Simon Property Group Inc. (SPG - Free Report) has made the announcement of the impending arrival of French high fashion luxury goods manufacturer Hermes and the French luxury goods conglomerate company Cartier, at the Stanford Shopping Center. This reflects the efforts of the Indianapolis, IN-based retail real estate investment trust (“REIT”) to meet the requirements of the sophisticated clients that visit the center.
Simon Property is engaged in acquiring, owning and leasing a diverse portfolio of shopping malls. Stanford Shopping Center is a premier shopping and dining destination with presence of many top retailers. It offers excellent shopping experience to the visitors.
Hermes, which is slated to open in late 2017 or early 2018, will occupy a 6,000-square-foot area in the heart of the newly transformed center. Cartier will open this fall adjacent to Hermes. Notably, Stanford Shopping Center welcomed many top retailers during the summer of 2016.
Simon Property currently has a Zacks Rank #3 (Hold). Over the past 30 days, Simon Property’s current quarter estimates have remained stable.
Equinix, Inc. (EQIX - Free Report) currently sports a Zacks Rank #1 (Strong Buy). The long-term growth (3 to 5 years) is projected at 16.9%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Both American Assets Trust, Inc. (AAT - Free Report) and EPR Properties (EPR - Free Report) presently carry a Zacks Rank #2 (Buy). The long-term growth rates (3 to 5 years) of these two companies are projected at 6.3% and 7.1%, respectively.
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