US retail property giants joust over fate of takeover
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US giant Simon closes nearly 200 malls to combat virus
US retail giant the Simon Property Group said on Wednesday it would close all its 194 US retail properties immediately to combat the Covid-19 virus, through to Sunday 29 March.
Read more →World property W12Feb20 – Simon buys control of Taubman
Simon Property Group Inc is set to buy 80% of The Taubman Realty Group LP.
Read more →World property M24Mar14 – Westfield repositions, Simon chases innovation
Westfield sells 3 UK malls – Simon to invest in retail innovation
Read more →World property M3Feb14 – Prologis back in black, Simon stronger all-up
Asset disposals lift Prologis into black – Simon improves performance across board
Read more →Simon vies with Brookfield for troubled Mills
Published 6 February 2007 Listed US mall owner & developer Simon Property Group has been joined by a hedge fund to challenge Canadian property investor Brookfield Asset Management Inc to acquire mall owner The Mills Corp on its deathbed. Mills was active & seemingly strong until 2004, 12 years into its era as a listed […]
Read more →Simon earnings/share up 8.3% as it opens up malls
Published: 1 May 2005 US mall owner Simon Property Group Inc increased first-quarter net income 18% to $US57.1 million and diluted earnings/share by 8.3% to US26c/share. It increased diluted funds from operations by 31.3% to $333.8 million, or 16.7% to $US1.12/share. Occupancy increased in Simon’s regional malls by 40 basis points to 91.5%, Premium Outlet […]
Read more →Simon earnings rise 12.6% in quarter
US mall owner Simon Property Group Inc said it increased diluted funds from operations in the September (3rd) quarter by 12.6% to $US277.7 million, 11.8% to $US1.04/share. Comparable retail sales/ft² rose 5.8% to $US421/ft² and total sales/ft² also rose by 5.8%, to $US417/ft². Website: Simon Property Group’s 3rd quarter result
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