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Analysts Give a Boost to Simon

INDIANAPOLIS—REITs across the country, such as the Simon Property Group, have been spinning off lower-quality assets into separate companies, and analysts have been adjusting expectations.

By Brian J. Rogal | Updated on June 22, 2014

INDIANAPOLIS—As reported in GlobeSt.com throughout much of this year, many REITs have been spinning off retail operations into separate, publically traded REITs, and analysts have begun to revise their estimates of these companies. Simon Property Group, an Indianapolis-based REIT, for example, recently spun off some of its regional mall holdings and shopping centers into a company called Washington Prime Group. And just last week, MLV & Co. LLC released an new set of estimates that includes an updated NAV that reflected a 15 bps cap rate reduction.

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