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Stock impact report

At High-profile Properties, Miller Capital Advisory Advances High-end Agenda [Yahoo! Finance Canada]

Simon Property Group, Inc. (SPG) 
Last simon property group, inc. earnings: 2/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.simon.com
his firm is in “very rarefied territory,” he means sales productivity, not geography. “Our portfolio is averaging $1,126 per square foot with our inline mall shops 10,000 square feet and smaller,” said Miller. That compares to the sales productivity of leading real estate investment trusts such as Simon Property Group and Macerich, which track closer to $750 to $900 in sales per square foot. Bal Harbour Shops, the family-owned, luxury center in North Miami, generates between $2,000 to $3,000 in sales per square foot in peak years. More from WWD The privately held Skokie, Ill.-based Miller Capital has 17 properties in its portfolio, with $8 billion in assets under management, including large, high-profile shopping centers like Ala Moana in Honolulu, Scottsdale Fashion Square in Arizona, the Houston Galleria, Kierland Commons in Phoenix, and Oakbrook Center in Illinois. “We're focused on investing in high-end retail properties that are fashion-oriented, catering to a more affluent Show less Read more
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