Simon Property Group in 5 Charts
Real estate investment trust (REIT) Simon Property Group (NYSE: SPG) owns malls, and that's been a rough business lately, with retail store closures and bankruptcies filling the headlines. That trend even has a catchy, and frightening, nickname: the "retail apocalypse." Investor concern over the retail apocalypse is one of the key reasons why Simon's stock has fallen by a third from its 2016 highs. But don't count Simon out -- here are five charts that help show why it may be a diamond in the rough today.
There are only around 1,200 enclosed malls in the country, and a couple hundred outlet centers. Simon's roughly-200-mall portfolio spans both categories. Add in that it also owns foreign assets, and it is easily more diversified than most of its peers. However, just owning a lot of malls in different places isn't what sets Simon apart. It also happens to own well located assets, and as the old saying goes: location, location, location.
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Source Fool.com
