Simon Property Group Q4 Sales $1.53B Beat $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group (SPG) reported Q4 earnings of $3.69 per share, surpassing the consensus estimate of $3.34 by 10.48%. Quarterly sales reached $1.53 billion, exceeding the $1.36 billion estimate by 12.38%, marking a 9.07% increase from the previous year.
February 05, 2024 | 9:06 pm
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Simon Property Group reported higher than expected Q4 earnings and sales, indicating strong performance and potential growth.
The significant beat on both earnings per share and sales estimates by Simon Property Group suggests a strong operational performance and could lead to positive investor sentiment in the short term. The year-over-year sales growth further emphasizes the company's growth trajectory, likely making SPG an attractive asset for investors.
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