4.59765
Shares Owned
$500
Cost Basis
-$210.35 (-42.07%)
Total Gain/Loss
$0
Earned Dividends
Company Overview
Simon Property Group, Inc. is an American commercial real estate company, the largest retail real estate investment trust (REIT), and the largest shopping mall operator in the US. The company operates five retail real estate platforms: regional malls, premium outlet centers, The Mills, community/lifestyle centers and international properties. It owns or has an interest in more than 325 properties comprising approximately 241,000,000 square feet of gross leasable area in North America and Asia. The company is headquartered in Indianapolis, Indiana and employs more than 5,000 people. – Wikipedia
Why SPG?
SPG has an enormous portfolio of malls and luxury shopping outlets. Although traditional mall setups are on the way out, SPG has focused on turning its spaces into experience focused and high end shopping centers. In doing so, it will enable the company to survive the “Retail Apocalypse” formed in the wake of Amazon.com.
Change Log
Invested = $500 ; Purchased = 4.59765 shares @ $108.75
March 10, 2020
*New Position Started*