Simon Property Group, Inc. (SPG) operates as a self-administered and self-managed real estate investment trust, or REIT. The company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of Simon malls, Premium Outlets, and The Mills. As of December 2017, SPG had over 207 income?producing properties in the United States, which consisted of 107 malls, 68 Premium Outlets, 14 Mills, four lifestyle centers, and 14 other retail properties in 37 states and Puerto Rico. Additionally the company also has redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 25 properties in the United States, Canada and Asia.
Company’s majority of the revenues are driven from leases with retail, dining, entertainment and other tenants. For the fiscal year ended December 2017, SPG recorded the revenues of $5.5 billion, an increase of 1.9% in comparison with the previous year.
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