That means rivals, particularly Singapore-based retail property group CapitaMall Trust may have more value relatively speaking.

FORBES

CapitaMall also has a high payout ratio consistent with the country's REIT market, while Simon has a 2.8% dividend yield.

FORBES

In Singapore, CapitaMall leases generally last 2 to 3 years, with rents often linked to turnovers, compared to the 7-10 year leases in the U.S, with small annual fee increases.

FORBES

Singapore's retail property group CapitaMall Trust is currently involved in a redevelopment project and shorter lease structures in Asia allow companies like CapitaMall Trust to be less susceptible to increases in market rents.

FORBES