Simon Property Group's Southpark in Charlotte, North Carolina. (Photo: Simon Property Group)

Simon Property Group has reported a funds from operations (FFO) of USD1.151 billion for the quarter that ended 31 December 2018, representing USD3.23 per diluted share.

This is an increase of 3.5% as compared to the FFO of USD1.115 billion, or USD3.12 per diluted share, in the prior year period.

Accordingly, FFO for FY 2018 came in at USD4.325 billion, or USD12.13 per diluted share.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.