When was Simon Property Group’s initial public offering completed and what exchange is its stock traded on?
Simon Property Group’s initial public offering closed in December of 1993 at a price of $22.25 per share. Simon Property Group‘s common stock trades on the New York Stock Exchange under the ticker symbol "SPG."

A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate. Modeled after mutual funds, REITs provide investors of all types regular income streams, diversification and long-term capital appreciation. REITs typically pay out all of their taxable income as dividends to shareholders. In turn, shareholders pay the income taxes on those dividends.

REITs allow anyone to invest in portfolios of large-scale properties the same way they invest in other industries – through the purchase of stock. In the same way shareholders benefit by owning stocks in other corporations, the stockholders of a REIT earn a share of the income produced through real estate investment – without actually having to go out and buy or finance property. Simon Property Group is a REIT specializing in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets.

For additional information on REITs, visit the National Association of Real Estate Investment Trusts (NAREIT).

We consider Funds from Operations (“FFO”) and FFO per share key measures of our operating performance that are not specifically defined by accounting principles generally accepted in the United States, or GAAP.  FFO is a performance measure that is standard in the REIT business.  We believe FFO provides investors with additional information concerning our operating performance and a basis to compare our performance with those of other REITs.  We also use these measures internally to monitor the operating performance of our portfolio. Our computation of these non-GAAP measures may not be the same as similar measures reported by other REITs.

We determine FFO based upon the definition set forth by the National Association of Real Estate Investment Trusts ("NAREIT") Funds From Operations White Paper – 2018 Restatement. Our main business includes acquiring, owning, operating, developing, and redeveloping real estate in conjunction with the rental of real estate.  Gains and losses on assets incidental to our main business are included in FFO.  We determine FFO to be our share of consolidated net income computed in accordance with GAAP, excluding real estate related depreciation and amortization, excluding gains and losses from extraordinary items, excluding gains and losses from the sale, disposal or property insurance recoveries of, or any impairment related to, depreciable retail operating properties, plus the allocable portion of FFO of unconsolidated joint ventures based upon economic ownership interest, and all determined on a consistent basis in accordance with GAAP. However, you should understand that FFO does not represent cash flow from operations as defined by GAAP, should not be considered as an alternative to net income determined in accordance with GAAP as a measure of operating performance, and is not an alternative to cash flows as a measure of liquidity.

Common Stock - 828806109
Series J 8.375% Cumulative Redeemable Preferred - 828806885

Series J 8.375% Cumulative Redeemable, ticker: SPGPrJ
Distributions: Payable quarterly in the amount of $1.046875 per share on or about the last day of March, June, September and December. Annual dividend = $4.1875. Liquidation preference = $50 per share.

The shares are redeemable on or after October 15, 2027. The shares are not convertible into or exchangeable for any other securities of SPG.

Senior unsecured debt is rated A- (Stable Outlook) by Standard & Poor’s and A3 (Stable Outlook) by Moody’s. Preferred stock is rated BBB (Stable Outlook) by Standard & Poor’s and Baa1 (Stable Outlook) by Moody’s. Commercial paper is rated A2 (Stable Outlook) by Standard & Poor’s and P2 (Stable Outlook) by Moody’s. Standard & Poor’s corporate rating for Simon Property Group is A- (Stable Outlook).
Simon Property Group offers a Shareowner Services Program for investors wishing to purchase or sell Simon Property Group Common Stock. You can find additional information on this Web site on the Shareowner Services Program page. You may also contact a licensed broker to purchase shares.
Simon Property Group offers a Shareowner Services Program for present shareholders of record which allows them to enroll in dividend reinvestment or to make changes to their dividend reinvestment. You can find additional information on this Web site on the Shareowner Services Program page.
Shareholder correspondence should be mailed to:
P.O. Box 43078   
Providence RI 02940-3078 

Overnight correspondence should be mailed to:
150 Royall St., Suite 101
Canton, MA 02021
Phone: 1-800-454-9768
Internet: http://www.computershare.com/investor
You can find historical stock prices on the Stock Quote page.
You can find dividend information on the Dividend History page.
Holders of Simon Property Group's common and preferred stock receive 1099s. Holders of Simon Property Group's limited partnership units receive K-1s. The company is required to mail 1099s to shareholders by January 31st and K-1s by July 15th.
To be the preeminent developer, owner and manager of retail real estate. To create and continually enhance stockholder value through the ownership of a high quality portfolio of premier properties and a commitment to our employees, our customers, our retailer and business partners and the communities in which we operate.
  • Premier real estate company uniquely position in North America, Europe and Asia
  • High quality portfolio across wide retail spectrum – from value to luxury
  • Opportunities to invest capital for accretive returns
  • Growth levers beyond real estate with unique business models and diversity of income streams
  • Reinventing the shopping experience to connect with today’s consumer in modern and innovative ways
  • Tenured, visionary management team to steer the evolution of retail real estate
  • Track record of industry-leading performance, balance sheet, dividend growth, and cash flow growth
These documents are located on this Website in the Financials section. You may also contact:
Simon Property Group, Investor Relations
P.O. Box 7033
Indianapolis, IN 46207
Telephone: 317.636.1600
Click here to contact investor relations.