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I covered Simon Property Group, Inc. (NYSE:SPG) right before the new year, explaining that I thought it was the best option available to investors in the mall REIT sector. I also mentioned that I
Why Simon Property Group Is A Better Buy Than Macerich
Summary
- Simon Property Group and Macerich have both had a rough first half of 2022, as shares are down about 40% and 50% YTD respectively.
- Both REITs are cheap today, with Simon trading at 8.1x price/FFO and Macerich at 4.5x.
- I detail some of the red flags with Macerich and why I would rather own Simon today.
You can find me on Substack at Kontrarian Korner: CPA and former Big 4 auditor. I break down investments in qualitative and quantitative terms, and I look for investments that will compound my money over the long term.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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