Simon Property Soars 17.4% Year to Date: Will the Trend Last?
Simon Property(SPG) ZACKS·2024-10-09 01:58
Shares of Simon Property Group (SPG) have soared 17.4%% in the year-to-date period compared with its industry’s growth of 7.8%.This retail real estate investment trust’s (REITs) portfolio of premium retail assets in the United States and abroad, the adoption of omnichannel retailing, focus on mixed-use developments and healthy balance sheet strength have enabled it to ride the growth curve so far. Image Source: Zacks Investment Research Let us now decipher the factors behind the increase in the stock price ...