BOSTON—With second quarter reports coming in daily, a quick overview of results not already reported here, showing some healthy numbers:
- On the mall side, CBL & Associates posted Funds from Operations (FFO) of $0.55 per diluted share, even with the same quarter last year. Occupancy rose 50 basis points year-over-year to 93.5 percent.
- General Growth Properties reported FFO per share of $0.31, up 4 cents over last year. The company's portfolio is 96.5 percent leased, up 60 basis points from last year.
- FFO per share at Glimcher Realty Trust was $0.18, down from $0.21 a year ago. Total occupancy for “core malls” was 95.3 percent, an increase of the 94.7 percent reported at June 30, 2013.
- DDR Corp. FFO per share was 28 cents, one cent above a year ago. As of June 30, the U.S. portfolio was 95.3 percent leased, up 80 basis points from the second quarter of 2013.
- At The Macerich Company, FFO per diluted share was $0.86, down 1 cent from a year ago. Occupancy rose from 93.8 percent last year to 95.4 percent on June 30.
- Taubman Centers' adjusted FFO per diluted share was $0.86, up from $0.75 in the second quarter of 2013. Ending occupancy was 90.1 percent, down 0.5 percent from last year. Excluding the second projects to be sold in the fourth quarter, ending occupancy in comparable centers was 91.6 percent.
- For the open-air sector, FFO per share was $0.34 at Kimco Realty Corp., down 1 cent from a year ago. Occupancy in both the U.S. and combined portfolios rose 110 basis points from a year ago to 95.0 percent and 94.8 percent.
- Retail Opportunity Investments Corp. FFO per diluted share was $0.21, up from 0.18 per share last year. The portfolio was 96.8 percent leased
- Equity One's FFO per diluted share rose 3 percent over the year-ago quarter to $0.32. Occupancy rose to 94.2 percent, a whopping 270 basis point increase from the second quarter of 2013.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.