Simon Property Group Stock Volatile Following Q3 Results: Here Are The Details
Portfolio Pulse from Ryan Gustafson
Simon Property Group Inc (NYSE:SPG) reported Q3 earnings with FFO of $1.201 billion, or $3.20 per share, up from $1.099 billion, or $2.93 per share, from the same period last year. Occupancy in U.S. Malls and Premium Outlets was 95.2% by Sept. 30, an increase of 70 basis points from last year. The company estimated net income to be between $6.67 and $6.77. Full-year 2023 FFO was anticipated to be in a range between $12.15 and $12.25. Shares of SPG were up 0.76% at $105.98 in the after-hours session.
October 30, 2023 | 9:05 pm
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Simon Property Group reported increased Q3 earnings and occupancy rates. The company's shares were up in after-hours trading.
Simon Property Group reported increased Q3 earnings and occupancy rates, which are positive indicators of the company's performance. This has led to an increase in the company's stock price in after-hours trading, indicating a positive short-term impact.
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