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Simon Property 4Q buoyed by increased rents

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INDIANAPOLIS (AP) — Shopping mall operator Simon Property Group said Monday that a key measure of profitability climbed in its fourth quarter as occupancy improved and rents increased. The company said Monday that its funds from operations, or FFO, rose to $827.4 million, or $2.29 per share. That compares with $678.9 million, or $1.91 per share, a year earlier. Analysts polled by FactSet...

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