What's Behind the Traffic Increases at Simon Property's Malls? [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
of retail square footage — but recent traffic figures at Simon Properties tell a different story. Following a third-quarter report listing gains in funds from operations, occupancy and rents, Simon touted a 6.4 percent year-over-year increase in portfolio traffic on Black Friday weekend, with a 7.1 percent gain at Simon's malls. More from WWD Simon Property Sees Young People Coming Back to the Mall Simon Targets Gen Z With Its Latest Campaign Express to Be Bought Out of Bankruptcy for $174M Executives at the real estate investment trust say they've been seeing traffic increases for awhile and that there's more to it than just enthusiastic holiday season turnouts and Americans wanting to get out of the house more often since the pandemic ended. “The main thing is that years ago we decided to look at each of our properties and create a unique strategy to merchandise and densify each, and to really fit into the community as opposed to maintaining a one-size-fits-all approac
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SPG
Earnings
- 11/1/24 - Miss
SPG
Sec Filings
- 12/10/24 - Form 4
- 11/14/24 - Form SC
- 11/1/24 - Form 8-K
- SPG's page on the SEC website