Stay Ahead of the Game With Simon Property (SPG) Q2 Earnings: Wall Street's Insights on Key Metrics

Core Insights - Simon Property (SPG) is expected to report quarterly earnings of $3.04 per share, reflecting a 4.8% increase year-over-year, with revenues projected at $1.51 billion, a 3.3% increase from the previous year [1]. Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 0.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Forecasts - Analysts estimate 'Revenue- Management fees and other revenues' to be $34.47 million, a year-over-year increase of 3.9% [5]. - 'Revenue- Lease income' is projected to reach $1.39 billion, indicating a 5.4% increase from the prior-year quarter [5]. - 'Revenue- Other income' is expected to be $94.02 million, reflecting a year-over-year decline of 14% [5]. Key Metrics - The consensus for 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' is 96.0%, up from 95.6% in the same quarter last year [6]. - 'Depreciation and amortization' is forecasted to reach $326.23 million [6]. - Over the past month, shares of Simon Property have increased by 2.3%, compared to a 3.4% increase in the Zacks S&P 500 composite [6].