Simon Property Group

Simon Property Group, the largest mall REIT at a $55 billion market cap, owns and operates 200+ premium retail outlets and flagship malls across the US. Its experiential retail strategy drove a 98% occupancy rate in 2024, 6 points above the average regional mall REIT, while same-store net operating income grew 8.2% year-over-year. Despite e-commerce headwinds, Simon’s properties generate $750 per square foot in tenant sales, 30% higher than the runner-up mall owner, proving brick-and-mortar resilience through pandemic recovery with a 4.5% dividend yield.