American Realty Investors, Inc. (ARL)

Analyst Report: Simon Property Group, Inc.Simon Property Group Inc., based in Indianapolis, is a retail REIT that is one of the largest owners of high-end malls, outlet centers, and lifestyle destinations in the United States, North America, Asia, and Europe. Simon owns or has interests in 232 properties with 186 million square feet of leasable space. U.S. malls and outlets account for approximately 72% of net operating income. Properties in California, Florida, and Texas account for 43% of the portfolio. Additionally, the company owns an 80% interest in the Taubman Group and a 22% interest in Klepierre, a Paris-based real estate firm. Recent development activity includes construction of a lifestyle center in Atlanta and premium outlets in Tokyo and South Korea. SPG is a member of the S&P 500.