Is Simon Property Group (SPG) Offering Value After Recent Share Price Weakness
- If you are wondering whether Simon Property Group at around US$186.82 is offering good value today, looking past the headline share price and into the underlying valuation drivers can help clarify the picture.
- The stock has seen mixed returns, with a 3.1% decline over the last 7 days and a 5.1% decline over 30 days, set against a 1.5% gain year to date and a 17.5% return over the last year, while the 3 year and 5 year returns are very large.
- These price moves sit against a backdrop of ongoing attention on large retail REITs and how investors view income generating commercial real estate in a higher rate setting. Recent commentary has focused on how mall focused owners are managing balance sheets, occupancy and redevelopment projects….
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