Simon Property (SPG) Q4 FFO Beat Estimates on Higher Revenues
Simon Property(SPG) Zacks Investment Research·2024-02-07 00:31
Simon Property Group, Inc.’s (SPG) fourth-quarter 2023 funds from operations (FFO) per share of $3.69 surpassed the Zacks Consensus Estimate of $3.34. Revenues of $1.53 billion outpaced the Zacks Consensus Estimate of $1.46 billion.Its FFO per share reported an 8.5% increase year over year. Revenues rose 9.1% year over year.For the full-year 2023, the FFO per share came in at $12.51, higher than the prior-year tally of $11.95, beating the Zacks Consensus Estimate of $12.16. This was backed by 6.9% growth in ...