tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Simon Property reports Q3 FFO $3.20 with items, consensus $2.98

Reports FFO includes non-cash after-tax gains of $118.1M, or 32c per diluted share, primarily due to the partial sale of the Company’s ownership interest in its SPARC Group joint venture. Reports Q3 revenue $1.41B, consensus $1.27B. Domestic property NOI increased 4.2% and portfolio NOI increased 4.3%, in each case, compared to the prior year period. “We produced an excellent quarter highlighted by strong financial and operational performance,” said David Simon, Chairman, CEO and President. “We continue to demonstrate our ability to grow our business.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on SPG:

Disclaimer & DisclosureReport an Issue

1