Simon Awarded 2022 Nareit Retail Leader in the Light Achievement

Rhea-AI Summary

Simon Property Group was honored with Nareit's 2022 Retail Leader in the Light Award for exceptional sustainability practices. The award is derived from the Global Real Estate Sustainability Benchmark (GRESB) Annual Survey and evaluations by external judges. CFO Brian McDade emphasized Simon's commitment to sustainable retail platforms that benefit shoppers, employees, and retailers. Simon operates premier shopping and mixed-use properties across North America, Europe, and Asia, contributing significantly to community engagement and generating billions in annual sales.

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• Awarded Nareit's 2022 Retail Leader in the Light Award, underscoring strong sustainability practices.
• Recognition based on GRESB Annual Survey results, highlighting industry leadership in sustainability.

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• None.

INDIANAPOLIS, Nov. 17, 2022 /PRNewswire/ -- Simon announced today that it has been presented with Nareit's 2022 Retail Leader in the Light Award. This award is given to REITs that have demonstrated outstanding sustainability practices throughout the year. 

The 2022 Leader in the Light Awards are based on the results of the Global Real Estate Sustainability Benchmark (GRESB) Annual Survey, as well as scored responses to supplemental questions by outside judges.

"Simon continues to focus on creating retail platforms that are sustainable for our shoppers, employees and retailers alike," said Brian McDade, Chief Financial Officer of Simon.

About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

About Nareit:
Nareit serves as the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate. Nareit's members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses. Nareit's focus is to broaden and deepen REIT ownership to help a growing set of everyday American investors enjoy the benefits of holding real estate in a well-diversified portfolio, while increasing capital sources that invest in America's future. Nareit is the exclusive registered trademark of the National Association of Real Estate Investment Trusts, Inc.^®, 1875 I St., NW, Suite 500, Washington, DC 20006-5413. Follow us on REIT.com. Copyright^© 2022 by Nareit® All rights reserved.

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SOURCE Simon

FAQ

What is the significance of Nareit's 2022 Retail Leader in the Light Award for SPG?

The award highlights Simon Property Group's outstanding sustainability practices, enhancing its reputation in the real estate sector.

How did Simon Property Group perform in the GRESB Annual Survey?

Simon Property Group's performance in the GRESB Annual Survey contributed to receiving the Retail Leader in the Light Award, indicating strong sustainability measures.

When was Simon Property Group awarded the Retail Leader in the Light Award?

Simon Property Group received the award on November 17, 2022.

What is Simon Property Group's focus according to the press release?

The company focuses on creating sustainable retail platforms that benefit shoppers, employees, and retailers.

What does Simon Property Group operate?

Simon Property Group operates premier shopping, dining, entertainment, and mixed-use destinations across multiple continents.