10 Best Real Estate and Realty Stocks To Buy According to Hedge Funds

6. Simon Property Group, Inc. (NYSE:SPG)

Number of Hedge Fund Holders: 48

Simon Property Group, Inc. (NYSE:SPG) engages in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, which primarily include malls, Premium Outlets, and The Mills. As of September 30, SPG owned or held an interest in 196 income-producing properties in the US, comprising 93 malls, 70 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. Internationally, the firm had ownership in 35 Premium Outlets and Designer Outlet properties primarily located in Asia, Europe, and Canada.

With three decades in operation, Simon Property Group, Inc. (NYSE:SPG) has demonstrated growth, resilience, and innovation in becoming the preeminent owner and operator of best-in-class retail real estate properties, with scale. Simon’s portfolio remains differentiated by product type, geography, and tenant mix. This portfolio stands unmatched as it includes properties like shopping centers, many generating $100 million or more in annual NOI. Thus, no other real estate type can match the longevity, embedded future growth, and NOI generation of these centers.

The management was pleased with the strong financial and operational performance in Q3 alongside the successful openings of Tulsa Premium Outlets and the expansion of Busan Premium Outlets. Funds From Operations (FFO) was $1.067 billion as compared to $1.201 billion in the preceding year. Domestic property NOI rose 5.4% and portfolio NOI increased 5% as compared to the prior year period.

Thus, Simon Property Group, Inc. (NYSE:SPG) is a leading REIT with its properties providing community gathering places for millions of people every day and generating billions in annual sales. The firm serves as one of the largest landlords to the world’s most important retailers. As of Q3, the stock is held by 48 hedge funds.