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Regional Mall REITs Outperform in Q3

NEW YORK CITY-The sector fared better than all other REIT types, according to a new report.

By Rayna Katz | Updated on November 15, 2013

NEW YORK CITY-All US regional mall REITs have reported third-quarter results, providing average third-quarter FFO growth of 17.7%, which is above the 15.4% average for companies in the remainder of the REIT space that had reported earnings through Nov. 7, according to a new report from SNL Real Estate.

The two largest regional mall REITs, Simon Property Group and General Growth Properties reported FFO growth and operating FFO growth of 11.1% and 26.1%, respectively.

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