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Simon Property CEO: Retail is “Stabilizing”

Despite the significant challenges that plagued retail last year, the largest mall owner in the U.S. continues to thrive, and its CEO predicts a better 12 months ahead. In its earnings release Wednesday, Simon Property Group reported net income for the fourth quarter ended Dec. 31 of $571.1 million, or $1.84 per diluted share. That’s…

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