- 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%).
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