Simon Property Group (SPG) Tops Q3 FFO by 2c; Raises Outlook

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Go back to Simon Property Group (SPG) Tops Q3 FFO by 2c; Raises Outlook

Simon Property Group Reports Third Quarter 2016 Results And Raises Full Year 2016 Guidance

October 26, 2016 8:00 AM EDT

INDIANAPOLIS, Oct. 26, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, today reported results for the quarter ended September 30, 2016.

Results for the Quarter

Net income attributable to common stockholders was $504.7 million, or $1.61 per diluted share, as compared to $420.0 million, or $1.36 per diluted share, in the prior year period. Funds from Operations ("FFO") was $976.0 million, or $2.70 per diluted share, as compared to $918.7 million, or $2.54 per diluted share, in the prior year period, an increase of 6.3%.

Results for the... More