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Jun 30, 2022
Simon Q2 2022 Earnings Report
Simon's financial and operational performance was strong, as the company raised its quarterly dividend and full-year 2022 guidance.
Key Takeaways
Simon reported a strong second quarter with increased net income, FFO, and NOI. The company raised its quarterly dividend and full-year 2022 guidance, reflecting confidence in continued growth.
Net income attributable to common stockholders was $496.7 million, or $1.51 per diluted share.
Funds From Operations (“FFO”) was $1.093 billion, or $2.91 per diluted share.
Comparable FFO was $1.111 billion, or $2.96 per diluted share, growth of 1.4%.
Occupancy was 93.9% at June 30, 2022, compared to 91.8% at June 30, 2021.
Simon
Simon
Forward Guidance
The Company currently estimates net income to be within a range of $5.93 to $6.00 per diluted share and Comparable FFO will be within a range of $11.70 to $11.77 per diluted share for the year ending December 31, 2022.