Nov 3 (Reuters) - Commercial real estate investment

trust Simon Property Group ( SPG ) raised full-year forecast for

real estate funds from operations on Monday, driven by resilient

leasing demand across its shopping centers.

The mall operator, which counts LVMH, the luxury

conglomerate behind Louis Vuitton and Tiffany & Co, among its

tenants, expects 2025 real estate FFO, a key performance metric

for REITs, to be between $12.60 and $12.70 per share. That

compares with its previous target of $12.45 to $12.65 per share.

Peer Regency Centers ( REG ) also raised its annual FFO

target last week, citing strong leasing demand.

Simon Property's ( SPG ) occupancy at malls and premium outlets was

96.4% at September 30, 2025, compared with 96.2% at September

30, 2024.

Its base minimum rent per square foot rose to $59.14 from

$57.71.

Simon Property Group ( SPG ) reported third-quarter real estate FFO

of $3.22 per share, compared with $3.05 per share a year

earlier.

The company's revenue from lease income rose to $1.45

billion, from $1.34 billion a year ago.