Simon Property Q4 FFO Beats Estimates on Higher Revenues

Simon Property Group, Inc.’s (SPG) fourth-quarter 2024 funds from operations (FFO) per share of $3.68 surpassed the Zacks Consensus Estimate of$3.40. This compares to an FFO of $3.69 per share a year ago.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect an increase in revenues, backed by a rise in the base minimum rent per square foot and occupancy levels. SPG issued its guidance for 2025 FFO per share.Simon Property generated revenues of$1.58 billion in the quarter, ...