Retail REIT Simon Property Group (SPG) recently announced that it would not be cutting its dividend by more than 50%. And considering the company's robust balance sheet, it probably won't need to. Clearly, the coronavirus has made a bad situation worse, as the shift to online shopping (and away from brick-and-mortar retailers) has accelerated. Despite the gloom and doom, we believe stronger mall REIT players such as SPG will survive and will be a source of attractive income potential for investors during and after the pandemic.
Overview
SPG is a self-managed real estate investment trust