Westfield Group (ASX:WDC) is the largest retail property group in the world by equity market capitalisation. It has investment interests in 126 shopping centres in Australia, New Zealand and the United States.
Westfield, which is among the blue chip stocks, has released its 3rd quarter operating update for the nine months to 30 September 2011.
WDC reaffirmed its full year earnings forecast, saying it is seeing growth in all of its markets.
Current full year forecast for distribution per security is 48.4 cents, whilst operational segment earnings are expected to be 74.6 cents per security.
Westfield did outline their new development projects for the next few years with $1.25 Billion to be spent in 2012 and a further $1.5 Billion in 2013.