Simon Property Group, Inc. (NYSE:SPG)
A self-administered and self-managed real estate investment trust, engaged primarily in the ownership, development, and management of retail real estate, primarily regional malls, Premium Outlet® centers and community/lifestyle centers.
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Simon has a fabulous mall in downtown Indpls which is my former home. They just erected an even more fabulous mall across from my current home in Estero, FL. Maybe their best ever. Vote for what you love!
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Gets a nice piece of retail sales from participation in sales as part of thier lease agreements. Gift card profitability. Always on lookout for buyouts
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upward bound
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Likely takover target
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The Chelsea acquisition was the smartest thing these guys pulled off. Woodbury Commons and other Premium Outlet malls are unbelievable profit centers.
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Good earnings growth rate.
Modest dividend yield.
Good earnings per share
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Owns a lot of valuable property and continues to rise
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