Simon Property Group (NYSE:SPG) reported its fourth-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share (EPS) of $1.84, slightly above the forecasted $1.82. The company also exceeded revenue projections,

(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 Group (SPG) on Tuesday posted mixed results for Q4 2024, with earnings that rose more than expected and revenue that fell short of the consensus.

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.

Reports Q4 revenue $1.58B, consensus $1.41B. Domestic property NOI increased 4.4% and portfolio NOI increased 4.5% compared to the prior year

Simon Property Group (NYSE:SPG – Get Free Report) will likely be releasing its earnings data after the market closes on Tuesday, February 4th. Analysts expect Simon Property Group to post earnings of $1.