Simon Property Hits 52W High on Strong Demand, Leasing Momentum
Simon Property Group shares rose 2.89% to $228.50 on Wednesday, reaching the upper end of its 52-week range of $172.19-$238.50. The session gain followed CEO Eli Simon's statement that the mall operator is seeing strong demand across its portfolio, with particular strength in redevelopment and outlet properties. The stock now trades at 15.02 times trailing earnings, with EPS of $14.18. Revenue grew 15% year over year, while EPS surged 78%, reflecting margin expansion to 66.6% net. The Alpha Score of 70.8 is driven by momentum at 79.2, value at 83.3, and quality at 73.2. Watch for the next quarterly earnings release, expected in late January, to see if leasing momentum translates into continued occupancy gains.