|Bid||0.00 x 800|
|Ask||180.00 x 800|
|Day's Range||152.83 - 154.49|
|52 Week Range||145.42 - 191.49|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||20.64|
|Earnings Date||Oct 23, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||8.40 (5.46%)|
|1y Target Est||178.89|
Realty Income (O) poised to benefit from solid investments, and focus on service, non-discretionary and low-price retail business tenants.
Three new retailers recently opened at Arizona Mills in Tempe, including a first-of-its-kind concept, while a fourth tenant is set to open early next month. The shopping center, which is owned by Indianapolis-based Simon Property Group (NYSE: SPG), welcomed two apparel stores as well as a discount retailer. “We are constantly working to offer a diverse mix of stores that meet the many preferences of our guests, so we are excited to introduce these well-known brands at value prices that the whole family will appreciate,” said Munira Smith, director of marketing at Arizona Mills, in a statement.
Simon Property's (SPG) moves to bring iconic brands, emerging and digitally native ones to its malls likely to boost footfall by grabbing attention of tech-savvy shoppers valuing in-store experiences.
INDIANAPOLIS , Sept. 4, 2019 /PRNewswire/ -- Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership ...
INDIANAPOLIS, Sept. 4, 2019 /PRNewswire/ -- Simon®, a global leader in premier shopping, dining, entertainment and mixed-use destinations announced that Jockey International, Inc. (Jockey), a 143-year-old brand recognized around the world for its premium underwear and apparel, will open its first-ever pop-up retail store at the edit @ Roosevelt Field – an innovative, turn-key opportunity for brands at Roosevelt Field, a Simon property. The 1,700 sq. foot store will feature a contemporary assortment of men's and women's undergarments, activewear, sleepwear and loungewear catering to the modern New Yorker's active lifestyle, including the popular underwear bar.
HSBC Holdings PLC, Altria Group Inc., 3M Co. and Simon Property Group Inc. have declined to their respective three-year lows Continue reading...
Specialty retailer Forever 21 was founded in 1984 by a Korean couple who wanted to bring Korean-themed fashion items to the U.S. market. The chain is reportedly close to filing for bankruptcy, Bloomberg ...
While Macerich's (MAC) moves to revamp its properties, leasing of co-working spaces and portfolio expansion will stoke the company's long-term growth, the e-retail boom might impede near-term growth.
(Bloomberg) -- Forever 21 Inc. is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans.The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled, the people said. Focus has thus shifted toward securing a potential debtor-in-possession loan to take the company into Chapter 11, they said, even as some window remains to strike a last-minute deal that keeps it out of court.Representatives for Forever 21 didn’t respond to a request for comment.A bankruptcy filing would help the company shed unprofitable stores and recapitalize the business, said the people, who requested anonymity discussing private negotiations. Yet it could also be problematic for the country’s major mall owners, including Simon Property Group Inc. and Brookfield Property Partners LP. Forever 21 is one of the biggest mall tenants still standing after a wave of bankruptcies in the retail sector.Empty SpacesIf the chain were to close a significant number of stores as part of the restructuring, its landlords could have trouble filling the vacancies. Indianapolis-based Simon counts Forever 21 as its sixth-largest tenant excluding department stores, with 99 outlets covering 1.5 million square feet, according to a filing as of March 31.Co-founder Do Won Chang has been focused on maintaining a controlling stake in Forever 21, which has limited its fundraising options.A faction of company officials, without the approval of Chang, had asked its biggest landlords to consider taking a stake in the retailer amid a disagreement within its leadership, Bloomberg previously reported.Founded in 1984, Forever 21 operates more than 800 stores in the U.S., Europe, Asia and Latin America.(Adds potential impact of a bankruptcy on mall owners beginning in fourth paragraph.)\--With assistance from Boris Korby and David Scheer.To contact the reporters on this story: Eliza Ronalds-Hannon in New York at email@example.com;Lauren Coleman-Lochner in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rick Green at email@example.com, Dawn McCarty, Rizal TupazFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Rating Action: Moody's affirms fourteen classes of MSBAM 2013- C10. Global Credit Research- 27 Aug 2019. Approximately $1.22 billion of structured securities affected.
Simon Property Group, Inc. (NYSE:SPG) is about to trade ex-dividend in the next 3 days. You will need to purchase...
An Alpharetta developer has filed plans to put a new hotel behind Lenox Square mall, the latest in a wave of hospitality projects for Buckhead. Songy Highroads LLC just filed plans in Atlanta for the $75 million project, which would bring a 214-room hotel near MARTA’s Lenox station and along the PATH400 Greenway Trail. The hotel, which could be branded a Hyatt Centric, would be visible from Ga. 400.