Westfield Group says its United States shopping centres escaped major damage from superstorm Sandy, while sales in its Australian stores are sluggish.
Westfield has 47 centres in the US, and several in New Jersey, New York and Connecticut where the storm has caused severe damage.
"Thankfully our centres on the east coast which were affected by Hurricane Sandy did not sustain any major damage," joint chief executives Peter Lowy and Steven Lowy said in a statement.
"Our team has done a tremendous job with the majority of centres operational within 12 hours of the storm passing."
The news came as Westfield delivered its latest quarterly trading update, which showed comparable specialty retail sales growth in the 12 months to September 30 was just 1.2 per cent in Australia, and 1.8 per cent in New Zealand.
Westfield has 49 major shopping centres in Australia and New Zealand, which it owns in a joint venture with its property investment arm Westfield Retail Trust.
"In Australia retail conditions remain subdued," the Lowys said.
Sales growth was strongest in Victoria, Queensland and Western Australia, while sales fell in South Australia and the ACT and were flat in NSW.
Despite weak conditions in Australia, Westfield centres remain 99.5 per cent leased.
Comparable specialty retail sales in the year to September rose by 8.4 per cent in Westfield's United States portfolio, and by 14.5 per cent in Brazil.
Westfield said it expected to begin new developments in 2013 worth between $1.25 billion and $1.5 billion.
It also confirmed its forecast of a 49.5 cent distribution per security in 2012.
Westfield Retail Trust confirmed its forecast of a distribution of 18.75 cents per stapled security.