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Mall landlord Simon Property reports 8.4% fall in revenue

05/10/2021 16:16
Mall landlord Simon Property reports 8.4% fall in revenue

- Simon Property Group Inc SPG.N reported an 8.4% fall in quarterly revenue on Monday, as the largest U.S. mall owner collected less rent from tenants who are still dealing with the effects of the COVID-19 pandemic.

Total revenue fell to $1.24 billion from $1.35 billion in the first quarter ended March 31.


(Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber)

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