Simon Property higher after earnings, boosted dividend

• Comparable FFO per share (takes out effect of spun off Washington Prime) of $2.47 vs. $2.20 one year ago. Quarterly dividend is hiked by a dime to $1.40 per share.
• Occupancy of 97.1% up 100 basis points Y/Y. Base minimum rent of $47.01 up 11%. Total sales per square foot of $619 up 6.4%.
• 2015 FFO is guided to $9.60-$9.70 per share (was $8.85 in 2014).
• Conference call at 11 ET
• Previously: Simon Property FFO and revenue in-line (Jan. 30)
• SPG +0.5% premarket