Simon Property Group, Inc. (SPG) Stock Forecast

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Based in Indianapolis, Simon Property Group Inc. is a retailer that is one of the largest owners of high-end malls, outlet centres and lifestyle destinations in North America, Asia and Europe. In 2016, the company expanded its profile by investing in retail businesses of several well-known retail brands, including Reebok, Aeropostale, Nautica and Forever 21 through partnerships that include SPARC and ABG. Investments were rethinked after the pandemic after consumers began to return to outdoor retail spaces. In 2023, the company began selling its interest in retail brands, and in 2024 Simon sold the remaining interest in the ABG brand. The company still has positive joint venture profits, including 84% interest on Taubman Group and 22% interest on Paris-based real estate company SPARC. SPG also operates Simon Brand Ventures, which offers valuation and real estate services.

At the end of 2024, Simon owned or had an interest in approximately 233 properties, with approximately 12 million square feet of international rental space and 170 million square feet of domestic space. Last year, revenues were just under $6 billion, of which about 60% came from joint venture interest. At the end of 2024, approximately 82% of ports