Simon Property Group, Inc. SPG, a retail real estate investment trust (REIT), reported third-quarter 2017 funds from operations (FFO) of $2.89 per share, which surpassed the Zacks Consensus Estimate by a penny. The FFO per share figure also expanded 7.0% from the year-ago tally of $2.70. Results highlight improved property performance and growth in revenues. The company also announced a hike in quarterly dividend. During the quarter, the company posted revenues of $1.4 billion, which nearly came in line with the Zacks Consensus Estimate. It compared favorably with the year-ago figure of $1.36 billion. Inside the Headline Numbers For the U.S. Malls and Premium Outlets portfolio, occupancy was 95.3% as of Sep 30, 2017. Base minimum rent per square feet rose 3.3% year over year to $52.42 as of Sep 30, 2017. Further, leasing spread per square foot for the trailing 12-month period ended Sep 30, 2017 increased 11.2% to $7.21.