https://assets.capyfin.com/instruments/678fdc13234e27009c5d5928.png avatar
Simon
🇺🇸 NYSE:SPG
View Company
OverviewEarningsDividends
•
Sep 30, 2022

Simon Q3 2022 Earnings Report

Simon reported excellent financial and operational performance, increasing full-year 2022 guidance and raising quarterly dividend.

Key Takeaways

Simon had an excellent quarter with strong financial and operational performance. Net income attributable to common stockholders was $539.0 million, or $1.65 per diluted share. Comparable FFO was $1.113 billion, or $2.97 per diluted share.

Net income attributable to common stockholders was $539.0 million, or $1.65 per diluted share.

Comparable FFO was $1.113 billion, or $2.97 per diluted share.

Domestic property NOI increased 2.3% and portfolio NOI increased 3.2%.

Occupancy was 94.5% at September 30, 2022, compared to 92.8% at September 30, 2021, an increase of 1.7%.

Total Revenue
$1.32B
Previous year: $1.3B
+1.5%
EPS
$2.93
Previous year: $3.13
-6.4%
US Malls/Outlets Occupancy
94.5%
Previous year: 92.8%
+1.8%
Gross Profit
$1.06B
Previous year: $1.05B
+1.4%
Cash and Equivalents
$602M
Previous year: $438M
+37.2%
Total Assets
$32.8B
Previous year: $33.9B
-3.4%

Simon

Simon

Simon Revenue by Segment

Forward Guidance

The Company currently estimates net income to be within a range of $6.16 to $6.21 per diluted share and Comparable FFO to be within a range of $11.83 to $11.88 per diluted share for the year ending December 31, 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Simon