Purchase 18 shares Simon Property Group

In April I purchased 18 shares Simon Property Group against a price including costs of $60,30.

Stock price of Simon Property Group is this year well over 60% down as a result of SPG closing all of their USA based malls due to Covid-19.

Based on the purchase price of $60,30 the yield is 13,9%, but I consider it realistic that due to the lack of rental income SPG will decide to skip payments this year.

Nevertheless I add to my current position as I still believe strongly in the future prospects of the shopping centers owned by Simon Property Group. Although I can also imagine it will take some years to totally recover from the Covid-19.

Based on current dividend I increase my yearly estimated dividend income with $151,20, but as I said I won’t be surprised if the dividend will be cut or skipped the comming year.