Simon owns a 74% interest in this project. Paris-Giverny Designer Outlet (Normandie, France) projected to open in spring 2023.Simon owns a 40% interest in this project. Fukaya-Hanazono Premium Outlets® ( Tokyo, Japan) projected to open in October 2022.Simon owns a 50% interest in this center.Ĭonstruction continues on two new international development projects including: Jeju Premium Outlets is the fifth Premium Outlet® Center in South Korea. On October 15, 2021, Jeju Premium Outlets ( Jeju Island, South Korea) opened with 92,000 square feet of high-quality, name brand stores. Base minimum rent per square foot was $53.91 at December 31, 2021.Malls and Premium Outlets Operating Statistics Domestic property NOI increased 22.4% and Portfolio NOI increased 33.6% compared to the prior year period.FFO was $1.160 billion, or $3.09 per diluted share, as compared to $786.6 million, or $2.17 per diluted share, in the prior year, a 42.4% increase.Net income attributable to common stockholders was $503.2 million, or $1.53 per diluted share, as compared to $271.5 million, or $0.86 per diluted share in 2020.Portfolio NOI, which includes NOI from domestic properties, international properties and NOI from the Company's investment in Taubman Realty Group, increased 22.3% compared to 2020. Domestic property net operating income ("NOI") increased 12.0% compared to 2020. FFO for 2021 includes the aforementioned net gains.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |