Simon Property Q1 FFO, Revenue Rise; 2026 Guidance Revised
MT Newswires Live
May 12
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.