Publications

Mall operator reports occupancy trend jumps in second quarter, malls are safe
Investors - AUGUST 3, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Mall operator reports occupancy trend jumps in second quarter, malls are safe

by Andrea Zander

Simon Property Group’s regional malls and outlet shopping centers had an occupancy of 91.8 percent at the end of the second quarter, an increase of 100 basis points compared to the first quarter, reported David Simon, chairman, CEO and president of Simon Property Group, in the REIT’s second-quarter earnings call.

“We continue to see demand for space across our portfolio from healthy local, regional and national tenants, entrepreneurs, restaurateurs and mixed-use demand … increasing day by day,” said Simon.

The company signed nearly 1,400 leases for approximately 5.2 million square feet and, through the first six months of 2021, Simon Property Group signed 2,500 leases for 9.5 million square feet.

When asked about concerns regarding the COVID-19 Delta variant and effects it could have on the growth of its portfolio, Simon shared hi

Forgot your username or password?