13 Most Profitable Real Estate Stocks Now

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

Number of Hedge Fund Holders: 38

5 Year Net Income Growth: 2.10%

Simon Property Group, Inc. (NYSE:SPG) is a real estate investment trust that engages in the ownership of premier shopping, dining, entertainment, and mixed-use destinations, which primarily include malls, Premium Outlets, and The Mills. The company’s properties span North America, Europe, and Asia. The firm owned or held an interest in 195 income-producing properties in the US, which comprised 93 malls, 69 Premium Outlets, 14 Mills, six lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico, as of December 31, 2023. Globally, Simon had ownership interests in 35 Premium Outlets and Designer Outlet properties located in Asia, Europe, and Canada.

With three decades in operation, Simon has demonstrated growth, resilience, and innovation by becoming the preeminent owner and operator of best-in-class retail real estate properties, with scale. The firm serves as one of the largest landlords to the world’s most important retailers. Simon’s portfolio remains differentiated by product type, geography, and tenant mix. This portfolio is irreplicable 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 firm’s second-quarter results. Net income attributable to common stockholders was $493.5 million as compared to $486.3 million in 2023. Funds From Operations (FFO) was $2.90 per diluted share relative to $2.88 per diluted share in the prior year period. The development activity also remained robust. While construction began on a new, 234-unit luxury residential development at Northgate Station, Tulsa Premium Outlets was planned to open with 338,000 square feet.

Based on 30 years of proven experience and performance, Simon Property Group, Inc. (NYSE:SPG) remains strong and poised for future growth. As of Q2, the stock is held by 38 hedge funds and ranks on our list of the most profitable real estate stocks now.