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.

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Simon Property Group Inc > Case study in management having their heads up their own a$$

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Comment by Ernieandberton Dec 15, 2021 11:20am

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RE:RE:RE:Case study in management having their heads up their own a$$

FOMC is always at 2pm, not 1:30pm and I doubt anyting they say or do will affect SPG. At $1.30's it is a screaming buy...think about it...if you own stock you get to buy more thru Rights Offering at $1.20 but only .44 of 1 share. Or you can buy if outright at $1.35 for a full share? Huge arbitrage. They priced this for dilution with stock value around $2.10 (coincidentally where Insiders last bought stock) so with 44% dilution, you get to $1.20. Spot on. Not sure sellers understand the math here...

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle