Simon Property Group Q1 FFO, Revenue Decline
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