Simon Property (SPG) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Simon Property (SPG) reported $1.47 billion in revenue for Q1 2025, a year-over-year increase of 2.1% [1] - The EPS for the same period was$ 2.95, compared to $2.25 a year ago, indicating a positive growth trend [1] - The reported revenue was slightly below the Zacks Consensus Estimate of$ 1.48 billion, resulting in a revenue surprise of -0.67% [1] - The EPS exceeded the consensus estimate of $2.91, leading to an EPS surprise of +1.37% [1] Financial Metrics - Occupancy rate for U.S. Malls and Premium Outlets was 95.9%, slightly below the three-analyst average estimate of 96.5% [4] - Revenue from management fees and other revenues was$ 33.79 million, surpassing the estimated $31.10 million, reflecting a year-over-year increase of +14.7% [4] - Lease income revenue was$ 1.37 billion, slightly above the estimated $1.35 billion, showing a +5% change compared to the previous year [4] - Other income revenue was$ 71.79 million, significantly below the estimated $98.36 million, representing a decline of -35% year-over-year [4] - Net Earnings Per Share (Diluted) was$ 1.27, lower than the average estimate of $1.46 [4] Stock Performance - Simon Property shares have returned +10.1% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]