REITs - Real Estate Investment Trusts - Info & Discussion: SPG
- mitelo
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» mitelo - SPG
Simon Property Group is a REIT with shopping mall interests. The stock has been strong in the past 6 months.My observation is that shopping malls around the mid-west have a lot of empty stores including some large vacancies like old Ward's stores and Albertson's closed stores and a lot of vacancies from closed specialty stores like coffee bean dealers and small clothiers. Is this a sign of the bottom? Or, is the real estate investment realm hanging on from the last few whiffs of the declining interest rate environment "tail wind"?
I'm hoping the REIT stock strength is a better predictor of the near future than the tech. stocks were in 1999.
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The insider trade information on this REIT looks a little bearish, unfortunately.
-- posted by mitelo
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