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

Simon Property Group Inc SPG.N reported quarterly adjusted earnings of $1.27​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.25.  The mean expectation of nine analysts for the quarter was for earnings of $1.40 per share. Wall Street expected results to range from $1.19  to $1.57 per share.

Revenue rose 5% to $1.37 billion from a year ago; analysts expected $1.36 billion.

Simon Property Group Inc's reported EPS for the quarter was $1.27​.

The company reported quarterly net income of $477.86 million.

Simon Property Group Inc shares had fallen by 1.7% this quarter and lost 5.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "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 $185.00

This summary was machine generated from LSEG data May 12 at 09:01 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Mar. 31 20252.902.67Missed
Dec. 31 20243.413.68Beat
Sep. 30 20243.032.84Missed
Jun. 30 20242.942.90Missed

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