Mall Giant Simon Property Group Sweats Tariff Impacts as Revenue Climbs – Commercial Observer
Indianapolis-based mall giant Simon Property Group saw a mixed bag in its first-quarter numbers amid mounting caution over the impact of tariffs on retail. The retail real estate investment trust saw funds from operations drop to $413.7 million in the first quarter of 2025 compared to $667.2 million in the previous quarter, while funds from its real estate operations totaled $1.113 billion compared to $1.261 billion in the last three months of 2024. The company reported more than $1.47 billion in revenue, up from $1.44 billion-plus in the fourth quarter...