Simon Property Group Sees FY23 FFO $11.85-$11.95
Portfolio Pulse from Happy Mohamed
Simon Property Group has updated its FY23 FFO guidance to a range of $11.85 to $11.95 per diluted share, up from the previous range of $11.80 to $11.95. The company also estimates net income to be within a range of $6.39 to $6.49 per diluted share for the year ending December 31, 2023.
August 04, 2023 | 12:08 pm
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POSITIVE IMPACT
Simon Property Group's updated FY23 FFO guidance could potentially lead to a positive market reaction.
The company's updated guidance indicates an increase in expected earnings, which is generally viewed positively by the market. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100