Simon Property Group Reports Q1 2025 Net Income of $413.7 Million, EPS Drops to $1.27 from $2.25 in 2024

Reuters
05-13
Simon Property Group Reports Q1 2025 Net Income of $413.7 Million, EPS Drops to $1.27 from $2.25 in 2024

Simon Property Group Inc., a real estate investment trust, released its first quarter 2025 results, highlighting a net income attributable to common stockholders of $413.7 million, or $1.27 per diluted share. This represents a decrease compared to the $731.7 million, or $2.25 per diluted share, reported in the first quarter of 2024. The reduction in net income is primarily attributed to a $54.8 million unrealized mark-to-market loss from a fair value adjustment of the Klépierre exchangeable bonds issued in November 2023. Simon Property Group also reported the acquisition of The Mall Luxury Outlets in Italy and the opening of Jakarta Premium Outlets in Indonesia. The company reaffirmed its full-year 2025 guidance for Real Estate FFO (Funds from Operations) per share, maintaining its outlook despite shifting macroeconomic conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Simon Property Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-047299), on May 12, 2025, and is solely responsible for the information contained therein.

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