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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

Comment by Ernieandberton May 16, 2022 7:29am
127 Views
Post# 34685661

RE:RE:Who would have thought that releasing results on Friday PM..

RE:RE:Who would have thought that releasing results on Friday PM..1) Revenues grew 25% yoy.  Rather stunning growth
2) They guide to 48-49mm of SG+A which is about what they did in 2020 so that will snap margins back to where they were previously
3) That Going Concern Disclosure has to be in print given their credit facility is a current liability but irrelevant given they have about $25mm of WC, an increase of about 8mm qoq as the business grew.  If you haven't followed the fact pattern with BMO so far, just stop and think, all the equity they have raised so far ($5.5mm at $2.11 last summer and $40mm earlier this year at $1.20) ...BMO has not asked for one penny of it.  Hard to say anything other than BMO is being extremely accomodative.  You can wax on all you want but the facts don't lie.  
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