King of Prussia Mall Owner Could Present Attractive Stock Option Before Holiday Season

By
King of prussia mall simon stock quote
Image via Unsplash.

Simon Property Group, owner of King of Prussia Mall and Philadelphia Premium Outlets in Limerick, could present an attractive stock buying option ahead of the holiday season, writes Portfolio Navigator for Seeking Alpha.

King of Prussia Mall. Image via Montgomery County Planning Commission.
King of Prussia Mall. Image via Montgomery County Planning Commission.

Thanks to the very talented team at its helm, Simon has been a strong performer over the last several years.

The company’s management team noticed the decline of the iconic shopping malls across the country over the last decade and changed their strategy years ago to adapt to this trend.

As the result, the company has continued to grow significantly in recent years, especially during the pandemic, most notably due to its mix of stores and locations that consumers want.

This has proven profitable for its shareholders, as it has resulted in a close to 60 percent return for 2021.

Meanwhile, the upcoming holiday season should showcase the true magnitude of its growth.

This is the time when consumers spend the most and with the number of vaccinated people growing, shoppers will feel more comfortable going to the mall.

The company’s dividend yield of 4.6 percent also makes this an attractive stock to own.

Read more about Simon Property Group’s King of Prussia Mall and Philadelphia Premium Outlets in Limerick in Seeking Alpha.

Advertisement
Normandy Farm banner