With a market cap of $65.3 billion, Simon Property Group, Inc. (SPG) is a self-managed REIT that owns, develops, and operates large-scale shopping, dining, entertainment, and mixed-use destinations across North America, Asia, and Europe. Through its operating partnership and strategic stakes in companies like Taubman Realty Group and Klépierre, it manages a vast portfolio of retail properties totaling over 183 million square feet globally.
Shares of the Indiana-based company have slightly underperformed the broader market over the past 52 weeks. SPG stock has increased 22.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 23.3%. However, shares of the company are up 8.5% on a YTD basis, slightly outpacing SPX’s 7.4% gain.
