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

Simon Property Group Inc > 5 Top Picks for 2023 – A Levered Turnaround Story...

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Comment by Andsaskatoonon Jan 11, 2023 3:09pm

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Post# 35216600

RE:5 Top Picks for 2023 – A Levered Turnaround Story...

Nice post - they trade for more than 1x though I think you need to add the debt

SPG should be worth >$1.50 but needs some impotus/excitement to move, which is the thing Spark has been the worst at since they went public. And that says a lot because they've made a ton of mistakes.

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