Simon Property Group (SPG) Misses Q2 EPS by 15c, Revenues Miss
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Simon Property Group (SPG) Exploring Turning Mall Anchor Stores Into Amazon (AMZN) Fulfillment Centers - WSJ
August 10, 2020 6:23 AM EDTAmerica's largest mall owner, Simon Property Group (NYSE: SPG), has been exploring the possibility of turning some defunct anchor department stores, like Sears and J.C. Penney, into Amazon (NASDAQ: AMZN) fulfillment centers, the Wall Street Journal... More
Top U.S. mall operator Simon faces pandemic pain
August 10, 2020 1:13 AM EDTBy Uday Sampath Kumar and Lisa Baertlein
(Reuters) - Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began.
Simon Property Group (NYSE: SPG), the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the plunge in foot traffic and early government-mandated closures resulted in tenants being unable or unwilling to pay full rent.
... MoreWall Street Week Ahead: Bargain-hunters look to U.S. real estate stocks as S&P nears records
August 7, 2020 5:02 PM EDTBy David Randall
NEW YORK (Reuters) - As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut in half this year.
Coronavirus-fueled lockdowns and a major shift toward working from home have weighed on residential and retail U.S. real estate investment trusts. The sector has slid 7% this year compared with a 3% gain on the S&P 500.
Yet investors say stocks in the sector could jump if a coronavirus vaccine loosens the pandemic's hold on the U.S.... More
