Insider Sells 1,434 Shares of Legendary REIT
Key PointsKevin M. Kelly executed a non-discretionary disposition of 1,434 shares on August 31, 2026, with an estimated value of ~$307,679.
Simon Property Group, Inc. (NYSE:SPG) Assistant General Counsel, Kevin M. Kelly, recently sold 1,434 shares of the company's stock, according to a SEC Form 4 filing. The transaction, valued at $214.56 per share based on the weighted average sale price, represented a capital outlay of approximately $307,750.56. Post-transaction, Kelly's shares were valued at $212.32 each as of the market close on August 31, 2026.
SPG, an S&P 100 real estate investment trust with a market capitalization of $69.3 billion, is renowned for its extensive portfolio of high-quality retail and mixed-use properties. The company's competitive edge lies in its strategically situated assets, robust relationships with major tenants, and ability to generate consistent cash flows through diversified revenue streams.
SPG's financial performance in the trailing twelve months (TTM) was impressive, with revenue of $6.9 billion and net income of $4.7 billion, underscoring its substantial scale and operational efficiency within the retail real estate sector.
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