One of the bigger assumptions I have made in my investment thesis is that real estate and especially real estate trust have taking a beating during the pandemic which is largely over shot.
Yes, real estate will suffer short, maybe even medium term, but companies that won't go belly up, will come out just as strong. So I'm taking advantage of the 40% discount and stepping in to what should be a nice dividend yielding solid investment for years to come.
Simon properties are top of the line mall operators with the best locations and best brands.
It's the largest mall operator in the US.
Together with Tanger (SKT), American Campus (ACC) and CBRE Global (IGR) this creates about an 8% real estate total position in my portfolio.