Simon Property (SPG) Q2 FFO Miss Estimates, Revenues Rise Y/Y
Simon Property(SPG) ZACKS·2024-08-07 02:01
Simon Property Group, Inc. (SPG) reported second-quarter funds from operations (FFO) per share of $2.90, missing the Zacks Consensus Estimate of $2.93. It generated revenues of $1.46 billion in the quarter, which surpassed the Zacks Consensus Estimate of $1.43 billion.On a year-over-year basis, FFO per share reported a marginal increase, while the top line rose 6.5%.Increase in Lease & Other Income Boosts RevenuesSPG’s lease income grew 4.8% year over year to $1.32 billion in the second quarter of 2024. The ...