NYSE:SPGRetail REITs
Simon Property Group Ramps Up Buybacks And Redevelopment At Near Fair Value
Simon Property Group (NYSE:SPG) has authorized a $2b share repurchase program.
Veteran real estate executive Martin J. Cicco has been appointed to the company’s Board of Directors.
The company has launched a $250m redevelopment initiative for three premier retail properties acquired from Taubman Realty Group.
Simon Property Group enters these moves with its shares at $199.6 and a track record of strong multi year returns, including 16.6% over the past year and 138.3% over five years. Recent...