Simon Property boosts full year guidance

|About: Simon Property Group, Inc. (SPG)|By:, SA News Editor

Q2 FFO of $783.8M or $2.16 per share up from $766.3M or $2.11 one year ago. This Q's FFO results include a $0.10 per share hit from the Washington Prime spin-off.

Comparable property NOI growth of 5.6%.

Occupancy of 96.5% vs. 95.1% one year ago.

Base minimum rent per square foot of $45.83 up 10.7% Y/Y. Total sales per square foot of $608 up 5.4%.

Full year FFO per share guidance boosted by a nickel to $9.01-$9.11.

Conference call at 11 ET

SPG no action premarket