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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.