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Simon Property Group Inc T.SPG


Primary Symbol: SPG Alternate Symbol(s):  SPG.PR.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

Bullboard Posts
Post by cowfaceon Aug 16, 2019 4:36pm
160 Views
Post# 30038149

Pretty good quarter

Pretty good quarterRevenue way up, bottom line kind of meh mainly due to SG&A and more capex (which they said won't be repeated next quarter, but they said that last quarter, too), but that's all fine with me if they're investing in growth. Some interesting tidbits in the conference call about their plans. Sounds like more acquisitions are ahead this year, after which they'll be finished in Canada and focus will shift to growing in the US. Planning to "add equity" soon to reduce leverage. I'm not sure how they can issue shares at this price, but we'll see. Overall things seem to be on track. Very curious to see what's in store for the rest of 2019.
Bullboard Posts