This A Rated REIT Just Increased Their Dividend Offering a 7% Current Yield

Introduction to SPG

According to the company’s investor relations page on this REIT, Simon Property Trust (SPG) is

… a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company. [Its] properties across North America, Europe, and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

The founder-led company was incorporated as a REIT in 1986 and has been in business for 37 years. SPG’s portfolio as of December 2022 includes direct ownership of 196 income-producing properties in the United States: 94 traditional malls, 69 premium outlets, 14 Mills centers, 6 lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. 12 months prior to the pandemic, Simon’s portfolio averaged $693 in sales per square foot; it is now $759.

The company has international business ventures too. SPG has a 21% stake in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries including Australia, Canada, France, Germany, Mexico, Japan, Korea, Thailand, and Malaysia.

FAST Graphs Analyze Out Loud Video On Simon Property Trust