Compare Westfield to major shopping centre owner, Simon Property Group (nyse: SPG). Reached %50 off its lows (but most quality securities have; think BHP, LEI - the list goes on), but extremely well run and positioned for the long term.
Both have extremely well run and top notch properties. Both are run by two very dominant families (the Lowy's & Simon's). Both have a term called 'share of mind' - particularly Westfield where you think shopping, you think Westfield. The landscape created gives them a pricing power for many more decades to come, regardless of current environment.
Compare Westfield to major shopping centre owner, Simon Property...
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