Shopping mall developer Simon Property Group is a "cash engine," according to Wolfe research.
The company is currently trading at a discount to Wolfe's strip center and overall coverage, said Rosivach.
"In fact, SPG is currently trading well below its historic discount to our overall coverage.
Shares of Simon Property Group are trading near the flatline in 2023, but have jumped more than 22% over the past 12 months.
SPG 1Y mountain SPG in past year —CNBC's Michael Bloom contributed to this report.
Persons:
Wolfe, Andrew Rosivach, Rosivach, — CNBC's Michael Bloom
Organizations:
Simon Property, SPG, Brands, General Atlantic, Simon Property Group