8/4/2010

Simon Property Group posted strong second-quarter earnings with funds from operations rising to $487.7 million, from $313.1 million a year earlier. Consumer spending is fueling Simon and other retailers' earnings, analysts say. "Simon's solid (second-quarter) earnings results suggest that strength is gradually returning to the mall and outlet center universe," according to Rich Moore and Wes Golladay with RBC Capital Markets.

Related Summaries