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Simon Property (SPG)
NYSE:SPG
Earnings Data
Report Date
Aug 04, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.58Last Year’s EPS
1.51Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -4.05%
|Next Earnings Date:Aug 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments, such as increased occupancy, strong leasing activity, and a dividend hike, along with challenges including decreased funds from operation, economic uncertainties affecting sales, and non-cash losses. The highlights slightly outweigh the lowlights, with a strong emphasis on strategic growth and solid financial positioning.Company Guidance
During the first quarter of 2025 earnings call, Simon Property Group provided key guidance and performance metrics for the fiscal year. The company reaffirmed its full-year 2025 real estate Funds from Operations (FFO) guidance range of $12.40 to $12.65 per share, expecting results to trend towards the middle of the range due to macroeconomic uncertainties and potential impacts on retailer sales. In Q1, real estate FFO was reported at $2.95 per share, up from $2.91 the previous year, with domestic and international operations contributing $0.14 of growth driven by a 5% increase in lease income. The company signed 1,500 leases for over 5.1 million square feet, with 80% of leases expiring through 2025 already completed ahead of last year. Occupancy metrics showed positive trends, with malls and premium outlets at 95.9% and the mills at 98.4%, both showing increases compared to the prior year. Average base rents grew by 2.4% for malls and outlets, and 3.9% for mills. The quarter ended with a portfolio NOI growth of 3.6% year-over-year at constant currency. Simon Property Group's balance sheet remains robust with a net-debt to EBITDA ratio of 5.2 times and a fixed charge coverage ratio of 4.6 times. The company announced a second-quarter dividend of $2.10 per share, reflecting a 5% increase year-over-year.Positive Start to Fiscal Year 2025
Simon Property Group started 2025 with results exceeding their plan, including the acquisition of The Mall Luxury Outlets in Italy and opening an outlet in Jakarta, Indonesia.
Strong Leasing Activity
Simon Property Group signed 1,500 leases for over 5.1 million square feet in the quarter, with new deals comprising 25% of this activity.
Increased Occupancy Rates
Malls and Premium outlet occupancy increased to 95.9%, up 40 basis points, while the mills occupancy increased to 98.4%, up 70 basis points compared to the prior year.
Rising Average Base Minimum Rents
Average base minimum rents for malls and outlets increased by 2.4% year-over-year, with the mills showing a 3.9% increase.
Dividend Increase
A dividend of $2.10 per share was announced for the second quarter, marking a 5% year-over-year increase.
Stable Guidance for 2025
Simon Property Group reaffirmed their full-year 2025 real estate FFO guidance range of $12.40 to $12.65 per share.
Positive Outlook on Debt Financing
Completed 12 secured loan transactions totaling approximately $2.6 billion with a strong fixed charge coverage ratio of 4.6 times.
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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 |
|---|---|---|---|
May 12, 2025 | $171.44 | $160.88 | -6.16% |
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% |
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 (SPG) report earnings?
Simon Property (SPG) is schdueled to report earning on Aug 04, 2025, TBA Not Confirmed.
What is Simon Property (SPG) earnings time?
Simon Property (SPG) earnings time is at Aug 04, 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 (Q2) is 1.58.
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