Store growth with in 2007 and beyond should boost reit growth over the next several years.

Among some trends are continued demand for space and possible expansion in the casino retail-related platform.

According to Bank of America analyst Ross Nussbaum's reports on Simon Property Group, mall and outlet fundamentals are expected to remain healthy.

"Demand for space continues to be strong, driven by square-footage expansion by existing retailers, new concepts and luxury. We continue to believe that Class A malls will absorb much of the new demand," he wrote.

Simon Property Group is his top REIT pick in the mall sector.

As far as casino retail goes, Goldman Sachs' REIT analyst Dennis Maloney noted that Taubman increased its stake in The Pier Shops in Atlantic City to 77.5 percent from 50 percent.

Maloney noted that the property appeared to be performing well, given that the first two floors, where the retailers are located, are at an 87 percent occupancy rate. He added that the investment made sense for Taubman on a long-term basis.

"Given the center's focus on the higher-end retailers, there are clear leasing synergies with Taubman's other better centers. In addition, given the company's increasing focus on casino retail, this will help build out the company's casino retail-related platform," Maloney wrote in a report.

General Growth Properties is also considering expanding into casino retail development.

"Management suggested that the company's Fashion Show Mall in Las Vegas could be the site of a major future expansion which could potentially include a casino," Rich Moore, analyst at RBC Capital Markets, wrote in a research note.

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