Simon Property Group Likely To Face Headwinds But Remains A BUY

Dec. 01, 2023 11:26 AM ETSimon Property Group, Inc. (SPG) StockSPG

Summary

  • SPG is a high quality REIT which is likely to face some short-term as well as long-term headwinds.
  • Nonetheless, the company is well positioned for the current high interest environment.
  • I discuss these headwinds and my outlook for the stock.
  • This idea was discussed in more depth with members of my private investing community, High Yield Landlord. Learn More »

Friends in the shopping mall

martin-dm

Dear readers,

Simon Property Group (NYSE:SPG) is a shopping mall (and premium outlet) REIT with 90% of operations in the U.S. and 10% internationally.

This is no doubt one of the higher quality REITs out there and as

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This article was written by

4.76K Followers

David Ksir has extensive private equity experience in finance and European real estate. He manages a small 8-figure family office focused on generating reliable dividend income through value investing.

David also contributes to the High Yield Landlord which is led by Jussi Askola and has a team of 5 other top Seeking Alpha REIT and income analysts. They help investors become passive landlords with their 8% yielding real estate portfolio. Service features include: three portfolios (core, retirement, international), community through chat room, buy/sell alerts, and educational content.

Disclosure: I am associated with another SA contributor Deep Value Explorer.

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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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