Simon Property Group

Financial | REIT - Retail | USA
Simon Property's (SPG) Q4 FFO & Revenues Miss Estimates

Simon Property Group, Inc. SPG, a retail real estate investment trust (REIT), reported fourth-quarter 2018 funds from operations (FFO) of $3.23 per share, which missed the Zacks Consensus Estimate by a whisker. The FFO per share figure, however, came in 3.5% higher than the year-ago tally.

Results highlight increased occupancy and leasing spread per square foot at the company’s U.S. malls and Premium Outlets. Simon Property also provided its outlook for 2019.

During the reported quarter, the company posted revenues of $1.46 billion, lagging the Zacks Consensus Estimate. However, the revenue figure compares favorably with the year-ago tally of $1.43 billion.

For full-year 2018, FFO per share came in at $12.13, in line with the Zacks Consensus Estimate. The figure also improved 8.2% year over year. Revenues for full-year 2018 improved around 2% year over year to $5.6 billion. However, revenues lagged the Zacks Consensus Estimate of $5.73 billion.

Inside the Headline Numbers

...

https://finance.yahoo.com/news/simon-pro...02629.html

Simon Property Earnings, Revenue Beat in Q1

...

The firm reported earnings per share of $1.78 on revenue of $1.45B. Analysts polled by Investing.com anticipated EPS of $1.58 on revenue of $1.44B. That compared to EPS of $2 on revenue of $1.4B in the same period a year earlier. The company had reported EPS of $2.3 on revenue of $1.46B in the previous quarter.

...

https://finance.yahoo.com/news/simon-pro...05756.html

Simon Property (SPG) Q3 FFO Meets, Revenues Beat Estimates

Simon Property Group, Inc.’s SPG third-quarter 2019 funds from operations (FFO) per share of $3.05 per share came in line with the Zacks Consensus Estimate as well as the year-ago quarter’s reported tally.

Further, the company generated revenues of nearly $1.42 billion in the quarter, which surpassed the Zacks Consensus Estimate by 0.9%. The revenue figure also comes in marginally higher than the prior-year quarter’s reported tally.


...

https://finance.yahoo.com/news/simon-pro...12831.html

Simon Property (SPG) Tops Q4 FFO and Revenue Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.96 per share, beating the Zacks Consensus Estimate of $2.95 per share. This compares to FFO of $3.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 0.34%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3.05 per share when it actually produced FFO of $3.05, delivering no surprise.

Over the last four quarters, the company has surpassed consensus FFO estimates three times.

Simon Property, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $1.49 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 1.49%. This compares to year-ago revenues of $1.46 billion.


...

https://finance.yahoo.com/news/simon-pro...01163.html

Simon Property (SPG) Lags Q1 FFO and Revenue Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.78 per share, missing the Zacks Consensus Estimate of $2.90 per share. This compares to FFO of $3.04 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of -4.14%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $2.95 per share when it actually produced FFO of $2.96, delivering a surprise of 0.34%.

Over the last four quarters, the company has surpassed consensus FFO estimates two times.

Simon Property, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $1.35 billion for the quarter ended March 2020, missing the Zacks Consensus Estimate by 2.68%. This compares to year-ago revenues of $1.45 billion.


...

https://finance.yahoo.com/news/simon-pro...09379.html