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Company profile for Simon Property Group, Inc.
Simon Property Group (SPG) is a leader in the real estate investment trust (REIT) industry. Founded in 1960 by Mel and Herb Simon, the company has grown from a single Indianapolis shopping center to a global REIT. SPG is a publicly traded company listed on the New York Stock Exchange (NYSE:SPG) and is an S&P 100 company. Simon properties are located in the United States, Europe, and Asia and are some of the premier shopping, dining, entertainment, and mixed-use destinations in the world.
SPG is a leader in the retail real estate industry, owning and operating over 200 properties across the United States, Europe, and Asia. This includes 118 Premium Outlets® (discount shopping centers), three Mills specialty retail centers, and multiple lifestyle, entertainment, and mixed-use properties. This portfolio of properties is supported by a diversified mix of tenants, ranging from global and regional retailers to international and regional restaurants.
SPG is committed to creating experiences for shoppers and visitors that combine quality, convenience, and entertainment. As a result, the company works closely with their tenants to ensure their properties are in line with the company’s core values. SPG also works hard to create a safe and inviting environment for their visitors, and this is reflected in their communities in the form of quality jobs and increased economic development.
SPG is deeply committed to taking a proactive approach to sustainability in order to reduce their environmental impact, increase efficiency, and promote healthy lifestyles. SPG has reduced greenhouse gas emissions, water consumption, and waste production at their properties and is continually looking for ways to become even more sustainable. The company has also implemented programs to promote health and wellness, such as nutrition and exercise resources, to their tenants and guests.
Over the years, SPG has achieved many awards and honors and has served as a leader in the industry. In 2020, the company was recognized as the #1 “Real Estate Player in Retail” and also as the #2 “Most Admired Real Estate Company” by Fortune magazine. Additionally, they have been recognized by numerous organizations for their leadership in sustainability, health and wellness, and diversity & inclusion initiatives. SPG is also active in their communities, with numerous volunteer and charitable initiatives throughout their portfolio.