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SPG Group Falls After Hours on Q2 Misses

TheMotleyFool

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SPG Group Falls After Hours on Q2 MissesPhoto, wide shot, wide-angle lens, Clothing manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/7d69264d-49b2-466c-9987-b2706836d522.png

Now is not the ideal time to be invested deeply in the retail sector. Yet another piece of evidence supporting that outlook came after hours on Monday, with the top mall operator in the U.S. delivering a set of quarterly results that missed analyst estimates.

For its Q2 of fiscal 2020, retail real estate investment trust (REIT) Simon Property Group (NYSE: SPG) experienced a 24% year-over-year decline in its revenue to $1.06 billion.

Image source: Getty Images.

Source Fool.com

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