Simon Properties Earnings Show Positive Trends For Brick-And-Mortar Retail
PYMNTS
NOVEMBER 9, 2020
The mall and outlet center real estate investment trust managed to post a profit despite a 91 percent occupancy rate and collecting on only 85 percent of its rents. Simon addressed several issues on the company’s earnings call from tax relief to the pandemic to its joint venture with Brookfield Properties to take over operations at JCPenney.
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