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Largest US mall owner posts 22% jump in Q2 funds from operations

Published Sun, Jul 26, 2015 · 09:50 PM
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New York

SIMON Property Group, the largest US mall owner, reported a 22 per cent jump in second quarter funds from operations and increased its full year forecast as rising employment helps lure in shoppers.

FFO or funds from operations - a measure of cash flow for real estate investment trusts - rose to US$955.4 million, or US$2.63 a share, from US$783.8 million, or US$2.16, a year earlier, the Indianapolis-based company said on Friday in a…

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