Simon Property’s CFO to retire after 30 years with company
Andrew Juster joined the Indianapolis-based company in 1989 when it was known as Melvin Simon & Associates.
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Simon among landlords that will have to deal with Toys ‘R’ Us properties
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
Duke Realty meets expectations with profitable fourth quarter
The Indianapolis-based real estate investment trust saw a 19 percent increase in revenue in the fourth quarter.
Retail goliath Simon nails quarterly expectations, increases dividend
The Indianapolis-based mall owner broke a record in 2017 in a metric for operational performance, but its CEO admitted to analysts on Wednesday that it needs to boost occupancy at its properties.
Simon settles suit with Starbucks over closing Teavana stores
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
Simon tops quarterly expectations, raises full-year guidance
Shares in the Indianapolis-based shopping mall owner slid Friday morning despite a mostly positive quarterly financial report. A negative quarterly report from J.C. Penney was the likely factor.
Kite Realty sees quarterly decline in revenue, earnings
The Indianapolis-based real estate investment trust met expectations of analysts with its third-quarter performance.
Duke Realty sees third-quarter rise in revenue, earnings
Duke Realty Corp. slightly exceeded analyst expectations on one financial performance measure in the third quarter while barely missing on another.
Simon sues Starbucks in bid to block mass Teavana closings
Indianapolis-based Simon Property Group, the country’s largest shopping mall operator, says in the lawsuit that Starbucks is breaching its leases by closing the Teavana stores and “shirking its contractual obligations.”
Kite sees profit, revenue growth on improving occupancies
Kite Realty Group Trust on Wednesday reported second-quarter financial results that topped Wall Street expectations.
Duke Realty tops analyst predictions with quarterly results
The Indianapolis-based real estate company exceeded expectations in a key financial category and posted huge earnings thanks to the sale of its medical office business.
Duke Realty moving up to S&P 500 stock index
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
Simon misses analyst predictions, but reports stable mall occupancy
Simon Property Group CEO David Simon said he was pleased with first quarter results, considering the “current choppy retail environment.”
Kite Realty flies past predictions with quarterly results
Kite Realty Group Trust saw higher revenue and better-than-expected funds from operations in the first quarter, but profit slipped.
Duke Realty beats market expectations in first quarter
The Indianapolis-based real estate investment trust saw higher revenue and profit in the most recent period.
Mall owners turn to carnivals, music to fight online retailing
With customer traffic sagging, U.S. retail landlords like Indianapolis-based Simon Property Group Inc. are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.
Top Simon exec exiting company
David Contis, Simon Property Group’s president of mall operations, is resigning from the Indianapolis-based retail real estate giant to “spend more time with his family,” the firm said in an SEC filing.
Kite Realty just misses quarterly expectations
Indianapolis-based real estate investment trust Kite Realty Trust fell just short of Wall Street predictions for revenue and funds from operations in the fourth quarter.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.