Simon Property (SPG) Beats Q4 FFO and Revenue Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.68 per share, beating the Zacks Consensus Estimate of $3.40 per share. This compares to FFO of $3.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 8.24%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3 per share when it actually produced FFO of $2.84, delivering a surprise of -5.33%.Over the last ...