Simon Property has the Highest Level of Cash in the Retail REITs Industry (SPG, TCO, ALX, KIM, GGP)
Below are the three companies in the Retail REITs industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Simon Property ranks highest with a CE of $857. Taubman Centers is next with a CE of $264. Alexander's ranks third highest with a CE of $253.
Kimco Realty follows with a CE of $181, and General Growth Properties rounds out the top five with a CE of $161.
SmarTrend recommended that its subscribers protect gains by selling shares of General Growth Properties on August 11th, 2016 by issuing a Downtrend alert when the shares were trading at $29.92. Since that call, shares of General Growth Properties have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest level of cash simon property taubman centers alexander's kimco realty General Growth Properties