Don't Wait for the Market Crash to Buy This Dividend Stock

Given the ongoing shift toward online shopping, a lot of investors have given up on malls. Indeed, Simon Property Group's (NYSE: SPG) stock is down some 40% from its 2016 highs. It also ended up cutting its dividend nearly 40% during pandemic-hit 2020. And you still might want to buy this real estate investment trust (REIT) now. Why? It looks like things are starting to get better, which history suggests will be a big win for investors.

When it comes to malls, the big story is that consumers are shifting to the internet. That's the underpinning of the hyperbolic retail apocalypse theme. Only there's more nuance here than meets the eye. While it is true that online shopping is expanding at the expense of physical retail, the retailers facing the biggest problems are the ones that haven't kept pace with consumer trends and that have allowed themselves to get over leveraged. In other words, it is weak financial performance and too much debt that has really taken most retailers down.

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Source Fool.com