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 »

Popular posts from this blog

Maverik Adventure's First Stop stores follow a modern, customer-focused prototype design that emphasizes an open, airy interior, strong sightlines for security (from the point-of-sale counter), and a strong "Adventure's First Stop" theme with immersive outdoor-inspired murals, wood accents, and vibrant graphics. Newer stores typically range from about 4,400–6,000 sq ft for the convenience store building itself, with total site development often on 3–10+ acres depending on truck/RV amenities.

Image
Typical Store Interior Layout Entry and Customer Service : The point-of-sale counter is positioned near the main entrance for quick greetings by staff ("Adventure Guides") and excellent visibility across the store to deter theft. BonFire Grill (Food Service) : This is front-and-center upon entry — an open kitchen/prep area where customers can see fresh food being made daily (burritos, sandwiches, wraps, pizzas, salads, mac & cheese bowls, smoked meats, etc.). It creates an immediate "fresh food" impression rather than hidden back-of-house prep. Beverage and Cold Sections : Large beverage coolers, extensive soft drink and coffee fountains, and nitro/bean-to-cup options are prominent. Merchandise and Essentials : Well-stocked shelves for snacks, travel items, camping gear, beer/wine (where allowed), and convenience goods. The layout flows logically from food → drinks → general merchandise. Seating : Indoor seating areas (tables/chairs) plus outdoor picnic/se...
Read more