Simon Property Group (SPG) Tops Q4 FFO by 1c

Simon Property Group (NYSE: SPG) reported Q4 FFO of $2.53, $0.01 better than the analyst estimate of $2.52.

"I am pleased with our strong fourth quarter results, concluding another very successful and productive year for our company," said David Simon, Chairman and Chief Executive Officer. "In 2016, we opened three new centers, delivered four significant property transformations and completed several major financing transactions that reinforced our industry-leading balance sheet. We are also pleased to again announce an increase in our quarterly dividend to $1.75 per share, growth of 6.1% from last quarter and year-over-year increase of 9.4%."

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

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