Simon Property Group Thriving Despite Retailers' Troubles
Simon Property Group (NYSE: SPG) is generating record levels of earnings and cash flow, but you'd never guess that if all you were looking at was the company's stock price. It's down more than 20% from its 52-week high, and down even further from the all-time high it set in 2016.
As an owner and operator of shopping malls, the real estate investment trust (REIT) has been fighting a sea of negative headlines about the struggles of brick-and-mortar retail for several years as mall foot traffic has dropped and shopping online has gained popularity.
While Simon's financials have held up so far, investors are worried.
Source Fool.com
