The COVID-19 crisis has been particularly hard on the real estate investment trust (REIT) sector, with mortgage REITs, mall/retail REITs, and lodging REITs hit particularly hard. Of all the mall REITs, Simon Property Group (NYSE: SPG) is probably the best run and has managed to navigate the crisis and remain profitable.
That said, revenue and earnings are down 30% and the company still has a litigation headache with its failed merger with Taubman Centers (NYSE: TCO).
So is Simon Property Group stock a buy?
Source Fool.com