Simon Property Group, L.P., founded in 1993 and headquartered in Indianapolis, Indiana, is a leading real estate investment trust (REIT) primarily focused on retail real estate. The company is dedicated to owning, managing, and developing regional malls, premium outlet centers, and other retail properties across the United States and abroad. Simon Property Group is recognized for its portfolio of high-quality retail properties that attract premier brands and enhance consumer experiences.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its initial bond issuance in 1993, Simon Property Group has established a robust presence in the bond market with a range of offerings that support its growth and operational needs. Notable issuances include a $1 billion bond in 2020, which was utilized to strengthen liquidity during the pandemic, and a $1.5 billion issuance in 2021 that financed acquisitions and development projects. The company's bonds typically feature attractive yields compared to industry peers, with current rates reflecting investor confidence in Simon's strong market position and recovery trajectory post-COVID-19. Recent news highlights the company's commitment to sustainability, as it explores green bond options to fund environmentally friendly initiatives.