What does Simon Property Group do?
Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills.
Is Simon Property Group A Good Investment?
Without much doubt, Simon Property Group is one of the best picks in the mall REIT sector and although SPG – as well as almost all its peers – don’t have any economic moat around the business, the stock could be interesting as an investment nonetheless.
What retailers does Simon Property Group own?
But since the pandemic began, Simon has jointly purchased retailers Brooks Brothers and Lucky Brand Jeans out of bankruptcy via a partnership with New York City-based Authentic Brands Group called SPARC Group LLC. The joint venture absorbs troubled retailers at reduced overhead costs.
Where is Simon Property Group headquarters located?
Indianapolis, INSimon Property Group / HeadquartersIndianapolis, colloquially known as Indy, is the state capital and most-populous city of the U.S. state of Indiana and the seat of Marion County. According to the United States Census Bureau, the consolidated population of Indianapolis and Marion County in 2020 was 977,642. Wikipedia
Is Simon Property Group in trouble?
Occupancy fell from 94.7% in Q3 2019 to 91.3% by year-end 2020. In 2021, Simon said goodbye to two malls in Georgia and Montgomery, Alabama, letting them go to foreclosure while handing over the keys to additional properties in Ohio and Wisconsin, both strategic moves to reduce debt and mitigate losses.
What type of company is Simon Property Group?
managed real estate investment trust
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills.
Is SPG buying 2021?
Out of 13 analysts, 9 (69.23%) are recommending SPG as a Strong Buy, 1 (7.69%) are recommending SPG as a Buy, 3 (23.08%) are recommending SPG as a Hold, 0 (0%) are recommending SPG as a Sell, and 0 (0%) are recommending SPG as a Strong Sell.
How many properties does Simon Property Group have?
232 properties
It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties comprising approximately 241,000,000 square feet (22,400,000 m2) of gross leasable area in North America and Asia.
Who is the CEO of Simon Property Group?
David Simon (1995–)Simon Property Group / CEO
How do I contact Simon?
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- Email: [email protected].
Who owns Simon Group?
Herbert Simon (real estate)
| Herbert Simon | |
|---|---|
| Alma mater | City College of New York (B.B.A) |
| Occupation | Chairman emeritus of the Simon Property Group |
| Known for | Real Estate Development Indiana Pacers owner |
| Spouse(s) | Sheila Simon (divorced) Diane Meyer (divorced) Porntip Bui Nakhirunkanok |
Is Simon Property Group undervalued?
Simon Property Group appears undervalued at current market prices.