Simon Property Group’s reported higher earnings despite continued nationwide retail store closings and the unrelenting challenge from e-commerce. At its first quarter earnings announcement on Tuesday, the Indianapolis-based REIT said the continued wave of retailer bankruptcies took a toll on revenue. Still, the company reported net operating income increased 1.7 percent year over year. Funds from operations were $1.08 billion in the first quarter, up from the nearly $1.03 billion total in the first quarter […]
source https://therealdeal.com/chicago/?p=201287#new_tab
No comments:
Post a Comment