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Simon Says This High-Yield Blue-Chip Is A Very Strong Buy

Published Fri, 11 Jan 2019 09:00:25 -0500 on Seeking Alpha

This article was co-produced with Dividend Sensei.
If you want to enjoy both strong returns over time as well as generous, safe and growing income, few things are better than a quality REIT. Thanks to the worst market correction in a decade, today you can find even world-class companies trading at very attractive prices.
Let's take a look at why Simon Property Group (SPG) is a strong buy for almost any diversified dividend growth portfolio. In fact, from today's attractive price (26% discount to fair value), Simon is likely to deliver not just generous, safe and growing income, but close to 14% long-term total returns.
Simon Property Group: The King Of Class A Malls

(Source: Hoya Capital Real Estate)
There's a common belief on Wall Street that the retail apocalypse, led by the rise of e-commerce giants like Amazon (AMZN), will be the death knell of malls. In reality, e-commerce is merely growing twice as fast as traditional retail, which is thriving thanks to the adoption of omnichannel which incorporates technology like the internet into traditional retail. In the past seven years, retail sales have continued expanding along with the economy, thanks to mall operators like Simon adapting to the new retail paradigm.

(Source: SPG Investor Presentation)
While low-quality malls (Class D, C and B) are indeed struggling, high-quality Class A Malls (which make up 26% of all malls), ones like what Simon owns, are thriving. Today Simon... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
WP GLIMCHER 5.25   13.5 0.39 1.00 18.73
CBL & ASSOCIATES PROPERTIES 2.21   0.0 -0.18 0.30 13.45

WP GLIMCHER - WPG
WP GLIMCHER - WPG  


Older articles featuring Wp Glimcher (WPG):
Jussi Askola Positions For 2019: High-Yield Landlording
Our 10% Yielding REIT Portfolio Heading Into 2019
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Start 2019 With These Fat Yields Up To 8.3% From REITs
Top 50 Real Estate WallStars By Yields And Net Gains For November 2019
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Our Intelligently Diversified High Yield REIT Portfolio Designed For Outperformance
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