Simon Property (SPG) Tops Q1 FFO and Revenue Estimates

Simon Property (SPG) came out with quarterly funds from operations (FFO) of $3.56 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to FFO of $2.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 27.14%. A quarter ago, it was expected that this shopping mall real estate investment trust would post FFO of $3.34 per share when it actually produced FFO of $3.69, delivering a surprise of 10.48%.Over the ...