Simon Property (SPG) reported Q1 funds from operations late Monday of $2.91 per diluted share, up from $2.67 a year earlier.

Analysts polled by FactSet expected $3.01.

Revenue for the three months ended March 31 was $1.03 billion, up from $843.9 million a year earlier.

Analysts surveyed by FactSet expected $1.54 billion.

For the full-year 2026, the company now expects FFO of $13.10 to $13.25 from $13 to $13.25 earlier.

Analysts expect $13.22.

The company raised its quarterly dividend to $2.25 per share from $2.20, payable June 30 to stockholders of record June 9.