31 Followers USX:SPG - Simon Property Group Inc Simon Property Group Inc
Sector: Real Estate, Industry: Retail REITs
Next Earnings: 30 Apr 2024
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USD 154.33    +3.66 (+2.43%)

27 Mar 2024


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General

CEO: Mr. David E. Simon

IPO: 1993-12-13

Headquarters: US

Employees: 2,500

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Description

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.

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