#United States #Indianapolis #REIT #Tax Reporting #Simon Property

Simon Property Group Announces 2024 Tax Reporting Information

On January 21, 2025, Simon Property Group, a leading real estate investment trust (REIT), disclosed its tax reporting information for the year-end distributions of 2024. This announcement presents crucial financial details for shareholders and potential investors about the anticipated dividends and capital gains.

A Breakdown of Distributions

Simon operates premier shopping, dining, and entertainment venues, and its recent report indicates a proactive approach to keeping its investors informed. For the calendar year of 2024, the group revealed specific details about its common stock dividends, which include:

• - Total Distribution per Share: $8.10
• - Taxable Ordinary Dividends: Accounting for 99.4% of total distributions at approximately $8.050590.
• - Qualified Dividends: A total of $0.528501, which is included within the taxable ordinary dividends.

The timetable for these distributions has been established across quarterly payment dates:

• - Payment Dates: March 29, June 28, September 30, and December 30 of 2024.

This structured approach not only reassures current shareholders about their returns but also illustrates the company's stability and commitment to providing value for its stakeholders.

Preferred Stock Announcements

In addition to the common stock distributions, Simon Property Group also detailed the distributions for its 8.375% Series J Cumulative Redeemable Preferred Stock. The significant highlights of these preferred shares include:

• - Total Distribution per Share: $4.187500
• - Taxable Ordinary Dividends: Also at 99.4% totaling around $4.161956, demonstrating similar financial health across both classes of stock.
• - Quarterly Payment Dates: Set for the same dates as the common stock commencing on March 29 and concluding on December 30, 2024.

Tax Guidance for Shareholders

Notably, Simon Property Group has ensured that its shareholders understand the tax implications of their dividends. The Section 199A dividends are eligible for a 20% deduction for qualifying taxpayers, promoting an investment-friendly environment.

Investors are advised to consult with their tax advisors for guidance on the implications of these distributions and how to account for them during their tax filing.

Conclusion

Simon Property Group’s commitment to transparent communication highlights its ongoing dedication to shareholder satisfaction and investment health. This announcement serves as a key reminder of the importance of understanding dividend distributions and tax treatments in the real estate sector. As the group continues to thrive amid changing economic landscapes, its operational strategy remains focused on providing robust returns and maintaining strong shareholder relationships.