INDIANAPOLIS, June 21, 2021 /PRNewswire/ -- Simon, a
global leader in the ownership of premier shopping, dining,
entertainment and mixed-use destinations, today announced a 7.7%
increase in its common stock dividend for the second quarter
2021.
Simon's Board of Directors has declared a $1.40 per common share dividend, payable in cash,
for the second quarter 2021. The dividend will be payable on
July 23, 2021 to shareholders of
record at the close of business on July
2, 2021.
Forward-Looking Statements
Certain statements made in this press release may be deemed
"forward–looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Although the Company
believes the expectations reflected in any forward–looking
statements are based on reasonable assumptions, the Company can
give no assurance that its expectations will be attained, and it is
possible that the Company's actual results may differ materially
from those indicated by these forward–looking statements due to a
variety of risks, uncertainties and other factors. Such factors
include, but are not limited to: uncertainties regarding the impact
of the COVID-19 pandemic and governmental restrictions intended to
prevent its spread on our business, financial condition, results of
operations, cash flow and liquidity and our ability to access the
capital markets, satisfy our debt service obligations and make
distributions to our stockholders; changes in economic and market
conditions that may adversely affect the general retail
environment; the potential loss of anchor stores or major tenants;
the inability to collect rent due to the bankruptcy or insolvency
of tenants or otherwise; the intensely competitive market
environment in the retail industry, including e-commerce; an
increase in vacant space at our properties; the inability to lease
newly developed properties and renew leases and relet space at
existing properties on favorable terms; our international
activities subjecting us to risks that are different from or
greater than those associated with our domestic operations,
including changes in foreign exchange rates; risks associated with
the acquisition, development, redevelopment, expansion, leasing and
management of properties; general risks related to real estate
investments, including the illiquidity of real estate investments;
the impact of our substantial indebtedness on our future
operations, including covenants in the governing agreements that
impose restrictions on us that may affect our ability to operate
freely; any disruption in the financial markets that may adversely
affect our ability to access capital for growth and satisfy our
ongoing debt service requirements; any change in our credit rating;
changes in market rates of interest; the transition of LIBOR to an
alternative reference rate; our continued ability to maintain our
status as a REIT; changes in tax laws or regulations that result in
adverse tax consequences; risks relating to our joint venture
properties, including guarantees of certain joint venture
indebtedness; environmental liabilities; natural disasters; the
availability of comprehensive insurance coverage; the potential for
terrorist activities; security breaches that could compromise
our information technology or infrastructure; and the loss of key
management personnel. The Company discusses these and other risks
and uncertainties under the heading "Risk Factors" in its annual
and quarterly periodic reports filed with the SEC. The
Company may update that discussion in subsequent other periodic
reports, but except as required by law, the Company undertakes no
duty or obligation to update or revise these forward-looking
statements, whether as a result of new information, future
developments, or otherwise.
About Simon
Simon is a global leader 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