Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

Simon Property Group, Inc. (NYSE:SPG), the second-largest real estate investment trust in the United States, reported revenues above consensus estimates for the last 15 quarters.

If You Bought Simon Property Stock 20 Years Ago

The company's stock traded around $49.19 per share 20 years ago. If you had invested $1,000, you could have bought around 20 shares of Simon Property stock. Currently, shares are trading at $155.16, which means your investment's value could have soared to $3,154 because of stock price appreciation. But wait, the company also paid dividends during these 20 years.

Simon Property’s dividend yield is currently 5.28%. Over the last twenty years, it paid around $140.81 in dividends per share, which means you could have made $2,862 from dividends alone.

Summing up $3,154 and $2,862, we get the final value of your investment, which is $6,016. This is how much you could have made if you had invested $1,000 in Simon Property stock 20 years ago. This means a total return of 501.6%. However, this is lower than the S&P 500 total return for the same period, which is 556.77%.

Trending: A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.

What Could The Next 20 Years Bring?

Based on the ratings of 22 analysts, Simon Property has a consensus rating of Buy and a price target of $145.16.

Earlier this week, according to our Benzinga Pro report, two analysts raised their price targets on Simon Property following the Q2 earnings announcement. Stifel increased its target to $157.50 from $152, reiterating its Buy rating, while Evercore ISI raised the target to $155 from $150, maintaining its In-Line rating.

Don’t Miss:

• Oprah, Madonna and DiCaprio have turned to the alternative asset that is outperforming the S&P 500. Discover the potential of this market before other investors.

• Don’t miss out: earn 8-15% expected returns by investing in fractional real estate. Get started with only $10.

On Aug. 5, Simon Property announced its Q2 2024 earnings results, posting earnings of $2.90 per share, which missed the analyst consensus estimate of $2.94 by 1.36%. Quarterly revenue came in at $1.45 billion, which beat the analyst consensus estimate of $1.3 billion by 11.34% and represents a 5.87% increase over the same period last year.

"We are pleased with our financial and operational performance in the second quarter," said David Simon, chairman, CEO and president. "We continue to invest in our retail real estate platforms with transformative redevelopments, including the addition of mixed-use components and selective new developments including the grand opening of Tulsa Premium Outlets on Aug. 15, 2024, at 100% leased."

The company also raised its quarterly dividend from $1.95 to $2.05 per share. This article by Benzinga highlights top REITs, which just raised their dividends by up to 10%.

Simon Property sees full-year funds from operations (FFO) of between $12.80 and $12.90 versus the $12.49 estimate, as per Benzinga.

In summary, income-focused investors may find Simon Property stock attractive, given its significant dividend yield of 5.28%. Furthermore, they can benefit from the company's consistent dividend hikes. Simon Property has raised its dividend consecutively since 2020.

Better Yields Than Some REITs?

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

As long-term rates go down and short-term rates stay high, there’s a unique chance to invest in fix & flip loans before yields drop. Check out Benzinga's favorite high-yield offerings.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article If You Invested $1000 In Simon Property Stock 20 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com