OAK BROOK, IL-Inland Real Estate Corporation, a publicly-traded REIT that owns and operates retail centers in the Midwest, executed 366 leases for 2,150,487 square feet in 2013, an increase in square feet leased of 23.7% over the prior year.

The firm released its year end financial reports recently, and among the highlights was a total portfolio leased occupancy was 95.2% and financial occupancy was 93.1% at December 31, 2013, representing increases of 120 basis points and 150 basis points, respectively, over year end 2012.

"Our company reported strong results for 2013, including a 12.5% increase in FFO adjusted per share, primarily due to a 3.7% increase in consolidated same-store net operating income and higher income from unconsolidated joint ventures," said Mark Zalatoris, president and CEO. "I am pleased to note that we set a new Company record for the amount of square feet leased in a single year, driving total portfolio leased occupancy to 95.2% at year end, a gain of 120 basis points over last year, while generating robust rent spreads on both new and renewal leases."