Simon Sees Estimates Net Income To Be Within A Range Of $7.38-$7.53 Per Diluted Share And FFO To Be Within A Range Of $12.75-$12.90 Per Diluted Share For The Year Ending December 31, 2024.
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group (SPG) forecasts its net income for the year ending December 31, 2024, to be between $7.38 and $7.53 per diluted share, and its FFO (Funds From Operations) to be between $12.75 and $12.90 per diluted share. The guidance includes adjustments for depreciation, amortization, and gains or losses on asset transactions.
May 06, 2024 | 8:09 pm
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Simon Property Group estimates its 2024 net income to range from $7.38 to $7.53 per diluted share and FFO from $12.75 to $12.90 per diluted share, reflecting adjustments for depreciation, amortization, and asset transactions.
Simon Property Group's guidance for 2024 suggests a positive outlook on its financial performance, indicating potential growth in net income and FFO. This forecast could positively influence investor sentiment and potentially lead to an increase in SPG's stock price in the short term. The detailed adjustments for depreciation, amortization, and asset transactions provide a clearer picture of the company's operational efficiency and financial health.
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