US8288061091 - REIT
SIMON PROPERTY GROUP INC
NYSE:SPG (12/6/2023, 9:03:54 AM)
132.24
+1.46 (+1.12%)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and The Mills. The company is headquartered in Indianapolis, Indiana and currently employs 2,500 full-time employees. The firm owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills. The company owns or holds an interest in approximately 196 income-producing properties in the United States, which consists of 94 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. The company also holds an interest in 24 regional, super-regional, and outlet malls in the United States and Asia. In addition, it has redevelopment and expansion projects, including the addition of anchors, big box tenants and restaurants, underway at several properties in the North America, Europe and Asia. Internationally, it has ownership in 34 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.
SIMON PROPERTY GROUP INC
225 W Washington St
Indianapolis INDIANA 46204
P: 13176361600.0
CEO: David Simon
Employees: 2500
Website: https://www.simon.com/
While the practice offers no guarantee, targeting stocks with insider buying gives you the confidence of alignment of interests.
Going contrarian with rising rates and the chip sector downturn could end up being a great long-term call for patient investors.
These REITs are out of favor, but they offer attractive yields backed by industry-leading companies.
Simon stressed in its latest earnings call that investments have to compete against buybacks.
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