Inflationary pressures and concerns about a potential U.S. recession are dimming the financial outlook of the country’s largest owner of malls and shopping centers. 
Simon Property Group expects its annual net income for shareholders to range between $6.39 and $6.49 per share, down from its previous forecast of between $6.45 and $6.60 per share, as leasing demand from retailers falls, it reported in its earnings statement on Wednesday.
The shopping center and mall giant saw a dent in its quarterly earnings, with net income attributed to shareholders falling $10M year-over-year in the second quarter to $486M, according to its quarterly report. Simon also raised its…