Simon Property Group Is Defying Brick-and-Mortar Slump
Simon Property Group (NYSE: SPG), a real estate investment trust (REIT) that holds mostly malls in its portfolio, has seen its share price fall about 35% since it hit a high in August 2016.
Many investors are punishing the company for the challenging retail environment that has seen business at malls decline as people shop more online. Simon Property Group certainly has not been immune to high-profile store closings from the likes of Sears Holdings, Charlotte Russe, and Forever 21 over the last couple of years, but the key question is whether Simon Property Group can withstand the changes battering brick-and-mortar stores. Thus far it has dealt with the environment very nicely.
Image source: Getty Images.
Source Fool.com
