Simons Property Group will be rise in the long-term

5 Nis 2020

Simons is the largest luxury mall owner and premium outlet owner in the US. It has recently fallen from $160 to $46. This is because covid-19 is forcing them to close their malls and in turn lose a lot of business. The malls will be closed for a little while longer, which will force their stock down in the short term. But they will not go under, whereas many of the smaller mall owners will go under, and the tenants of the small owners will be looking for malls to operate in, which will drive up Simons' stock price.

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