If You Invested $10,000 In Simon Property Group Stock 10 Years Ago, How Much Would You Have Now?

Simon Property Group, Inc. SPG is a self-administered and self-managed real estate investment trust (REIT) that owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, primarily malls, Premium Outlets, The Mills and International Properties.

The company is set to report its Q4 2024 earnings on Feb. 3, 2025. Wall Street analysts expect an EPS of $3.38, down from $3.69 in the year-ago period. According to Benzinga Pro, quarterly revenue is projected to reach $1.38 billion, down from $1.53 billion the previous year.

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If You Bought Simon Property Group Stock 10 Years Ago

The company's stock traded at approximately $181.64 per share 10 years ago. If you had invested $10,000, you could have bought roughly 55 shares. Currently, shares trade at $173.52, meaning your investment's value could have dropped to $9,553 from stock price depreciation. However, Simon Property Group also paid dividends over these 10 years. 

Simon Property Group's dividend yield is currently 4.82%. Over the last 10 years, it has paid about $71.85 in dividends per share, which means you could have earned $3,956 from dividends alone. 

Adding $9,553 and $3,956, we end up with the final value of your investment, which is $13,509. This is how much you could have made if you had invested $10,000 in Simon Property Group stock 10 years ago. This means a total return of 35.09%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 223.48%.

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What Could The Next 10 Years Bring? 

Simon Property Group has a consensus rating of "Neutral" and a price target of $146.9 based on ratings from 20 analysts. This price target implies more than a 15% potential downside from the current stock price.

On Nov. 1, the company announced its Q3 2024 earnings, posting an FFO of $2.84, missing the consensus of $3.03. Revenue of $1.481 billion exceeded the consensus estimate of $1.325 billion, as reported by Benzinga.

"We are pleased with our quarterly results highlighted by strong financial and operational performance, the successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets," said David Simon, Chairman, Chief Executive Officer and President. "Today, we are pleased to raise our dividend for the fourth consecutive quarter to $2.10 per share, a year-over-year increase of 10.5%."

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The company estimates full-year net income to be between $7.18 and $7.28 per diluted share and FFO to be between $12.80 and $12.90 per diluted share.

Given the potential downside, growth-focused investors may not find Simon Property Group stock attractive. However, the stock could be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 4.82%.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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