The past week saw even more year-end results from the REITs in various sectors for the industry -- and it's clear that fashion is in favor.
Taubman Centers' reported that its adjusted FFO per share rose 9.3 percent over 2012, on a portfolio that was 93.6 percent leased, up 0.3 percent from 2012. But hold onto your hats for this one: comparable sales per square foot were $721, up 1.8 percent from last year.
"We're pleased that sales in our centers have now surpassed $700 per square foot," said Chairman, President and CEO Robert Taubman, in the announcement. "This is another record for our company and for the U.S. publicly held regional mall industry."
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