Simon Property Q3 FFO Lags Estimates, Dividend Hiked 2.4%

Simon Property Group, Inc. (SPG) reported third-quarter funds from operations (FFO) per share of $2.84, missing the Zacks Consensus Estimate of $3. The figure decreased from $3.20 reported in the year-ago period.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect higher interest expenses on a year-over-year basis. However, an increase in revenues, backed by a rise in the base minimum rent per square foot and occupancy levels, supported the results to some extent. SPG rai ...