Simon Property Group Inc
- Simon Property Group Inc. advanced 0.9% to $173.0 after the real estate company reported first-quarter 2025 results.
Revenue climbed to $1.47 billion from $1.44 billion, net income dropped to $413.70 million from $731.70 million, and diluted earnings per share fell to $1.27 from $2.25 a year ago.
The company proposed a quarterly dividend of $1.05 per share payable on June 30 to shareholders on record on June 16.
The real estate company reaffirmed its full-year outlook for funds from operations to be between $12.40 and $12.65 per diluted share, compared to $12.24 per diluted share in 2024.
Net income per diluted share is estimated to be between $6.67 and $6.92, compared to $7.26 per diluted share a year ago.
May 13, 2025
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