Earnings Preview: Simon Property Group

Simon Property Group (SPG), a REIT, is expected to report Q3 earnings before market open Monday, Nov. 3, with a conference call scheduled for 11:00 am ET.

Guidance

Analysts are looking for EPS of $1.57 on revenue of $923.71M. The consensus range for EPS is $1.49 to $1.65, while the consensus range for revenue is $18.52B to $26.78B, according to First Call.

Analyst Views

Keefe Bruyette recently predicted that the economic slump and the credit crunch would cause some REITs to lower their guidance. On a positive note, Raymond James earlier this month upgraded Simon to Outperform from Market Perform.

The New York Times recently predicted that Simon Property Group may look to buy General Growth Properties (GGP), another REIT.