- Q1 FFO of $951.8M or $2.63 per share vs. $830.7M and $2.28 one year ago.
- Occupancy of 95.6% slips from 95.8%. Base minimum rent per square foot of $49.70 up from $47.59. Releasing spread of $10.24 per square foot down from $11.19. Total sales per square foot of $613 slips from $621.
- Comp property NOI growth of 5.1% for the quarter.
- Quarterly dividend of $1.60 per share flat from last quarter, up 6.7% Y/Y.
- Full-year FFO per share guidance of $10.72-$10.82.
- Conference call at 11 ET
- Previously: Simon Property beats by $0.09, beats on revenue (April 26)
- SPG flat premarket
Accretive development work boosts Simon Property results
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Symbol | Last Price | % Chg |
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SPG | - | - |
Simon Property Group, Inc. |