Simon Property Group

Simon Property (SPG) Tops Q4 FFO and Revenue Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.96 per share, beating the Zacks Consensus Estimate of $2.95 per share. This compares to FFO of $3.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 0.34%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3.05 per share when it actually produced FFO of $3.05, delivering no surprise.

Over the last four quarters, the company has surpassed consensus FFO estimates three times.

Simon Property, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $1.49 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 1.49%. This compares to year-ago revenues of $1.46 billion.


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https://finance.yahoo.com/news/simon-pro...01163.html