Simon Property Group Inc (SPG)

[NYC Trader]

Simon is a company that makes adjustments in their business plan as they go. Going from Malls to outlets to Kiosk and so on. They will be making new changes in the future for the next generation.

[NYC Trader]

Simon will be stronger then ever, they have survived the worst.

[Flatrader88]

Starting Green today

[NYC Trader]

Here is something to think about.

Simon Property Group, Inc. is an S&P 500 company and the largest public U.S. real estate company. Simon is a fully integrated real estate company which operates from five retail real estate platforms: regional malls, Premium Outlet Centers(R), The Mills(R), community/lifestyle centers and international properties. It currently owns or has an interest in 386 properties comprising 263 million square feet of gross leasable area in North America, Europe and Asia. The Company is headquartered in Indianapolis, Indiana and employs more than 5,000 people worldwide.

[NYC Trader]

Simon Property Group Finishes #1 Again as FORTUNE's Most Admired Real Estate Company in 2009. After the restructure they will be out of sight.

[NYC Trader]

With Simon looking into the international market, they are opening up new ventures of posibilities.

[Flatrader88]

Just left a simons mall for lunch 50% packages leaving out the door

[NYC Trader]

Simon has been around for 50 years and with a little reorganization they will be better and more profitable then ever.

[NYC Trader]

Nice volume here today.

[NYC Trader]

Look for some dead wood cutting and a reorganization, then Simon will be back where it once was.

[Flatrader88]

SPG Bid 53.50 Ask 55.95
Last 54.24

[Flatrader88]

Profit taking over??

[NYC Trader]

They will be changing some of their statagies on the malls they own and they will see some increase in business. They will unload some of the depressed area malls for now and remove some dead wood.

[NYC Trader]

Simon has taken a little beating due to stores closing down and an increase in vacancy, but that will be changing as they change some of the stategies. They will be on top again.

[NYC Trader]

Simon is one of the biggest names in shopping centers an malls. They will be looking to expand overseas in the near future.

[Flatrader88]

SPG 55.11 making the turn back up

[Flatrader88]

catch this on a bounce killed it yesterday$$$$

[MWM]

Simon Property Group Announces First Quarter Results
May 1, 2009 8:00:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesINDIANAPOLIS, May 1 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (the "Company" or "Simon") (NYSE: SPG) today announced results for the quarter ended March 31, 2009:



-- Funds from operations ("FFO") for the quarter increased 13.5%
to $476.8 million from $420.1 million in the first quarter of 2008. On a
diluted per share basis the increase was 10.3% to $1.61 from $1.46 in
2008.



-- Net income available to common stockholders for the quarter increased
21.5% to $106.8 million from $87.9 million in the first quarter of 2008.
On a diluted per share basis the increase was 15.4% to $0.45 from $0.39
in 2008.


U.S. Portfolio Statistics(1)




As of As of
March 31, 2009 March 31, 2008
-------------- --------------
Occupancy
---------
Regional Malls(2) 90.8% 91.7%
Premium Outlet Centers(R)(3) 96.9% 97.9%

Comparable Sales per Sq. Ft.
----------------------------
Regional Malls(4) $455 $491
Premium Outlet Centers(3) $507 $511

Average Rent per Sq. Ft.
------------------------
Regional Malls(2) $40.29 $37.73
Premium Outlet Centers(3) $29.21 $26.32



(1) Statistics do not include the community/lifestyle center properties
or the Mills portfolio of assets.
(2) For mall stores.
(3) For all owned gross leasable area (GLA).
(4) For mall stores less than 10,000 square feet.

"The first quarter of 2009 was very positive for our Company. We delivered excellent growth in profits, a testament to the stable performance of franchise retail assets within our regional mall, Premium Outlet and Mills platforms," said David Simon, Chairman and Chief Executive Officer. "We also strengthened our balance sheet, one of the strongest in the industry, by raising over $1.6 billion of capital. These continue to be uncertain economic times, but I am very pleased with our performance."

[newair]

The Mall at the Source defaults on $124M loan [Newsday, Melville, N.Y.]
12:15 p.m. 03/28/2009 By Keiko Morris, Newsday, Melville, N.Y. Provided By Knight Ridder/Tribune

Mar. 28--The owners of the Mall at The Source in Westbury have defaulted on a $124-million interest-only balloon loan, according to a Manhattan-based firm that tracks commercial mortgage-backed security transactions.

The mall -- where stores of bankrupt retailers Fortunoff and Circuit City are liquidating their goods and where Steve & Barry's once had a location -- had a 10-year-old balloon loan that matured on March 11, said Thomas Fink, senior vice president of Trepp, which tracks the performance of commercial real estate loans that have been securitized. The loan servicer, LNR Properties of Miami, listed the loan as a nonperforming mature balloon loan, he said, which means the servicer does not expect the balance of the loan to be paid.

It originally was issued in 1999 by Nomura, and the owner of the mall is listed as W&S Associates. Records from the New York State Department of State show the address of W&S as the Simon Property Group (SPG), owner of the Roosevelt Field Mall, Walt Whitman Mall and Smith Haven Mall. The records were unclear regarding the ownership composition of W&S.

No one at Simon Property (SPG) was immediately available for comment Friday evening.

"What's been happening is that more and more commercial properties have been having trouble refinancing balloon payments that are coming due," Fink said. "There's no market right now or the market is not giving them the proceeds or the rate they want to refinance the mortgage."

To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com

Copyright (c) 2009, Newsday, Melville, N.Y.

Distributed by McClatchy-Tribune Information Services. For reprints, email

http://www.newsday.com/business/ny-bzmal...

[newair]

coming up on new low of the day.

[newair]

this is unreal. but i think i will hold at least through tommorow. see which way the wind blows.

good luck

[MWM]

I gave up, SPG wants to go down but the market is in rally mode and I don't want to get caught with my pants down again!
GL!

[newair]

still holding april 25's yesterdays market was the temporary salvation of many stocks. Including spg. I would hope to see this go into a free fall very soon. Even considering yesterdays overall market, I was very surprised to see it run up as much as it did. Don't want to get eaten by decay. And without a doubt yesterday bought this at least several days.
Can only hope today is a good indication of where we are going.
Without all of this delution, I cannot believe anyone is buying at these levels. Maybe they know something I don't.

Good luck all.

[MWM]

I've got the April $30's too, hope we don't loose too much premium over this expiration weekend...

[newair]

avg vol looks to be about 8 mil. looks like on march 6 and 8 they had just under 20 mil share days. I would expect them to do every thing they can to support this price until they finish unloading. Once that happens I see no reason to stop this from a freefall back down to the recent low of $25.00
certianly hope I am right. bought a few april 30 puts will be buying more on monday I would assume.

[MWM]

With 25 million in volume today, hopefully they move those shares fast...

[newair]

They will hold it up until they finish dilluting. Good for us. May be one of the better short plays around. Loading up on puts myself. good luck

[MWM]

SPG was held up big time at the close... JPM is doing the new issue, when they are done SPG is going to fall like a rock if the markets turn negative again...

1 word Dilution!

[MWM]

I think they better start selling some malls to take care of that massive $17 billion in debt they have...

Dilution should take this down even further imo...

[MWM]

New Issue-Simon Property Group sells $650 mln notes
Fri Mar 20, 2009 1:55pm EDT

March 20 (Reuters) - Simon Property Group LP, a subsidiary
of Simon Property Group Inc SPG.N, on Friday sold $650
million in 10-year senior notes, said IFR, a Thomson Reuters
service. The size of the deal was increased from an originally
planned $500 million. Bank of America, Goldman Sachs and JP Morgan were the
joint bookrunning managers for the sale.

[MWM]

Falling pretty hard today and making new 52 week lows along the way...

[MWM]

Damn Reits, like I said, they'll get you every single fing time...

Sorry guys

[MWM]

Nice play!

[swinging for the fence]

picked up Feb 40 puts at 1.50 earlier and sold this afternoon at 2.45. Was going to hold until the am for earnings but my luck the damn thing will spike up. will be watching very close for next quarter.

[MWM]

Today is just not too convincing to me, these reits were down with the market, SPG was down a little more than usual but not much, after watching BXP not really sell off on bad news like VNO did, it made me too chix to try to short SPG...

GL!

[rstar]

i got some feb 40s 1.80... they went as low as 1.40,
and closed 2.50... held on to them....
expecting earnings and especially forecasts to be grim...

[m177]

right on Mike. I might be tempted by an EOD rally though to play a gap down.

[MWM]

Gonna hold off myself, I don't trust them, BXP only down 1% today and their earnings sucked...

Be careful, SPG options premiuim might be a little high today too...

I think the next Q for SPG will be the bad one...

[m177]

browsing SPG puts now....

http://www.marketwatch.com/tools/quotes/options1.asp?source=&symb=SPG&sid=117388&time=&bars=1&bars=2

[MWM]

Puts on SPG for tomorrow might not be too bad after what BXP just reported...

[m177]

Today is the day for cheap SPG puts! Get'em while they are on sale!

[m177]

Motley fool crowd bearish on SPG:

http://www.fool.com/investing/dividends-income/2009/01/27/1-star-stocks-poised-to-plunge-simon-property-grou.aspx

[rstar]

starting to reenter srs but maybe just puts here is the way to go....

[MWM]

That is the way most of yahoo is...

[rstar]

the yahoo spg board is great.
don't think there is a long there.lol

[rstar]

Macy's closure bad news for Westminster Mall
e-mail to a friend | print this | link to this
Contributed by: Joseph Kirchmer/YourHub.com on 1/18/2009
http://denver.yourhub.com/Westminster/Stories/News/General-News/Story~569882.aspx
The impending closure of a major anchor tenant at the struggling Westminster Mall might well result in a further decline in customers and a heightened effort from the city to redevelop the shopping center.

Macy's Inc. announced Jan. 8 plans to shutter 11 underperforming stores, including the location at Westminster Mall, 5433 W. 88th Ave. The company also will close a Colorado Springs store.

The announcement is bad news for the mall, which has struggled to compete against other shopping centers in the area, including Flatiron Crossing mall in Broomfield and the Westminster Promenade. Revenues from the mall, which is nearly half-empty, are down 21 percent on a year-to-date basis, according to Tammy Hitchens, the city's finance director.

Westminster's effort to redevelop the mall, which has been in the works for more than five years, is first and foremost on the minds of city councilors and economic development officials, said Susan Grafton, economic development manager for the City of Westminster.

"It couldn't be any higher," Grafton said of the redevelopment. "It's on the top of our to-do list."

The mall, which opened to shoppers in 1977, was at one time one of the main contributors to the city's sales tax base. A taxpayer-funded upgrade to its façade in 2000 helped reinvigorate the mall, but increasingly shoppers appear to be spending their dollars elsewhere.

The closure of Macy's leaves three major tenants standing, including Sears, Dillard's and JCPenney.

"We were disappointed with Macy's closing, but right now in the current economic climate, it doesn't come as a complete surprise," Grafton said. "It just means we have to continue working diligently on what we're planning on doing."

Those plans include working with the mall's owner, Westminster Mall Co., on a plan to completely redevelop the facility. The city has a pre-development agreement with Westminster Mall Co. on a plan to transform the 100-acre parcel into a mixed-use retail center, Grafton said.

The mixed-use concept, which often includes a blend of office, retail and residential, is a highly popular choice for cities looking to reinvigorate its sales tax base. Similar efforts in recent years have proven successful, such as Lakewood's redevelopment of the Belmar shopping district.

Grafton said the city is not releasing any specific details of the redevelopment plan and didn't say whether taxpayer funds would be used. Westminster Mall Co. contributed some funding for the 2000 upgrade, but the city ultimately picked up the majority of the tab.
The city believes the effort can be a success, noting the mall's location along U.S. 36 and opportunities for transit-oriented developments when proposed FasTracks corridors open. The battered economy, however, might play a role in the timeline of the project, Grafton said.

"I think we want to get going on this right now," Grafton said. "But as far as actually getting started on anything, I think that's really going to depend on the economy and the market."

Though the declining sales at the Westminster Mall are a concern, Grafton said investments in other shopping centers such as the Orchard Town Center and the Shops at Walnut Creek have helped keep the city's coffers healthy.

[rstar]

you could hear them laughing and whispering abt her as they put the chart up.lol
earnings fri before the bell

[MWM]

Well we have to realize these Reits have already been chopped in half, so until the earnings start coming down and divy's start getting cut I think the big reits will stay in their ranges but that could change real fast...

[m177]

Do you think that is the main thing that will motivate sellers? Seems like all this news of malls becoming ghost towns doesn't really seem to push the stock down.

[MWM]

Divy cut warning would send this down hard, might have to buy some puts this week...