AcquisitionSPG made a very high quality acquisition of Brickell City Centre, in Miami, FL for $512m, increasing the company's ownership stake from 25% to 100%.
Balance SheetSPG shares are viewed as inexpensive and reasonably valued, especially considering SPG’s excellent balance sheet, operating platform and real estate quality.
Leasing ActivitySPG continued to highlight strong leasing activity across the portfolio, despite macro headline uncertainty.