY : Empowering Brands at Lightning Speed, Simon® Launches The [email protected]
10/12 SIMON PROPERTY : Tulalip's Seattle Premium Outlets raises money for breast cance..
10/05 SIMON : Breaks Ground On Denver Premium Outlets®
09/28 SIMON : Property Group Schedules Third Quarter 2017 Earnings Release and Confere..
09/28 TIMELINE : Laguna hills
09/24 SIMON PROPERTY : Rock solid?
More news
News from SeekingAlpha
10/19 20 Years Of 14.9% Annualized Returns, 5% Dividend Yield, And A Strong Buy For..
10/18 5% Yielder Trading At A Significant Discount To Peers
10/18 Forget This Mall REIT, Buy These Other Great Dividend Growth Stocks
10/16 5% Yield, Strong Growth Potential, And Sustainable Dividend Growth REIT Tradi..
10/13 The Pitfalls Of Screening For REIT Leverage
Financials ($)
Sales 2017 5 521 M
EBIT 2017 2 756 M
Net income 2017 2 111 M
Debt 2017 25 522 M
Yield 2017 4,32%
P/E ratio 2017 26,15
P/E ratio 2018 23,41
EV / Sales 2017 13,9x
EV / Sales 2018 13,2x
Capitalization 51 203 M
Chart SIMON PROPERTY GROUP
Duration : Period :
Simon Property Group Technical Analysis Chart | SPG | US8288061091 | 4-Traders
Technical analysis trends SIMON PROPERTY GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 190 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
David E. Simon Chairman & Chief Executive Officer
Richard S. Sokolov President, Chief Operating Officer & Director
Andrew A. Juster Chief Financial Officer & Executive Vice President
David Schacht Chief Information Officer & Senior Vice President
Karen N. Horn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SIMON PROPERTY GROUP-7.42%51 203
GGP INC-14.89%18 672
SCENTRE GROUP-13.15%16 766
WESTFIELD CORP LTD-16.31%12 977
REGENCY CENTERS CORP-6.63%10 827
MACERICH CO-19.88%8 027