BusinessFebruary 14, 2000
BUSINESS MEMO: WESTFIELD EARNINGS
Westfield American Inc., a real estate investment trust and owner of 38 regional Westfield Shoppingtown shopping centers, including West Park Mall of Cape Girardeau, has reported increased earnings for the fourth quarter, ending Dec. 31. Annual funds from operations were $177 million, or $1.73 a share. Total mall sales far the year were $3.2 billion, up 6 percent from 1998...
Westfield American Inc., a real estate investment trust and owner of 38 regional Westfield Shoppingtown shopping centers, including West Park Mall of Cape Girardeau, has reported increased earnings for the fourth quarter, ending Dec. 31.
Annual funds from operations were $177 million, or $1.73 a share. Total mall sales far the year were $3.2 billion, up 6 percent from 1998.
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Mall shop space was 94 percent leased at the end of the year, representing 1,557,959 square feet.
During the fourth quarter, funds from operations were $49.7 million, or 47 cents a share, on sales of $1.2 billion, up 6.5 percent from the same quarter a year ago.
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