Its online retail platform, coupled with an omnichannel strategy, is likely to be accretive to its long-term growth. Simon Property’s adoption of an omnichannel strategy and successful tie-ups with premium retailers has paid off well. Additionally, its presence in international markets is likely to encourage sustainable long-term growth compared with its domestically focused peers. This retail REIT behemoth enjoys wide exposure to retail assets across the United States. Once these investments are complete/die down, I believe you’ll see their revenue increase and costs decrease, which is spike the stock price.Amid the recovery of the retail real estate industry, Simon Property Group’s SPG portfolio of premium assets in the United States and abroad, the adoption of omnichannel retailing and balance sheet strength position it well for growth. Now, $SPG is investing heavily into developing these new experiential shopping centers. This is pretty impressive in itself because around this time people were writing off malls. From 2017 to 2020 they stayed about the same price and steadily increased their dividend. Although, outside of the pandemic era, they are very consistent. $SPG stock growth recently is not going to blow your hair back. Many companies cut their dividend altogether, but $SPG stock simply halved theirs. The company is also very wise when times are tough, such as when COVID-19 broke out and they slashed their dividend. It offers a wonderful $1.65 quarterly dividend and given that finding tenants is becoming much less of concern with these new looks, you can count on that to stay the same or increase in the future. The $SPG stock needs to be in your dividend portfolio. Just for kicks, go to their website and see what they own and operate near you. The company’s revenues exceed $4 billion per year and they beat earnings sizably every quarter last year. It’s a family-owned company founded in 1960, but this is far from a mom-and-pop shop. Chances are, the mall you frequent belongs to them. However, that’s not all, that title also dives into outlets and apartment buildings too. Well, for starters they’re the largest owner of shopping malls in the United States. With new, expensive restaurants, breweries, shops and parks, these so-called malls don’t look like anything from 10 years ago. Ticker symbol $SPG is renovating shopping centers and making them into the very places that make people want to visit. Instead, they’re reinventing what their business and the word “malls” mean everywhere. The real estate company is not selling off their assets and calling it a day. What inspires me about Simon Property Group, besides their more than 5% dividend right now is what they’re actively doing. With booms in online shopping, who needs to waste time driving to a store and walking around hoping to find something worth buying when you can look from your living room? We all have fond memories of malls from our childhoods, but people have moved on, right? Wrong. It wasn’t too long ago that malls were a dying place. Past performance is not an indicator or guarantee of future success. These are opinions of Kelly Michael Skelton and do not reflect opinions of any brokerage firm or FINRA represented entities. Kelly Michael Skelton is not affiliated with FINRA or any investment firm. At the time of this blog, $SPG stock price was $131.34/share.
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