Mall operator Simon Property says recovery might take till 2023
Robert Besser
14 May 2021, 16:37 GMT+10
Results for the quarter ending March 31, 2021 exceeded expectations for real estate investment firm Simon Property Group as the mall giant in the United States stood to benefit from the trickling in of customers to physical storefronts
Inoculations underway against the coronavirus, relaxation of curbs and the introduction of a novel series of governmental stimuli aided in increasing the number of customers at malls
However, the company has reduced its outlook for full-year profit per share to the U$4.47-US$4.57 range, as compared to the earlier US$4.60-US$4.85 per share