Simon Property Group (SPG) Tops Q4 EPS by 9c

Simon Property Group (NYSE: SPG) reported Q4 EPS of $1.53, $0.09 better than the analyst estimate of $1.44. FFO was $1.160 billion, or $3.09 per diluted share, as compared to $786.6 million, or $2.17 per diluted share, in the prior year, a 42.4% increase.

"I am extremely pleased with our fourth quarter results, concluding a very productive year," said David Simon, Chairman, Chief Executive Officer and President. "In 2021, we generated record annual Funds From Operations of nearly $4.5 billion and returned approximately $2.7 billion to shareholders. We executed over 15 million square feet of leases, completed five significant domestic redevelopments, opened two new international shopping destinations, and substantially increased the profitability generated from our other platform investments during the year. Our Company is focused on unlocking value through unique and disciplined investment activities that will continue to deliver long-term growth in cash flow, FFO and dividends per share."

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

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