Advertisement

Simon Property Group's Solid Q1 Results Show Malls Aren't Dead

Simon Property Group's Solid Q1 Results Show Malls Aren't Dead

Simon Property Group's (NYSE: SPG) first-quarter results highlighted the sector's budding turnaround. In the first quarter, Simon Property Group's net operating income (NOI) declined 8.4% year over year, excluding its recently acquired 80% stake in Taubman Realty Group. Simon's share of total NOI (including NOI from joint ventures) rose 1.1% year over year.