logo
Share SHARE
FONT-SIZE Plus   Neg

Simon Property Group Q1 FFO Rises; Revises FY 2012 Guidance - Quick Facts

Simon Property Group Inc. (SPG) Friday released the results for the first quarter ended 31 March 2012, reporting rise in funds from operations, or FFO, for the first quarter at $648.7 million, or $1.82 per diluted share, compared to $570.6 million, or $1.61 per diluted share reported for the same quarter last year.

Twenty analysts polled by Thomson Reuters estimated FFO of $1.68 per share for the quarter. Analysts' estimates usually exclude special items.

Net income attributable to common stockholders for the first quarter of 2012 increased to $645.4 million, or $2.18 per diluted share, from $179.4 million, or $0.61 per diluted share, reported for the same quarter last year.

Total revenues for the first quarter improved to $1.12 billion from $1.02 billion reported in the year-ago quarter, with minimum rent revenues rising to $702.02 million from $644.33 million in the previous year. Seven analysts polled by Thomson Reuters estimated revenues of $1.05 billion for the quarter.

Looking ahead, the company revised its FFO guidance for the full year 2012, and now projects 2012 FFO in the range of $7.50 to $7.60 per share. Consensus of analysts' estimates currently sees FFO of $7.48 per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
So far this year, 23 novel drugs have already received FDA approval. Now let's take a look at the biotech stocks waiting to hear from the FDA in July. President Donald Trump has continued his assault on one of his favorite targets on Wednesday, lashing out at major media outlets in a series of posts on Twitter. Trump singled out the New York Times and the Washington Post in his tweets, describing the newspapers as "fake news." Christoph, born on-board a Spirit flight destined to Dallas from Fort Lauderdale airport, can celebrate all his forthcoming birthdays in life with a free travel on Spirit airline.
comments powered by Disqus
RELATED NEWS
Trade SPG now with 
Follow RTT