(Reuters) - NEW YORK, July 30 - Simon Property Group Inc
, the largest U.S. owner of shopping malls and outlet
centers, said on Monday quarterly funds from operations rose
4.1 percent helped by higher rents and occupancy, and the
company raised its forecast for the year.
Simon reported second-quarter FFO of $373 million, or $1.31
per share, compared with $358 million, or $1.26, a year
earlier. FFO is a measure of real estate investment trust
performance that factors out depreciation.
Read more at Reuters.com Bonds News
, the largest U.S. owner of shopping malls and outlet
centers, said on Monday quarterly funds from operations rose
4.1 percent helped by higher rents and occupancy, and the
company raised its forecast for the year.
Simon reported second-quarter FFO of $373 million, or $1.31
per share, compared with $358 million, or $1.26, a year
earlier. FFO is a measure of real estate investment trust
performance that factors out depreciation.
Read more at Reuters.com Bonds News
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