Simon Property Group Q4 Profit Down
(RTTNews) - Simon Property Group, Inc. (SPG) Tuesday reported a fourth-quarter net income of $667.2 million or $2.04 per share, compared to $747.5 million or $2.29 per share last year. Funds from operations for the quarter were $1.389 billion or $3.68 per share as compared to $1.382 billion or $3.69 per share in the prior year.
Simon Property: Q4 Earnings Snapshot
The shopping mall real estate investment trust, based in Indianapolis, posted revenue of $1.58 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.55 billion. Simon Property expects full-year funds from operations to be $12.40 to $12.65 per share.
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