2024-01-24 08:10:00 ET
Summary
- Simon Property Group has had a solid-performing run over the past year but remains undervalued and well below normal valuation.
- SPG's operating fundamentals have shown continued strength and tenant demand remains strong, especially among luxury retailers.
- SPG remains an appealing value and income stock, with a strong balance sheet, attractive dividend yield of 5.4%, and potential for long-term growth.
It's been a while since I last visited Simon Property Group ( SPG ) here with a 'Strong Buy' rating back in May of last year, and I'm glad I stuck with my buy and hold thesis on the stock over this time....
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For further details see:
Simon Property: Buy For The Strong Value Proposition