Simon, General Growth offer 2 different lessons

01/5/2009 | Boston Herald

Simon Property Group and General Growth Properties are a lesson in contrasts. Analysts see Simon as being on solid financial footing while General Growth is scrambling to refinance debt and avoid bankruptcy. "Simon expanded, but not nearly as forcefully as General Growth, and they were not nearly as aggressive in terms of leveraging up their balance sheet or taking on new debt," said Joel Bloomer, a senior equity analyst at Morningstar.

View Full Article in:

Boston Herald

Published in Brief: