Simon Property Group Inc T.SPG

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

Real Estate REIT - Retail

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

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Post by GoodMonkeyon Mar 14, 2022 12:39pm

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Post# 34512039

SPG will likely default on its debt

Senior lenders will most likely ask SPG to repay their debt.

SPG is also overvalued and everyone has been selling their unprofitable companies/overvalued stocks since the beginning of 2022, this trend will accelerate within the next few weeks.
40-50 cents could represent a fair market cap and a fair value for this stock . Possibly a good entry point.

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