Goldman Sachs Discusses Earnings From Simon Property Group (SPG)

Goldman Sachs is out with a research report on Simon Property Group SPG after the company reported earnings. Shares of Simon Property are on Goldman's "America's Buy List." In a note to investors, Goldman writes "The result was positive for SPG – all major operating statistics improved and SPG continues to register solid increases in tenant sales, supporting our view that class A malls should experience improving rent growth in 2011/2012. We also continue to view SPG as a dividend growth name, given its well positioned balance sheet, low payout ratio, and solid cash flow growth profile (we estimate a 3-year growth CAGR of 8%)." Shares of Simon Property closed at $114.95 yesterday.