Valued at a market cap of $53.7 billion, Simon Property Group, Inc. (SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops, and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, and The Mills.
Shares of the REIT have slightly underperformed the broader market over the past 52 weeks. SPG has risen 10.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.5%. Moreover, shares of SPG are down 4.5% on a YTD basis, compared to SPX’s 1.4% return.
