Simon Property Group Inc reports results for the quarter ended June 30 - Earnings Summary
Simon Property Group Inc reports results for the quarter ended June 30 - Earnings Summary
Simon Property Group Inc SPG.N reported quarterly adjusted earnings of $1.49 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.70. The mean expectation of eight analysts for the quarter was for earnings of $1.67 per share. Wall Street expected results to range from $1.61 to $1.79 per share.
Revenue rose 20.3% to $1.66 billion from a year ago; analysts expected $1.61 billion.
Simon Property Group Inc's reported EPS for the quarter was $1.49.
The company reported quarterly net income of $483.14 million.
Simon Property Group Inc shares had fallen by 0.3% this quarter and gained 20.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.3% 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," 15 "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 $220.00, about 0.3% below its last closing price of $220.55
This summary was machine generated from LSEG data August 10 at 09:00 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 |
Jun. 30 2026 | 3.22 | 3.12 | Missed |
Mar. 31 2026 | 3.03 | 2.91 | Missed |
Dec. 31 2025 | 3.47 | 3.27 | Missed |
Sep. 30 2025 | 3.12 | 3.25 | Beat |
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