Simon Property Group Inc (SPG) announced a profit for its second quarter that climbed from the same period last year.
The company's earnings came in at $617.26 million, or $1.88 per share. This compares with $254.21 million, or $0.83 per share, in last year's second quarter.
Excluding items, Simon Property Group Inc reported adjusted earnings of $1.22 billion or $3.24 per share for the period.
Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.9% to $1.25 billion from $1.06 billion last year.
Simon Property Group Inc earnings at a glance:
-Earnings (Q2): $1.22 Bln. vs. $0.75 Bln. last year.-EPS (Q2): $3.24 vs. $2.12 last year.-Analysts Estimate: $1.00-Revenue (Q2): $1.25 Bln vs. $1.06 Bln last year.
-Guidance:Full year EPS guidance: $5.47 to $5.57
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