Executive Summary

• Real estate investment company Simon Property Group reported fourth-quarter funds from operations (FFO) of $2.40 per share, in line with the consensus estimate of $2.40, but below the $2.47 per share recorded for the same quarter a year ago.
• Total revenue rose at a favorable rate of 6.4% year over year, to $1.38 billion, meeting the consensus estimate of $1.38 billion.
• For the fiscal first quarter of 2016, Simon Property Group forecasts FFO in the range of $10.70 to $10.80, lower than the consensus estimate for earnings of $10.89 per share.
• Simon Property Group declared a dividend of $1.60 per share, an increase of 14.3% year over year.