Quick - service restaurants were the top performer based on same -
store sales in the third
quarter with a growth
of 2.2 percent, and have posted the highest total sales growth
during the
first half
of this
year, at a rate
of 4.7 percent.
General Growth's same
store NOI for the
first quarter of 2007 was only 0.5 percent compared to 8.5 percent in the
first quarter of 2006, due to lease termination fees carried over from last
year, but its occupancy rate, at 92.9 percent, was 1.8 percent higher
during the same period last
year and its sales per square foot increased more than 3 percent since the
first quarter of 2006 to $ 458.