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Simon Property Group Inc.

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Shares of Simon Property have outperformed its industry over the past six months. In December, it announced the launch of California's first 350 kW electric vehicle (EV) charging station at San Francisco Premium Outlets. Amid a strong economy and with an alluring range of deals, festive activities, dining and entertainment options at its properties, the company’s properties witnessed a 2% uptick in traffic from its comparable period a year earlier during the beginning of the holiday shopping season. Notably, it has a diversified exposure to retail assets in the United States and abroad. It has a strong and improving balance sheet and is poised to gain from new development, redevelopment, expansion and acquisition efforts. Yet, the implementation of such measures requires a decent upfront cost and therefore, may limit any robust growth in its near-term profit margins. Rate hike has added to its woes.


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