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Simon Property Group Inc T.SPG


Primary Symbol: SPG Alternate Symbol(s):  SPG.P.J

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. It owns or holds an interest in approximately 195 income-producing properties in the United States, which consists of 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. It 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, the Company has ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.


NYSE:SPG - Post by User

Simon Property Group Inc > Ex bullfrog numbers?
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Comment by Ernieandberton Dec 28, 2022 8:26pm
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Post# 35194608

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ex bullfrog numbers?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Ex bullfrog numbers?Yes they had a WC problem but that was if their own making.  Apparently they have rationalized a lot of field offices which will help but the real need is to release the A/R and contract asset WC.  HQ lease was Sparaga's ego at work and now he and all shareholders are paying for it.   I doubt very much there will be any further accounting issues as they are now reviewed monthly by auditor and this new cfo (talk to him if you haven't) is on it comoared to ardilla who was a disaster.  Also talk to ceo as he is a real block and tackle guy who is an operator.  These three founders were not and Jackson has had to dig out,..which I believe he has 
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