Retail REITs: Steady consumer spending underpinned improved Q2 demand for shopping spaces [Seeking Alpha]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Seeking Alpha
In the retail space, net absorption - a measure of leased spaced – nearly doubled to 7.5 million square feet in Q2, after “somewhat of a lull” in Q1, Wells Fargo economists said in a report Tuesday. While conditions remain soft, most major property classes performed relatively well during the April-June period. “Steady consumer demand has kept the retail market in solid shape, underpinning 14 straight quarters of firmly positive demand for retail space,” Charles Dougherty, senior economist at Wells Fargo, said. The report did not include figures for specific real estate companies. “Experiential categories, such as fitness, health and beauty were significant drivers, but new leasing activity was propelled mostly by quick-service restaurants, discount grocery, off-price stores and other cost-friendly platforms,” he said. Meanwhile, a strong pace of ecommerce retail sales continued to outpace sales growth at brick-and-mortar businesses, driving an upshift in warehouse leasing from m
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News
- LAZ collaborates with bp to bring bp pulse ultra-fast public EV charging hubs to 20 cities over next five years [Yahoo! Finance]Yahoo! Finance
- SPG, EGP, SLG, CHCT upgraded, SUI, REG downgraded at Evercore ISI [Seeking Alpha]Seeking Alpha
- Simon Property Group, Inc. (NYSE: SPG) was upgraded by analysts at Evercore ISI from an "in-line" rating to an "outperform" rating. They now have a $172.00 price target on the stock, up previously from $160.00.MarketBeat
- 2 Vanguard ETFs to Buy Hand Over Fist Before Sept. 18 [Yahoo! Finance]Yahoo! Finance
- Simon Property Group, Inc. (NYSE: SPG) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $159.00 price target on the stock, up previously from $157.50.MarketBeat
SPG
Earnings
- 8/5/24 - Miss
SPG
Sec Filings
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- 8/30/24 - Form 4
- SPG's page on the SEC website