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

SIMON PROPERTY GROUP (SPG)
Mes dernières consult.
Most popular
Report
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 CET

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
12/13DJSIMON PROPERTY : Unibail Deal to Create Behemoth -- WSJ
12/12DJUNIBAIL RODAMCO : Who? The French Mall Owner Is Buying Westfield For $15.7 Billi..
12/05DJStarbucks Asked to Keep Teavana Stores Open at Some Malls
11/30 SIMON : Property Group Sells $1.35 Billion Of Senior Notes
11/24 SIMON PROPERTY : Security enhanced at Wrentham's outlet mall
11/16 MACY : Pleasanton men's store building bought by mall owner Simon Property
11/15DJCorrection to Mall Short Sellers Story
11/15 SIMON PROPERTY GROUP : ex-dividend day
11/14DJMall Short Sellers Feel Some Pain
11/14 SIMON PROPERTY : Announces Premier Mixed-Use Development At Phipps Plaza
More news
News from SeekingAlpha
12/15 AMAZON INSURANCE : 5 Attractive High-Income Retail REITs
12/15 Ventas Puts On The Gloves Vs. Welltower
12/15 Everybody Loves Dividends From Realty Income, Especially Retirees
12/15 All I Want For Christmas Are A Few Retail REITs
12/14 UNIBAIL-RODAMCO : Large Acquisition Doesn't Change High Yield Attraction
Financials ($)
Sales 2017 5 460 M
EBIT 2017 2 817 M
Net income 2017 2 057 M
Debt 2017 25 281 M
Yield 2017 4,34%
P/E ratio 2017 25,91
P/E ratio 2018 24,09
EV / Sales 2017 14,3x
EV / Sales 2018 13,8x
Capitalization 52 994 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
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 188 $
Spread / Average Target 13%
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-6.78%52 994
GGP INC-5.16%22 155
SCENTRE GROUP-5.82%17 864
WESTFIELD CORP LTD1.17%15 084
REGENCY CENTERS CORP-0.28%11 772
MACERICH CO-5.75%9 414