SPY420.86+5.94 1.43%
DIA338.78+5.82 1.75%
IXIC14,141.48+111.10 0.79%

Simon Property Group Q1 FFO, Revenue Decline

05/10/2021 12:42

04:33 PM EDT, 05/10/2021 (MT Newswires) -- Simon Property Group (SPG) reported after markets closed on Monday Q1 funds from operations of $2.48 per share, down from $2.78 per share last year. Analysts polled by Capital IQ had called for $2.27 per share.

Revenue totaled $1.24 billion for the March quarter, down from $1.35 billion a year earlier.

Looking ahead, the shopping mall real estate investment trust said it now expects full-year 2021 FFO of $9.70 to $9.80 per share, up from $9.50 to $9.75 per share originally. Analysts had a forecast of $9.66 per share.

Price: 125.75, Change: -1.00, Percent Change: -0.79