Simon Property Group, Inc.

Simon Property Group, Inc. (SPG) is a leading global real estate investment trust (REIT) specializing in the ownership, development, and management of premier shopping, dining, entertainment, and mixed-use destinations. Established in 1960 and headquartered in Indianapolis, Indiana, SPG has grown to become the largest owner of shopping malls in the United States.

As of December 31, 2024, Simon Property Group owned or had an interest in 229 properties encompassing approximately 183 million square feet across North America, Asia, and Europe. This extensive portfolio includes renowned brands such as Simon Malls, Premium Outlets, The Mills, and International Properties.

Notably, SPG holds an 88% interest in The Taubman Realty Group, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, SPG has a 22.4% ownership stake in Klepierre, a publicly traded Paris-based real estate company owning shopping centers in 14 European countries.

Portfolio Overview

• Simon Malls: Traditional enclosed shopping centers offering a wide range of retail stores, dining options, and entertainment venues.
• Premium Outlets: Outlet centers featuring discounted merchandise from leading brands, providing shoppers with value-oriented options.
• The Mills: Large-scale, value-oriented retail and entertainment centers combining shopping with attractions like amusement parks and theaters.
• International Properties: Shopping centers located in international markets, including Asia and Europe, catering to diverse consumer preferences.

Simon Property Group has also expanded its retail presence through strategic acquisitions. In 2020, SPG, in partnership with Authentic Brands Group, acquired Forever 21, a prominent fashion retailer. This move aimed to revitalize the brand and integrate it into SPG's extensive retail network.

The company demonstrates a strong commitment to innovation and adaptability. It has explored repurposing large stores into warehouses and fulfillment centers to address growing e-commerce demand. This strategy highlights SPG's dedication to maintaining the relevance of its properties within a rapidly evolving retail landscape.

With a market capitalization exceeding $80 billion, Simon Property Group continues to be a dominant force in the retail real estate industry, providing diverse and dynamic shopping experiences worldwide.

Locations

Simon Property Group operates numerous properties across the United States. Key locations include:

• Las Vegas, NV
• Kenosha, WI
• Norristown, PA
• Oklahoma City, OK
• El Paso, TX
• Thornton, CO
• Edinburg, TX
• Philadelphia, PA
• King of Prussia, PA