Friday, Simon Property Group Inc. (SPG) reported fourth-quarter funds from operations or FFO of $485.23 million or $1.40 per share, compared to $540.53 million or $1.86 per share in the same quarter last year.
On an adjusted basis, FFO was $573.3 million or $1.66 per share. Adjusted FFO excludes the impact of non-cash impairment charges.
Net income attributable to common stockholders was $91.5 million or $0.32 per share, compared to $145.20 million or $0.64 per share in the year ago quarter.
On an adjusted basis, net income attributable to common stockholders was $164.8 million or $0.58 per share for the quarter.
On average, 17 analysts polled by Thomson Reuters expected the company to earn $1.52 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $1.028 billion, compared to $1.029 billion in the comparable quarter last year. Analysts expected the company to report revenue of $967.76 million for the quarter.
Looking ahead to the full year 2010, the company expects FFO in the range of $5.25 - $5.40 per share with adjusted FFO in the range of $5.72 - $5.87 per share. Net income is expected to be in the range of $2.58 - $2.73 per share. Analysts currently anticipate the company to earn $5.59 per share for the full year.
The company also declared a quarterly stock dividend of $0.60 per share, payable on February 26, 2010 to stockholders of record on February 16, 2010.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.