Simon Property Group beats Q2 revenue estimates, raises FY FFO guidance
Simon Property Group reported Q2 revenue of $1.79 billion, surpassing the $1.71 billion consensus, and declared a quarterly dividend of $1.04688 per share. The company also guided full-year FFO per share to $13.20–$13.30.
SPG
Simon Property Group posted second-quarter revenue of $1.79 billion, topping analyst estimates of $1.71 billion. Net income came in at $574.1 million, with diluted earnings per share of $1.49.
The company declared a quarterly dividend of $1.04688 per share and provided full-year funds from operations (FFO) per share guidance of $13.20 to $13.30. On an alternate basis, EPS was $3.18.
Source: First Squawk