At the close of financial trading yesterday, Simon Property Group, Inc. was added to the S&P 500 Index. SPG is the fourth real estate investment trust (REIT) in the index.
'As the largest owner and operator of retail real estate in the world, we are honored to be the first retail REIT included in the index,' said David Simon, Chief Executive Officer. 'Our addition is a continuing validation of the importance of real estate operating companies in investment portfolios.'
Simon Property Group, Inc. (NYSE: SPG - News), headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership and management of income-producing properties, primarily regional malls and community shopping centers. Through its subsidiary partnerships, it currently owns or has an interest in 251 properties containing an aggregate of 187 million square feet of gross leasable area in 36 states, as well as eight assets in Europe and Canada. Additional Simon Property Group information is available at www.shopsimon.com .
(source: Simon Property Group)