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Simon Property Group, Inc. (NYSE:SPG) is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center and big-box retailers), six lifestyle centers and five other retail properties.

The company will report its Q3 2024 earnings on October 28. Wall Street analysts expect the company to post an EPS of $3, down from $3.20 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.46 billion, up from $1.41 billion in the year-ago period.

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The 52-week Simon Property stock price range was $102.11 to $169.19.

Simon Property’s stock dividend yield is 5%. It paid $8.20 per share in dividends during the last 12 months.

The Latest On Simon Property

On Aug. 5, Simon Property reported its Q2 2024 earnings, posting earnings of $2.90 per share, which missed the analyst consensus estimate of $2.94, as reported by Benzinga.

Quarterly revenue was $1.45 billion, beating the analyst consensus estimate of $1.3 billion by 11.34% and representing a 5.87% increase over the same period last year.

The company reported occupancy of 95.6%, compared to 94.7% in the same period last year and a base minimum rent per square foot of $557.94, an increase of 3% year over year.

Furthermore, Simon raised its quarterly dividend from $1.95 to $2.05 per share.

The company expects full-year funds from operations (FFO) of between $12.80 and $12.90, compared to the $12.49 estimate.

Check out this article by Benzinga for analysts' insights on Simon Property Group stock.

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How Can You Earn $100 Per Month As A Simon Property Investor?

If you want to make $100 per month –$1,200 annually – from Simon Property dividends, your investment value needs to be approximately $24,000, which is around 146 shares at $164.02 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (5% in this case). So, $1,200 / 0.05 = $24,000 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Simon Property stock an attractive option for earning a steady $100 per month by owning 146 shares.

A Better Yield Than Simon Property Group?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through publicly-traded REITs.

Arrived Homes, the Jeff Bezos-backed investment platform has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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This article How To Put $100 In Your Retirement Fund Each Month With Simon Property originally appeared on Benzinga.com