Simon Property Group Inc logo

Simon Property Group Inc

MEX:SPG (USA)  
MXN 2405.00 (0%) Apr 23
14.49
P/B:
15.72
Market Cap:
MXN 802.99B ($ 47.03B)
Enterprise V:
MXN 1.22T ($ 71.52B)
Volume:
-
Avg Vol (2M):
403.00
Also Trade In:

Business Description

Description
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.