Simon Property Group (SPG) has had plenty of headline risk over the past five months as the COVID-19 pandemic spread across the United States. Investors have also been taken on a wild ride, as shares have swung between a 52-week high of $165 and a low of $42. These are certainly unprecedented times in modern history, and investors are rightfully skittish about the company under these circumstances. However, I believe shares are worth substantially more than the current market price, and in this article, I will model out various scenarios and show you why, so