Simon Property: Q4 Earnings Snapshot
By AP News
Published - Feb 06, 2023, 05:54 PM ET
Last Updated - Jun 22, 2023, 11:03 PM EDT
INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Simon Property Group Inc. (SPG) on Monday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations.
The Indianapolis-based real estate investment trust said it had funds from operations of $1.18 billion, or $3.15 per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $3.14 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
