Indianapolis-based Simon Property Group, Inc. (SPG) operates as a retail REIT focused on owning premier shopping, dining, entertainment and mixed-use destinations. Valued at $55.8 billion by market cap, Simon owns 250+ iconic properties across North America, Europe, and Asia providing community gathering places for millions of people every day.
Companies worth $10 billion or more are generally described as “large-cap stocks,” Simon fits this bill perfectly. Given the company’s extensive operations and property holdings, its valuation above this mark is unsurprising.
