Simon Property (SPG) Q2 FFO Lags, Dividend & '24 Outlook Raised

Simon Property Group, Inc. (SPG) reported second-quarter funds from operations (FFO) per share of $2.90, missing the Zacks Consensus Estimate of $2.93. However, the figure increased from $2.88 reported in the year-ago period.Results reflect higher interest expenses on a year-over-year basis. However, an increase in revenues, backed by a rise in the base rent per square foot and occupancy levels supported the results to some extent. SPG also increased its 2024 FFO per share outlook and raised its dividend.Si ...