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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

Post by cpacon Nov 25, 2022 1:11pm
198 Views
Post# 35128530

Highly Sus

Highly SusThere are so many funky things going on with the record... if not for FX gains, gains on settlements of derivative instruments and changes in fair value... which collectively were over $6M for the quarter... the quarter would have been very disappointing... as this are one of items and can even go the other direction at times, that's a real concern.  It's also super disappointing that even after the rights offering, the sale of Bullfrog won't even knock out half the debt at this point... that's why the stock continues to crater even after a supposedly 'great' quarter.
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