Dividend.com: Sysco Tasting Profits

Simon Property Group Seeing Rising Store Vacancies

Simon Property Group(SPG Quote) just reported that its funds from operations (FFO) jumped 11% to $463.9 million, or $1.61 a share, from $418.7 million, or $1.46 a share, in the year-ago period.

The company is a leading operator of regional malls and other retail properties. In this last quarter, average mall rent rose 6.3% to $39.26 per square foot, while rent in the outlet centers rose 6.6% to $27.12 per square foot. Occupancy fell at both its malls and outlet centers, as sales slowed from the year-ago quarter time period. ...