Where Will Simon Property Group Be in 1 Year?
Shares of mall-focused real estate investment trust (REIT) Simon Property Group (NYSE: SPG) have been cut in half in 2020. The big picture is COVID-19, which came on top of the already difficult "retail apocalypse." It's pretty simple to say where Simon will be in a year from a big-picture perspective, but the important information is in the finer details.
Leading up to 2020, the big story in the mall sector was the retail apocalypse. There's a lot in that term, but basically: Heavily leveraged retailers that weren't able to keep up with consumer tastes, including an increasing desire to shop online, were falling behind their peers. Many were pulling back by shutting stores or, worse, going bankrupt. The key, however, is that this trend is bigger than online shopping destroying brick-and-mortar stores. Indeed, there are plenty of physical stores in expansion mode.
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Source Fool.com
