TCO - Wild 2 Weeks For Simon Property Group Shouldn't Obscure The Deteriorating Fundamentals
- SPG had a volatile two weeks driven by multiple news stories.
- Collections are still below normal leading to SPG paying a dividend beyond its operating cash flow.
- Occupancy rate was at a 10 year low which is a significant indicator for future FFO.
- The Taubman acquisition does not improve any of the above metrics.
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Wild 2 Weeks For Simon Property Group Shouldn't Obscure The Deteriorating Fundamentals