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MarketScreener Homepage  >  Equities  >  Nyse  >  Simon Property Group, Inc    SPG

SIMON PROPERTY GROUP, INC

(SPG)
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Simon Property : Mall owner closing locations on Thanksgiving

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09/17/2020 | 03:51pm EDT

Simon Property Group, one of the biggest mall owners in the U.S., will be closing all mall sites on Thanksgiving.

The news is another reflection of how the ongoing COVID-19 pandemic is altering the long tradition of big sales on Thanksgiving as well as Black Friday and the holiday shopping experience.

The malls will be open on Black Friday, according to a CNN report.

"In these challenging times, we made the decision that we will not open on Thanksgiving Day, instead allowing our associates to spend the holiday with their loved ones," David Simon, Simon Poperty CEO, said in a press release.

Copyright © 2020 Networld Media. All rights reserved., source Industry News


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Financials (USD)
Sales 2020 4 771 M - -
Net income 2020 1 338 M - -
Net Debt 2020 25 723 M - -
P/E ratio 2020 14,8x
Yield 2020 9,42%
Capitalization 19 642 M 19 642 M -
EV / Sales 2020 9,51x
EV / Sales 2021 9,04x
Nbr of Employees 4 000
Free-Float 94,7%
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Technical analysis trends SIMON PROPERTY GROUP, INC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 85,47 $
Last Close Price 64,21 $
Spread / Highest target 137%
Spread / Average Target 33,1%
Spread / Lowest Target -6,56%
EPS Revisions
Managers
NameTitle
David E. Simon Chairman, President & Chief Executive Officer
Brian J. McDade Chief Financial Officer, Treasurer & Executive VP
David Schacht Chief Information Officer & Senior Vice President
Richard S. Sokolov Vice Chairman
Karen N. Horn Independent Director
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