Simon Property (SPG) Up on Q1 FFO Beat, Outlook & Dividend Raise

Shares of Simon Property Group, Inc. (SPG) have been up more than 2% during today’s pre-market session on the NYSE today after this retail REIT behemoth came up with better-than-expected first-quarter funds from operations (FFO) per share yesterday. SPG also increased its 2024 FFO per share outlook and raised its dividend.Simon Property's first-quarter 2024 FFO per share of $3.56 surpassed the Zacks Consensus Estimate of$2.80. Also, the figure increased from $2.74 reported in the year-ago period.Results re ...