Q3 was expected to be a quarter where we might see some tariff impact for US real estate issuers. Instead, the companies in our coverage including Prologis, Public Storage, Simon Property Group and WP Carey all reported solid numbers with increased guidance. Companies grew EBITDA and management across all four companies was positive on the outlook. Still, we expect some tariff impact to come, but balance sheets are well placed to absorb any “softening”. Leasing and investment activity across the...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Simon Property Group, L.P. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 19 November 2024 in which we reassessed the appropriateness of the ratings in th...
Downgrading Outlook to Neutral; Upgrading Real Estate and Consumer Staples We are downgrading our long-term outlook to neutral (had been bullish since early-November 2023) due to rapidly deteriorating market dynamics; we still believe the S&P 500 is going through a 1- to 4-month consolidation phase, but odds have increased that this consolidation phase could be a topping pattern. The S&P 500 is initially holding at our expected pullback zone of 5100-5191 that we discussed last week (7/30/24 Com...
The independent financial analyst theScreener just requalified the general evaluation of SIMON PROPERTY GROUP (US), active in the Real Estate Investment Trusts industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date D...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.