Simon® Reports 6.4% Portfolio Traffic Increase on Black Friday Weekend, with a 7.1% gain reported at Simon's Malls nationwide
Simon, a real estate investment trust, reported significant traffic growth during Black Friday weekend across its shopping centers. The company saw a 6.4% year-over-year increase in overall traffic, with malls specifically showing a 7.1% gain. Daily traffic increases were 5.9% on Black Friday, 6.3% on Saturday, and 8.2% on Sunday. Retailers within Simon's portfolio reported double-digit sales increases compared to the previous year, with multiple locations experiencing lines before opening and throughout the day.
Simon, un fondo di investimento immobiliare, ha registrato una significativa crescita del traffico durante il weekend del Black Friday nei suoi centri commerciali. L'azienda ha visto un aumento del 6,4% rispetto all'anno precedente nel traffico complessivo, con i centri commerciali che hanno mostrato un incremento del 7,1%. Gli aumenti del traffico giornaliero sono stati del 5,9% nel Black Friday, 6,3% il sabato e 8,2% la domenica. I rivenditori nel portafoglio di Simon hanno riportato aumenti di vendita a due cifre rispetto all'anno scorso, con diverse sedi che hanno visto code prima dell'apertura e per tutto il giorno.
Simon, un fideicomiso de inversión en bienes raíces, informó un crecimiento significativo del tráfico durante el fin de semana del Black Friday en sus centros comerciales. La compañía experimentó un aumento del 6,4% en comparación con el año anterior en el tráfico total, con los centros comerciales mostrando un incremento del 7,1%. Los aumentos en el tráfico diario fueron del 5,9% en Black Friday, 6,3% el sábado y 8,2% el domingo. Los minoristas dentro de la cartera de Simon reportaron aumentos de ventas de dos dígitos en comparación con el año anterior, con múltiples ubicaciones experimentando filas antes de abrir y a lo largo del día.
Simon, 부동산 투자 신탁, 블랙 프라이데이 주말 동안 쇼핑몰에서 교통량이 유의미하게 증가했다고 보고했습니다. 이 회사는 전체 교통량에서 전년 대비 6.4% 증가를 기록했으며, 쇼핑몰은 특히 7.1% 증가를 보였습니다. 블랙 프라이데이의 일일 교통량 증가는 5.9%, 토요일에는 6.3%, 일요일에는 8.2%였습니다. Simon의 포트폴리오 내 소매업체들은 전년 대비 두 자릿수 매출 증가를 보고했으며, 여러 위치에서 개장 전 및 하루 동안 줄이 생기는 상황을 경험했습니다.
Simon, un fonds d'investissement immobilier, a signalé une croissance significative du trafic pendant le weekend du Black Friday dans ses centres commerciaux. L'entreprise a enregistré une augmentation de 6,4% par rapport à l'année précédente dans le trafic global, les centres commerciaux affichant spécifiquement un gain de 7,1%. Les augmentations de trafic quotidien ont été de 5,9% le Black Friday, 6,3% le samedi et 8,2% le dimanche. Les détaillants du portefeuille de Simon ont signalé des augmentations de vente à deux chiffres par rapport à l'année précédente, avec plusieurs emplacements connaissant des files d'attente avant l'ouverture et tout au long de la journée.
Simon, ein Immobilien-Investmentfonds, berichtete von einem signifikanten Anstieg des Verkehrs während des Black Friday-Wochenendes in seinen Einkaufszentren. Das Unternehmen verzeichnete einen Anstieg von 6,4% im Jahresvergleich beim Gesamteinkaufsverkehr, wobei die Einkaufszentren speziell einen Zuwachs von 7,1% zeigten. Die täglichen Verkehrssteigerungen betrugen 5,9% am Black Friday, 6,3% am Samstag und 8,2% am Sonntag. Einzelhändler im Portfolio von Simon berichteten von zweistelligen Verkaufssteigerungen im Vergleich zum Vorjahr, wobei an mehreren Standorten vor der Öffnung und während des Tages Warteschlangen zu beobachten waren.
- 6.4% year-over-year traffic increase across all properties
- 7.1% traffic growth specifically in malls
- Progressive daily traffic improvements (5.9% Friday, 6.3% Saturday, 8.2% Sunday)
- Retailers reported double-digit sales increases compared to previous year
- None.
Insights
The 6.4% year-over-year traffic increase across Simon's portfolio, particularly the 7.1% growth in malls, signals robust consumer spending and retail resilience. The daily progression from
Retailers reporting double-digit sales increases suggests strong conversion rates, not just foot traffic. This performance contradicts the e-commerce cannibalization narrative and indicates Simon's strategic positioning in prime locations continues to drive value. The data validates the ongoing relevance of physical retail spaces, particularly in experiential shopping environments.
For investors, these metrics support Simon's ability to maintain premium lease rates and attract high-quality tenants, important for maintaining strong NOI growth and dividend sustainability.
These traffic metrics are particularly significant given the challenging macro environment and inflation concerns. The strong performance suggests Simon's premium retail locations are capturing discretionary spending from resilient upper-middle-income consumers. The broad-based growth across different center types (malls, outlets, mills) indicates portfolio diversification is working effectively.
The data points to potential upside in Q4 rental income and percentage rent collections. With retailers seeing double-digit sales growth, this strengthens Simon's position in lease negotiations and supports maintaining high occupancy rates. The strong start to the holiday season increases confidence in Simon's ability to meet or exceed its 2023 FFO guidance.
Preliminary data indicates strong traffic across Simon's Malls, Premium Outlets and Mills centers for the first holiday shopping weekend of the season
Waves of customers kicked off their holiday shopping season across Simon's portfolio of centers across the country. Year-over-year traffic was up
The growth was experienced across all of Simon's platforms with Malls up an impressive +
"On Black Friday and throughout the weekend, we saw even more evidence of what we already knew: Malls are thriving," said David Simon, Chairman, Chief Executive Officer and President of Simon. "Popular brands throughout our portfolio reported double-digit sales increases over the weekend compared to last year. Coast to coast, we saw lines prior to opening and throughout the day at many of our centers across the country. Shoppers know that Simon centers are a one-stop shop for all of their holiday needs. But beyond that, our incredible shopping destinations are places where people across all generations can connect and make holiday memories. We look forward to a continued strong holiday season."
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across
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SOURCE Simon
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