Simon Increases Forecast After Second-Quarter FFO Climbs 18%
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Simon Property Group Inc., the largest U.S. shopping-mall owner, raised its dividend and increased its full-year forecast for funds from operations after second-quarter FFO climbed 18 percent.
FFO, which gauges a property company’s ability to generate cash, will be $7.60 to $7.70 a share this year, the Indianapolis-based real estate investment trust said today in a statement. That compares with a previous forecast of $7.50 to $7.60. Simon boosted its dividend to $1.05 a share from $1.