Simon Property Group Inc reports results for the quarter ended December 31 - Earnings Summary

Simon Property

04/02/2025 22:53

* Simon Property Group Inc  SPG.N  reported quarterly
adjusted
earnings of $2.04​​ per share for the quarter ended December 31,
lower than the same quarter last year, when the company reported
EPS of $2.29.  The mean expectation of nine analysts for the
quarter was for earnings of $1.93 per share. Wall Street
expected results to range from $1.72  to $2.03 per share.
    * Revenue rose 5.1% to $1.43 billion from a year ago;
analysts
expected $1.40 billion. 
    * Simon Property Group Inc's reported EPS for the quarter
was
$2.04​.
    * The company reported quarterly net income of $667.23
million.
    * Simon Property Group Inc shares had risen by 0.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 12
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Simon Property
Group Inc is $187.50 
This summary was machine generated from LSEG data February 4 at
10:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      3.41           3.68           Beat
 Sep. 30 2024      3.03           2.84           Missed
 Jun. 30 2024      2.94           2.90           Missed
 Mar. 31 2024      2.81           3.56           Beat