Shopping center Westfield will enter into an upgrade by developing a $1 billion on its global properties. The upgrade will involve US centers mirroring Australian centers once the retail issues are solved and improved in the US.

Mathew Bertram, an analyst of Deutsche Bank remarked that Westfield's full-year earnings of 64 cents is tied with its market expectations.

The analyst said that the company's medium-term earnings growth rate may expand to 7-8 per cent a year, and it may possibly reinvest for a development.

Wetstfield's Australian businesses has a reserve of $800 million while its US counterpart will set aside about $200 million.

The shopping center's earnings in specialty stores for three months ending in March increased to 0.4 per cent. It slightly increased to 2 per cent when department stores were included.

Sales at cinemas hiked to 22 per cent in the first quarter due to Avatar and Twilight movies shown during the summer.

Department stores had a recovery of 4.9 per cent for the quarter.

In the US, the store's performance was strong despite its negative base. The first quarter earned a 5.4 per cent, which was classified as leisure.

Westfield's joint managing director Steven Lowy said the company was progressing through its results despite that developments were put on hold until the global economy recovers.