If You Invested $10,000 in Simon Property Group Before the Pandemic, Here's How Your Shares Look Now
Being declared a non-essential business during the pandemic was a death knell for the retail industry, with 31% more bankruptcies so far in 2020 than there were for all of last year. It won't be surprising then to learn that mall operator Simon Property Group (NYSE: SPG) hasn't fared all that well either.
Because shopping malls were already ailing well before the COVID-19 outbreak due to changing consumer shopping habits, Simon has been trying to prop up its retail tenants to keep the situation from getting worse. It's a strategy fraught with risk.
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Source Fool.com
