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Simon Property Group (SPG) Tops Q3 EPS by 2c

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October 27, 2017 8:32 AM EDT

Simon Property Group (NYSE: SPG) reported Q3 EPS of $1.65, $0.02 better than the analyst estimate of $1.63.

2017 Guidance

The Company currently estimates net income to be within a range of $6.23 to $6.28 per diluted share for the year ending December 31, 2017 and that FFO will be within a range of $11.17 to $11.22 per diluted share. This current range is an increase of $0.03 on the low end compared to the range provided on August 1, 2017 and includes an expected $0.03 per diluted share negative impact in the fourth quarter due to the ongoing repair and restoration of the Company\'s two centers located in Puerto Rico.

The following table provides the reconciliation for the expected range of estimated net income available to common stockholders per diluted share to estimated FFO per diluted share:

End

Estimated net income available to common stockholders

per diluted share

$6.23

$6.28

Depreciation and amortization including Simon\'s share

of unconsolidated entities

4.95

4.95

Gain upon acquisition of controlling interest, sale or disposal

of assets and interest in unconsolidated entities, net

(0.01)

Estimated FFO per diluted share

$11.17

$11.22

For earnings history and earnings-related data on Simon Property Group (SPG) click here.


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