Meanwhile, occupancy at the REIT's high-end outlet centers are predicted between 98% and 99%, and community and lifestyle centers are expected to run from 91% to 93%. The company's figures are predicated on all the completion of developments, no future acquisitions or dispositions and a stable economic market.

In its latest guidance for the current fiscal year, executives put FFO between $4.90 and $4.92 per share and diluted net income from $1.88 to $1.90. As of its latest reported quarter, which ended Sept. 30, regional-mall occupancy was at 92.6%. Outlet centers came in at 99.6%, and community and lifestyle centers fell at 91.3%.

Among the properties Simon has in the development pipeline to open this year are: Coconut Point, 1.2-million-sf open-air, mixed-use enter in Estero, FL; and Round Rock Premium Outlets, a 433,000-sf upscale outlet center in Round Rock, TX. To open next year are the Domain, a master-planned urban village in Austin, TX, that will include 700,000 sf of retail, as well as 75,000 sf of offices space and 390 multifamily residential units; and the Village at SouthPark, a mixed-use project comprised of residential and retail components located adjacent to Simon's SouthPark Mall in Charlotte, NC.