Simon Property Group Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Value
Company profile

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

Postmarket

Last Trade
Delayed
$83.22
0.65 (0.79%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$82.57
Day's Change
-2.98 (-3.48%)
Bid
--
Ask
--
B/A Size
--
Day's High
86.90
Day's Low
82.40
Volume
(Light)
Volume:
6,983,693

10-day average volume:
8,774,595
6,983,693

IQiyi says internal review found no evidence to substantiate short seller's fraud allegations

10:23 am ET October 5, 2020 (MarketWatch)
Print

Chinese streaming-video company iQiyi Inc. (IQ) announced Monday that it had "substantially completed" its internal review into allegations made by short seller Wolfpack Research and that the review "did not uncover any evidence that would substantiate the allegations." Wolfpack alleged in April that iQiyi was engaged in fraudulent behavior involving its financial statements. IQiyi said in its Monday release that the internal review was overseen by the company's "independent audit committee" with assistance rom professional advisors such as "a Big 4 accounting firm that is not the Company's auditor." The company said it will "continue to cooperate" with the Securities and Exchange Commission regarding a previously disclosed probe (http://www.marketwatch.com/story/us-shares-of-iqiyi-drop-on-sec-probe-2020-08-13) into the company's practices. Its U.S.-listed shares are up 1.6% in Monday trading. The shares have risen 10% so far this year as the S&P 500 has added 4.9% and as the KraneShanes CSI China Internet ETF (KWEB) has increased 39%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 05, 2020 10:23 ET (14:23 GMT)

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