Simon Property key indicators malls U.S. 2023

In 2023, the ending occupancy rate of malls and premium outlets owned or partly owned by Simon Property Group stood at roughly 95 percent.
Simon Property Group is an American commercial real estate company and the largest shopping mall operator in the United States.

Key operating indicators of malls and premium outlets owned or partly owned by Simon Property Group in the United States in 2023

Key operating indicator	Value
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Release date

2024

More information

Region

United States

Survey time period

December 31, 2023

Supplementary notes

The source includes the following notes: 'Ending occupancy is the percentage of Gross Leasable Area (GLA) which is leased as the last day of the reporting period. Includes all company owned space except for mall anchors, mall majors, mall freestanding and mall outlets in the calculation.'
'Base minimum rent per square foot is the average base minimum rent charge in effect for the reporting period for all tenants that would qualify to be included in ending occupancy.'
GLA is for all retail properties.
'Given the impact of COID-19 and the governmental restrictions, the company is not presenting reported retail sales per square foot as they do not believe the trends for the period are indicative of future operating trends.'

Total values include consolidated and unconsolidated figures on a total portfolio bases. Consolidated properties are considered in the Group's financial statements and unconsolidated refer to joint ventures.

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