Simon Property Group is a REIT specializing in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets.
What type of REIT is Simon Property Group?
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.
Is Simon Malls publicly traded?
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers.
…
Simon Property Group.
| Type | Public company |
|---|---|
| Traded as | NYSE: SPG S&P 100 component S&P 500 component |
| ISIN | US8288062081 |
| Industry | Real estate investment trust |
| Founded | 1993 |
Is SPG a good investment?
Out of 15 analysts, 10 (66.67%) are recommending SPG as a Strong Buy, 2 (13.33%) are recommending SPG as a Buy, 3 (20%) are recommending SPG as a Hold, 0 (0%) are recommending SPG as a Sell, and 0 (0%) are recommending SPG as a Strong Sell. What is SPG’s earnings growth forecast for 2022-2024?
What sector is SPG?
Key Data
| Label | Value |
|---|---|
| Exchange | NYSE |
| Sector | Consumer Services |
| Industry | Real Estate Investment Trusts |
| 1 Year Target | $168.50 |
Is Public Storage a REIT?
Public Storage, a member of the S&P 500 and FT Global 500, is a fully integrated, self-administered, and self-managed REIT that primarily acquires, develops, owns, and operates self-storage facilities.
Who owns Simon Property?
Herbert Simon (real estate)
| Herbert Simon | |
|---|---|
| Nationality | American |
| Alma mater | City College of New York (B.B.A) |
| Occupation | Chairman emeritus of the Simon Property Group |
| Known for | Real Estate Development Indiana Pacers owner |
Is Prologis a REIT?
Prologis is the largest REIT focused on industrial properties. It owns modern logistics facilities in high-barrier, high-growth markets that support business-to-business commerce and retail/online fulfillment. The company has two main revenue sources: rental and strategic capital.
When did Simon Property Group go public?
1993: MSA goes public with $840 million IPO, forming Simon Property Group (SPG). 1994: David Simon, son of Melvin, becomes president and chief executive officer of Simon Property Group (SPG).
How can I invest in REIT in India?
REITs are listed and traded on stock markets just like Exchange Traded Funds (ETFs), as a result, purchasing units on the stock market is the best way to invest. Thus, a Demat Account is mandatory for investing in REITs in India.
What properties does Simon Property Group own?
California
- Brea Mall.
- Camarillo Premium Outlets.
- Carlsbad Premium Outlets.
- Del Amo Fashion Center.
- Desert Hills Premium Outlets.
- Fashion Valley Mall.
- Folsom Premium Outlets.
- Gilroy Premium Outlets.
Is SPG buying 2021?
Also, the recent trend in the 2021 FFO per share estimate revision indicates a favorable outlook for SPG as it moved nearly 1% up to $10.33 over the past week. This Zacks Rank #2 (Buy) stock is likely to rally further in the near term on a number of favorable factors.
Will SPG stock go up?
Stock Price Forecast
The 18 analysts offering 12-month price forecasts for Simon Property Group Inc have a median target of 160.00, with a high estimate of 200.00 and a low estimate of 150.00. The median estimate represents a +22.92% increase from the last price of 130.17.
Is SPG stock overvalued?
Price to Book Ratio
PB vs Industry: SPG is overvalued based on its PB Ratio (14.5x) compared to the US REITs industry average (1.9x).