Mall Landlord Simon Property Group Reports Fall in Revenue

Mall Landlord Simon Property Group Reports Fall in Revenue

The Orlando International Premium Outlets is owned by Simon Property Group | Photo: Shutterstock

Simon Property Group Inc reported a 24 percent fall in quarterly revenue on Monday as the largest U.S. mall owner reduced and delayed rent collection from retail tenants struggling to cope with the COVID-19 pandemic.

Total revenue fell to $1.13 billion in the fourth quarter ended Dec. 31, from $1.49 billion a year earlier.

By Uday Sampath and Aditya Soni

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