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Posted by
Two Blokes Tue at 7:45 PM -
Filed in
Stock
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Simon Property Group is a stable, large-cap REIT with strong assets but moderate risk due to high debt and low coverage ratios. After detailed analysis and market adjustments, I assign SPG a Baa3 investment-grade credit rating, reflecting its financial health and risk profile. SPG's preferred stock (SPG.PR.J) is currently overvalued; I do not recommend buying unless the price drops below $52 for a better yield to call.
