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Simon Property Group (SPG)
:SPG
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.39Last Year’s EPS
2.25Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -12.16%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook with record FFO, strong leasing activity, and strategic acquisitions. However, there are cautious notes on future interest expenses and potential impacts from external economic factors like tariffs.Company Guidance
During the Simon Property Group's fourth quarter 2024 earnings call, guidance for fiscal year 2025 was outlined with a focus on continued growth. The company expects real estate funds from operations (FFO) to range between $12.40 and $12.65 per share, with an assumption of at least 3% domestic property net operating income (NOI) growth. Simon Property Group highlighted strong leasing activities, with over 21 million square feet leased in 2024 and an occupancy rate reaching 96.5% for malls and outlets. The company plans to fund redevelopment and mixed-use projects using internally generated cash flow, projecting over $1.5 billion post-dividend payments. Additionally, Simon Property Group completed $11 billion in financing activities in 2024, maintaining an A-rated balance sheet with more than $10 billion in liquidity. The first quarter 2025 dividend was announced at $2.10 per share, marking a 7.7% increase year-over-year.Record Funds from Operations
Reported record total funds from operations of $4.9 billion or $12.99 per share, with real estate FFO growth of 3.9% year-over-year.
Strong Leasing Activity
Signed more than 5,500 leases for over 21 million square feet, with 25% of leasing activities being new deals, leading to occupancy at malls and outlets reaching 96.5%.
Significant Redevelopment and New Developments
Completed 16 significant redevelopment projects and opened new outlets like the fully leased premium outlet in Tulsa, Oklahoma.
Deleveraged A-Rated Balance Sheet
Deleveraged the balance sheet by approximately $1.5 billion, ending the year with a net debt to EBITDA ratio of 5.2 times and over $10 billion in liquidity.
Dividend Increase
Announced a dividend of $2.10 per share for the first quarter, reflecting a year-over-year increase of 7.7%.
Acquisition of Italian Luxury Outlet Centers
Completed the acquisition of two well-known luxury outlet centers in Italy from Kering, enhancing the global portfolio.
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SPG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SPG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $171.22 | $176.91 | +3.32% |
| Nov 01, 2024 | $165.14 | $163.75 | -0.84% |
| Aug 05, 2024 | $142.76 | $149.98 | +5.06% |
| May 06, 2024 | $137.47 | $140.81 | +2.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Simon Property Group (SPG) report earnings?
Simon Property Group (SPG) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Simon Property Group (SPG) earnings time?
Simon Property Group (SPG) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPG EPS forecast?
SPG EPS forecast for the fiscal quarter 2025 (Q1) is 1.39.
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