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No. of Recommendations: 2
Hi G.
Would you say that there is an acceptable combination of dividends and capital appreciation potential? If not, then, perhaps a low chance of downside loss even if the dividend is cut?

First, while I've read the REITs board for years, I've never felt compelled to buy a REIT.
My bias is toward tech.
I recently built a cash pile, and a portion (emergency fund, living expenses) I want Return OF Capital. The remainder will likely go back into tech, at some point.

So: short answer- no. The risk to my capital is too much for me. As Denny said "cash is cash".

SPG reneged on a deal with TCO not too long ago. Some chatter suggested SPG wanted better terms. I've not followed it, but it gives me pause.

Malls, especially indoor malls, have been in decline for several years, with stalwart anchor stores succumbing to AMZN, and "trendy" stuff.

AMZN. SPG is going to rent space to THE DEVIL that's crushing the mall's anchor and the little stores in the mall. AMZN is a direct competitor to all the stores. And, AMZN will not attract foot traffic shoppers.

While SPG may have upside potential, the risk to my goal of Return OF Capital, is too much for me. It would stress me.

The dividend. SPG cut it in June.
The risk of another cut is significant, IMO.

I wish you and other SPG investors well. It's just not the right investment for me.

Dreamer, over on WAFTT, has a nice thread with some positive comments on SPG.

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