Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.
http://www.simon.comSimon Property Group, Inc. - the largest independent real estate investment trust (REIT, Real Estate Investment Trust) in the United States. The company invests and manages large commercial real estate - from shopping and business centres to restaurants. Major investments are directed not only to the North American market, but also to Europe and Asia. It now owns more than 230 real estate properties with a total area of over 22.4 mn m2, and the number of employees exceeds 3,300. The corporation also owns a series of subsidiaries: Simon Malls, Premium Outlets, The Mills, Kravco and others.
Based on the results of the 2021 financial year:
IPO and securities
The company's founders began with the construction of shopping centres back in the 1960s. In 1993, the company carried out an initial public offering of shares. The IPO was so successful that it is still considered the largest in the history of real estate investment trusts.
The shares are listed and traded on the New York Stock Exchange under the ticker SPG. Now they are a component of the two most famous stock indices - the S&P 500 and S&P 100. The company also regularly pays dividends.
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