Simon Property Group, Inc. (NYSE:SPG) is a mid-sized REIT that invests in retail and hospitality properties, with nearly 90% of its revenue coming from lease income. The firm's shares depend on consumer spending and discretionary income, which are influenced by economic growth and lower inflation. Despite market fluctuations, Simon Property Group, Inc. (NYSE:SPG) has maintained a strong leasing activity and reported retailer sales per square foot have increased year-over-year.
Source: https://ca.finance.yahoo.com/news/simon-property-group-spg-thriving-211733677.html