Simon Property (SPG) closed at $125.19 in the latest trading session, marking a -0.21% move from the prior day.
A portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts bode well for Simon Property (SPG). However, higher e-commerce adoption and interest rate hikes are worrisome.
Investing in real estate investment trusts (REITs) is a tried-and-true method of making passive income as these entities must pay dividends out of their rental income. Three top choices from some Fool.com contributors are Federal Realty Trust (NYSE: FRT), Simon Property Group (NYSE: SPG), and W. P. Carey (NYSE: WPC).