Business Services Industry
Westfield's US rival posts lower quarter, buys stores.
Australasian Business Intelligence, April, 2007
Apr 29, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Simon Property Group has reported an eight per cent fall in 2007 first-quarter earnings. Net income dropped to $US112.8 million, while revenue rose 8.2 per cent to $US852.1 million. The fall in earnings has been attributed to the fact that previous-year gains were not repeated. Simon Property is the major global rival to Australia's Westfield Group and owns or holds stakes in more than 300 properties. Simon Property, along with Farallon Capital Management, recently completed its cash tender for Mills Corporation.
Publication Date: 30 April 2007
WESTFIELD GROUP - ASX WDC
SIMON PROPERTY GROUP INCORPORATED
MALL OF AMERICA
INTERNATIONAL COUNCIL OF SHOPPING CENTRES...
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