Worldwide retailers need to grow, and they’re doubling down on the US. Outpacing e-commerce across the world and the broad retail spectrum, demand for our space is extremely strong. View the complete list of all shopping centers worldwide that Simon Property Group owns or has an interest in, organized by country and state. Brick-and-mortar stores are where the shoppers want to be. “The higher-income consumer is in good shape. malls and premium outlets rose to 93.9 percent as of the end of the quarter on June 30, up from 91.8 percent a year ago.ĭuring the first half, the company signed more than 2,200 leases for more than 7 million square feet, with about 40 percent of that coming from new deals. Simon’s second-quarter net income slipped to $496.7 million from $617.3 million - a drop that can be attributed to a $17.9 million noncash mark-to-market loss on equities in the most recent quarter and a noncash gain of $118.4 million from the reversal of a deferred tax liability a year ago.Ĭomparable funds from operations - a standard yardstick in real estate - inched up to $1.111 billion from $1.098 billion. Get the latest Simon Property Group Inc (SPG) real-time quote, historical performance, charts, and other financial information to help you make more. “We are not over our skis in any aspect of our business.” “We are experienced at managing our business through volatile periods, including leveraging our existing platform for operating efficiencies, allocating capital appropriately, managing risks,” he said. Sales have also softened at the value-oriented brands such as Aéropostale and Forever 21 as those consumers struggle with inflationary pressures.Īll in all, the CEO said business was good and that his company was ready for any volatility. Penney and integrate Reebok into the ABG platform. Simon said the retail investments have added to costs, including to launch new brands at J.C. More than real estate, we welcome guests with shopping, dining & entertainment across a unique mix of Simon Malls, Simon Premium Outlets & The Mills. “But please keep this in the proper perspective. “There will be a little more volatility from quarter-to-quarter when it comes to SPARC and J.C. Get the latest Simon Property Group, Inc SPG detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Slam Jam's Luca Benini on Why Streetwear Will Never Die View Simon Property Group, Inc SPG investment & stock information.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |