NEW YORK (Reuters) – Simon Property Group Inc mentioned about Monday a key earnings measure rose inside the 4th quarter, assisted by high rents plus sales at its malls plus outlet centers. Simon mentioned fourth-quarter funds from operations (FFO) improved to $ 827.4 million, or $ 2.29 per share, from $ 678.9 million, or $ 1.91 per share, a year earlier. Revenue rose to $ 1.34 billion from $ 1.17 billion. FFO is a property investment trust performance measure which normally excludes gains or losses from property sales plus removes the income-reducing impact depreciation has about earnings. …
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