Is the Worst Over for Simon Property Group?
It shouldn't come as a big surprise that being a mall operator hasn't exactly been a great business in 2020. Not only were virtually all U.S. malls forced to shut down as the pandemic worsened, but many of the largest mall-based retailers have declared bankruptcy in the months since the novel coronavirus outbreak reached the U.S.
With COVID-19 case numbers well below their peak but still at alarmingly high levels, and with the winter cold and flu season right around the corner, investors are wondering: Is the worst over for Simon Property Group (NYSE: SPG), the largest mall real estate investment trust?
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Source Fool.com
