The Buy Thesis Simon Property Group (NYSE:SPG) is trading cheaper than normal on both a relative and absolute basis, while its fundamentals have improved materially. As market lease rates rise well beyond current lease rates, the largest mall landlord is poised for long-term earnings growth. In this article, we will examine: Fundamental changes to the mall landscape SPG's financials/earnings/leasing Valuation Let's get to it. Malls are back in style I will open with a conjecture as to why I suspect malls ...