Simon Property Group Announces Reporting Information For 2022 Distributions

Rhea-AI Summary

Simon Property Group, a leading real estate investment trust, disclosed its 2022 year-end tax reporting information in a press release dated January 17, 2023. The report details the total cash distributions per share for both common stock (SPG) and preferred stock (SPG.PRJ). For common stock, total distributions reached $6.90 per share, while for the 8.375% Series J preferred stock, total distributions amounted to $4.1875 per share. Approximately 98.6% of these distributions are classified as taxable ordinary dividends, while a small portion consists of capital gain distributions. Investors are encouraged to consult tax advisors regarding their specific tax situations.

Positive

• Total cash distribution per common share is $6.90.
• Total cash distribution per preferred share is $4.1875.
• 98.6% of distributions are taxable ordinary dividends, indicating a favorable tax treatment for investors.

Negative

• None.

INDIANAPOLIS, Jan. 17, 2023 /PRNewswire/ -- Simon^®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced 2022 year-end tax reporting information. 

 

Simon Property Group, Inc. Common Stock
CUSIP 828806109
Ticker Symbol:  SPG
						% of
	Record 3/10/22	Record 6/9/22	Record 9/9/22	Record 12/9/22		Annual
Dividend Dates	Pmt 3/31/22	Pmt 6/30/22	Pmt 9/30/22	Pmt 12/30/22	Totals	Total
Total Distribution per Share	$ 1.650000	$ 1.700000	$ 1.750000	$ 1.800000	$ 6.900000
Taxable Ordinary Dividends	$ 1.626882	$ 1.676181	$ 1.725481	$ 1.774780	$ 6.803324	98.6 %
Qualified Dividends	$ 0.016258	$ 0.016751	$ 0.017243	$ 0.017736	$ 0.067988
(included in
Taxable Ordinary Dividends)
Total Capital Gain Distribution (1)	$ 0.023118	$ 0.023819	$ 0.024519	$ 0.025220	$ 0.096676	1.4 %
Unrecaptured Sec. 1250 Gain	$ 0.023118	$ 0.023819	$ 0.024519	$ 0.025220	$ 0.096676
(included in
Total Capital Gain Distribution)
Nondividend Distributions	$               -	$               -	$               -	$                   -	$             -
Section 199A Dividends (2)	$ 1.610624	$ 1.659430	$ 1.708238	$ 1.757044	$ 6.735336
Section 897 Capital Gain	$ 0.023118	$ 0.023819	$ 0.024519	$ 0.025220	$ 0.096676

 

 

Simon Property Group, Inc. 8.375% Series J Cumulative Redeemable Preferred Stock
CUSIP 828806885
Ticker Symbol:  SPGPrJ
						% of
	Record 3/17/22	Record 6/16/22	Record 9/16/22	Record 12/16/22		Annual
Dividend Dates	Pmt 3/31/22	Pmt 6/30/22	Pmt 9/30/22	Pmt 12/30/22	Totals	Total
Total Distribution per Share	$ 1.046875	$ 1.046875	$ 1.046875	$ 1.046875	$ 4.187500
Taxable Ordinary Dividends	$ 1.032207	$ 1.032207	$ 1.032207	$ 1.032207	$ 4.128828	98.6 %
Qualified Dividends	$ 0.010315	$ 0.010315	$ 0.010315	$ 0.010315	$ 0.041260
(included in
Taxable Ordinary Dividends)
Total Capital Gain Distribution (1)	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.058672	1.4 %
Unrecaptured Sec. 1250 Gain	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.058672
(included in
Total Capital Gain Distribution)
Nondividend Distributions	$                 -	$                 -	$                 -	$                   -	$             -
Section 199A Dividends (2)	$ 1.021892	$ 1.021892	$ 1.021892	$ 1.021892	$ 4.087568
Section 897 Capital Gain	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.014668	$ 0.058672

(1)	Pursuant to Treas. Reg. §1.1061-6(c), the Company reports that for purposes of Section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of " applicable partnership interests."
(2)	Under Section 199A, REIT dividends are eligible for a 20% deduction when received by eligible taxpayers.
Please consult your tax advisor for proper tax treatment of the dividend distribution.

 

THIS INFORMATION REPRESENTS (check one):

X	FINAL INCOME ALLOCATIONS
	ESTIMATED INCOME ALLOCATIONS

 

About Simon
Simon^® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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SOURCE Simon

FAQ

What was Simon Property Group's total distribution for common stock in 2022?

The total distribution for Simon Property Group's common stock (SPG) in 2022 was $6.90 per share.

What is the taxable ordinary dividend percentage for Simon Property Group's distributions?

Approximately 98.6% of Simon Property Group's distributions are classified as taxable ordinary dividends.

What is the total distribution per share for Simon Property Group's preferred stock (SPG.PRJ)?

The total distribution for Simon Property Group's 8.375% Series J cumulative redeemable preferred stock (SPG.PRJ) is $4.1875 per share.

When was the press release about Simon Property Group's 2022 distributions issued?

The press release regarding Simon Property Group's 2022 distributions was issued on January 17, 2023.