Simon Property Group, Inc. (SPG) Tops Q2 FFO by 3c

Simon Property Group, Inc. (NYSE: SPG) reported Q2 FFO of $2.16, $0.03 better than the analyst estimate of $2.13. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.25 billion.

Simon Property Group, Inc. raised FY2014 FFO by 5 cents to $9.01-$9.11, versus the consensus of $9.15.

"I am very pleased with our quarterly results as our strong momentum continued, with 5.6% quarterly growth in comparable property net operating income," said David Simon, Chairman and CEO. "It was also an eventful quarter with our completion of the Washington Prime Group spin-off and the re-launch of our brand. Based upon our results to date and expectations for the remainder of 2014, we are again increasing our full-year 2014 guidance."

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

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