Why Simon Property Group Popped 13.1% This Week
Shares of real estate investment trust (REIT) stock Simon Property Group (NYSE: SPG) jumped 13.1% in the first four trading days of the week, according to data provided by S&P Global Market Intelligence, driven by a strong earnings report.
The performance of this mall owner has been simply outstanding coming out of the pandemic. In the third quarter of 2021, net income jumped from $145.9 million a year ago to $679.9 million, or $2.07 per share. Funds from operations were $1.18 billion, or $3.13 per share, up 52.7% from a year ago.
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Source Fool.com
