Simon Property Group Inc reports results for the quarter ended in September - Earnings Summary

Simon Property

30/10/2023 21:01

* Simon Property Group Inc  SPG.N  reported quarterly
adjusted
earnings of $1.82​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of $1.55 per share.
    * Revenue rose 6.9% to $1.30 billion from a year ago;
analysts
expected $1.27 billion. 
    * Simon Property Group Inc's reported EPS for the quarter
was
$1.82​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Simon Property Group Inc shares had fallen by 3.2% this
quarter and lost 11.0% so far this year.
    * The company reported quarterly net income of $594.14
million.
    * Wall Street's median 12-month price target for Simon
Property
Group Inc is $124.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 30 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.97           3.20           Beat
 Jun. 30 2023      2.92           2.88           Missed
 Mar. 31 2023      2.81           2.74           Missed
 Dec. 31 2022      3.15           3.40           Beat