
"SPG: Premier mall REIT at P/E 19, targeting higher-income shoppers less affected by trade war tariffs. Luxury tenants (Gucci, LV, Tiffany's) drive foot traffic. $3B FCF covers debt obligations. Unique model with stake in Catalyst Brands. 5.7% dividend yield with strong growth history. Buy below P/E 20."
Simon Property Group (SPG)
Pacific Northwest Edge
April 16, 2025
Stock Idea