- Q3 comparable FFO per share of $2.25 vs. $1.97 one year ago.
- Comparable property NOI growth of 5.3% (excludes now spun off WPG properties). Occupancy of 96.9% up 140 basis points. Base minimum rent of $46.29 per square foot up 10.9%. Total sales per square foot of $613 up 5.9%.
- Full-year FFO guidance is boosted to $8.84-$8.88 per share, and guidance for net income is lifted to $4.45-$4.49 per share. This represents an increase of $0.15 per share from the midpoint of previous guidance from this summer.
- Conference call at 11 ET
- Previously: Simon Property beats by $0.31, beats on revenue
- SPG flat premarket
Simon Property beats and lifts guidance
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Symbol | Last Price | % Chg |
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SPG | - | - |
Simon Property Group, Inc. |