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 - Simon Property Group Inc. eased 0.03% to $173.30 after the real estate investment company beat fourth-quarter estimates for funds from operations.
Revenue increased to $1.58 billion from $1.53 billion, net income declined to $667.2 million from $747.5 million, and earnings per diluted share fell to $2.04 from $2.29 a year ago.
Funds from operations for the quarter rose to $1.389 billion from $1.382 billion, and FFO earnings per share dropped to $3.68 from $3.69 in the prior year.
Real estate funds from operations climbed to $1.26 billion from $1.21 billion, and real estate FFO per share increased to $3.35 from $3.23 a year earlier.
Looking ahead to the full year 2025, the company estimated net income between $6.95 and $7.20 per share, and real estate FFO and FFO in the range of $12.40 to $12.65 per share.
Feb 5, 2025 - Simon Property Group Inc. increased 1.4% to $106.80 after the real estate mall developer lifted its annual fund flow estimate and reported better-than-expected quarterly results.
Revenue in the quarter ending in September increased 7.2% to $1.41 billion from $1.35 billion, net income rose to $594 million from $539 million, and diluted earnings per share advanced to $1.82 from $1.65 a year ago.
Funds from operations were $1.201 billion, or $3.20 per diluted share, including the gain from SPARC stake sales, as compared to $1.099 billion, or $2.93 per diluted share, in the prior year.
The company lowered its stake in the SPARC joint venture to 33% from 50% and booked non-cash after-tax gains of $118.1 million.
The company increased quarterly dividends per share by 10 cents, or 5.6%, to $1.90 payable on December 29 to shareholders on record on December 15.
The company estimated full-year 2023 net income in the range of $6.67 and $6.77 per diluted share and funds from operations to be within a range of $12.15 to $12.25 per diluted share, an increase from the previous range of $11.85 and $11.95.
Oct 31, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 1.38 | 1.49 | 1.82 | - | - | |
| 2022 | 1.3 | 1.51 | 1.65 | 2.06 | - | |
| 2021 | 1.36 | 1.88 | 2.07 | 1.53 | 6.84 | |
| 2020 | 1.43 | 0.83 | 0.48 | 0.86 | 3.6 | |
| 2019 | 3.04 | 2.99 | 3.05 | 1.66 | 10.74 | |
| 2018 | 2.87 | 2.98 | 3.05 | 3.23 | 12.13 | |
| 2017 | 2.74 | 2.47 | 2.89 | 3.12 | 11.22 | |
| 2016 | 2.63 | 2.63 | 2.70 | 2.91 | 10.87 | |
| 2015 | 2.28 | 2.63 | 2.54 | 2.73 | 10.18 | |
| 2014 | 1.10 | 1.31 | 0.81 | 1.30 | 4.52 | |
| 2013 | 0.91 | 1.10 | 1.00 | 1.23 | 4.24 | |
| 2012 | 2.18 | 0.71 | 0.84 | 0.99 | 4.72 | |
| 2011 | 0.61 | 0.70 | 0.93 | 1.24 | 3.48 | |
| 2010 | 0.03 | 0.52 | 0.79 | 0.76 | 2.1 | |
| 2009 | 0.45 | -0.08 | 0.38 | 0.30 | 1.05 | |
| 2008 | 0.39 | 0.34 | 0.50 | 0.64 | 1.87 | |
| 2007 | 0.44 | 0.27 | 0.74 | 0.50 | 1.95 | |
| 2006 | 0.47 | 0.37 | 0.43 | 0.92 | 2.19 | |
| 2005 | 0.26 | 0.70 | 0.34 | 0.52 | 1.82 |