Simon Property (SPG) Q3 FFO Lag Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $2.84 per share, missing the Zacks Consensus Estimate of $3 per share. This compares to FFO of $3.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of -5.33%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $2.93 per share when it actually produced FFO of $2.90, delivering a surprise of -1.02%. Over the l ...