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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: jpk1 who wrote (200896)5/7/2009 12:58:06 PM
From: Think4YourselfRespond to of 306849
 
That was a brilliant move by SPG management, positively brilliant. They probably timed the top perfectly for the next few years. Wouldn't want to have funds invested with any of the buyers of that equity. Malls around here are losing tenants right and left.



To: jpk1 who wrote (200896)5/7/2009 2:58:29 PM
From: PerspectiveRead Replies (3) | Respond to of 306849
 
<33M SPG shares now this year. That's some pretty heavy dilution. Plus that earlier debt offering was done at 10%. Some business model>

The increased offering size added another 7M shares, for a total of 40M this year. Definitely wonderful timing on their part, and they'll probably be able to buy lots of stuff on the cheap -

if they don't need all the money to simply carry the properties they've already got...

BC


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