Company Earnings UpdateSimon Property Group (NYSE: SPG) 1Q19 Results: Beats Consensus on Revenues and FFO, Reiterates 2019 Guidance Coresight Research May 2, 2019 Executive Summary Simon Property Group (Simon) reported revenues of $1.45 billion, up 4.2% year over year and ahead of the $1.44 billion consensus estimate. FFO was $3.04 per share, up 5.4% and beating the consensus estimate of $3.03 per share. Sales per square foot were $660 for the trailing 12 months ended March 31, an increase of 3.1%, and the occupancy rate as of 3/31/19 was 95.1%, up from 94.6% from a year ago. The company reaffirmed its guidance of EPS of $7.30-7.40 (down 6-7%) and FFOPS of $12.30-12.40 (up 1-2%). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Financial Optimism Falls to Lowest Recorded Level: China Consumer Survey InsightsEarnings Insights 4Q24, Week 5: Most Companies Report Strong Growth Results This Week—InfographicAnalyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikApril 2025 US Retail Sales: Growth Rate Reaches New High for 2025 Despite Economic Uncertainty
