Simon Property Group Reported In-line with Expectations

Simon Property Group (SPG) reported earnings of $2.95 per share on revenue of $1.47 billion for the first quarter ended March 2025. The consensus earnings estimate was $2.91 per share on revenue of $1.48 billion. The Earnings Whisper number was $2.95 per share. The company reported in-line with expectations while revenue grew 2.11% on a year-over-year basis.

The company said it continues to expect 2025 funds from operations of $12.40 to $12.65 per share. The current consensus FFO estimate is $12.54 per share for the year ending December 31, 2025.

Simon Property Group Inc is real estate investment trust. It owns, develops and manages retail real estate properties such as malls, outlets and community and lifestyle centers.