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Is Simon Property Group a Buy?

TheMotleyFool

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Is Simon Property Group a Buy?Photo, wide shot, wide-angle lens, Bank, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/094456a7-d529-4ef2-b536-c031f2afd618.png

The COVID-19 crisis has been particularly hard on the real estate investment trust (REIT) sector, with mortgage REITs, mall/retail REITs, and lodging REITs hit particularly hard. Of all the mall REITs, Simon Property Group (NYSE: SPG) is probably the best run and has managed to navigate the crisis and remain profitable.

That said, revenue and earnings are down 30% and the company still has a litigation headache with its failed merger with Taubman Centers (NYSE: TCO).

So is Simon Property Group stock a buy?

Source Fool.com

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