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Simon, Nation’s Largest Mall Landlord, Is Making Money in E-Commerce

REIT Struggled With Closings in 2020 but Was Surprised To See $3.5 Billion in Online Sales
Simon Property Group’s 2020 earnings were hurt when shopping centers that included Charlotte Premium Outlets in North Carolina were forced to close for weeks at a time to help stem the spread of the coronavirus. (Simon Property Group)
Simon Property Group’s 2020 earnings were hurt when shopping centers that included Charlotte Premium Outlets in North Carolina were forced to close for weeks at a time to help stem the spread of the coronavirus. (Simon Property Group)
By Jennifer Waters
CoStar News
February 9, 2021 | 6:15 P.M.

Simon Property Group, shaking off a tough year for brick-and-mortar retail landlords, is logging success in its investments in companies that are ringing up billions of dollars in e-commerce sales.

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