Westfield owner Scentre Group has beat analyst forecasts, with underlying half-year profit rising 3%.
Scentre Group reported a profit of $1.46 billion for the half year ended June 30.
Funds from operations (FFO) were $657.2 million, again beating forecasts of $646.6 million. Scentre Group expects FFO growth of 4% for 2018.
CEO Peter Allen said the company has been diversifying its retail space offerings, with non-traditional assets like luxury dining and entertainment.
This includes cinemas and luxury dining to offset the downturn in brick-and-mortar shopping.
"We are making excellent progress on our customer-focused strategy and real-time ability to act on customer feedback".
"This has enabled us to curate a unique product and service mix in each of our living centres and create places that people want to visit," he said.