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Simon Property Group (LTS:0L6P) Other Liabilities for Insurance Companies


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What is Simon Property Group Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


Simon Property Group Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (LTS:0L6P) » Definitions » Other Liabilities for Insurance Companies
Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 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 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.