Friday, January 30, 2015

Simon Property higher after earnings, boosted dividend • 7:47 AM

Stephen Alpher, SA News Editor

  • Comparable FFO per share (takes out effect of spun off Washington Prime) of $2.47 vs. $2.20 one year ago. Quarterly dividend is hiked by a dime to $1.40 per share.
  • Occupancy of 97.1% up 100 basis points Y/Y. Base minimum rent of $47.01 up 11%. Total sales per square foot of $619 up 6.4%.
  • 2015 FFO is guided to $9.60-$9.70 per share (was $8.85 in 2014).
  • Conference call at 11 ET
  • Previously: Simon Property FFO and revenue in-line (Jan. 30)
  • SPG +0.5% premarket

Read comments

SPG price at time of publication: $204.76. Check SPG price now »
-