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 > Lots of Interest in SPG

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Comment by Ernieandberton Feb 01, 2022 4:04pm

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Post# 34386744

RE:RE:Lots of Interest in SPG

Anyone wonder why a hedge fund came in to buy $10mm worth of stock? Answer - 1) It is super cheap and 2) They wouldn't get liquidity to buy it in the open market. So who is selling? Looks like small retail sellers. My best guess is this thing goes to $2.65 which is 8x Ebitda given PF this stock raise. These guys will be paying down a fair bit of debt (Prom Notes and even some of the CF) and then will ahve ample working capital to operate the business. Gone in 12-18mos imo.

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