Simon Property Group: Cheap Dividend Growth

(7min)

Summary

  • Simon Property Group offers a well-covered dividend at a high yield and trades at a discount to NAV, making it attractive for both dividend and value investors.
  • Its diverse portfolio, strong market dynamics, and operating performance support its favorable outlook and growth potential in the retail real estate sector.
  • Despite high leverage, SPG's strong liquidity and low weighted average interest rate mitigate refinancing and debt expense risks.

Friends in the shopping mall

martin-dm/E+ via Getty Images

Simon Property Group, Inc. (NYSE:SPG), incorporated in 1960 and based in Indianapolis, IN, develops, owns, and manages retail properties with a large focus on malls nationwide.

This REIT is worth considering when it comes to retail

This article was written by

I am a self-taught value investor focusing on Equity REITs, banks, LETFs, and special-situation opportunities. My goal is to generate above-average returns with below-average volatility.

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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