Simon Property Group (SPG) Tops Q2 FFO by 27c/Share
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Simon Property Group Reports Second Quarter 2015 Results And Raises Quarterly Dividend And Full Year 2015 Guidance
July 24, 2015 7:00 AM EDTINDIANAPOLIS, July 24, 2015 /PRNewswire/ -- Simon, a leading global retail real estate company, today reported results for the quarter ended June 30, 2015.
Results for the Quarter 1
Funds from Operations ("FFO") was $955.4 million, or $2.63 per diluted share, as compared to $783.8 million, or $2.16 per diluted share, in the prior year period, a 21.8% increase. Included in the second quarter 2015 results is $80.2 million, or $0.22 per diluted share, related to a gain upon sale of marketable securities. The second quarter 2014 results include a net contribution of $0.05 per... More