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Sep 30, 2023
Simon Q3 2023 Earnings Report
Simon had an excellent quarter with strong financial and operational performance, demonstrating their ability to grow the business.
Key Takeaways
Simon Property Group reported a strong third quarter in 2023, with net income attributable to common stockholders increasing to $594.1 million, or $1.82 per diluted share. Funds From Operations (FFO) also saw a rise, reaching $1.201 billion, or $3.20 per diluted share. The company also increased their full year guidance.
Net income attributable to common stockholders was $594.1 million, or $1.82 per diluted share.
Funds From Operations (FFO) was $1.201 billion, or $3.20 per diluted share.
Domestic property Net Operating Income (NOI) increased 4.2%.
Portfolio NOI increased 4.3%.
Revenue by Segment
Forward Guidance
The Company currently estimates net income to be within a range of $6.67 to $6.77 per diluted share and FFO to be within a range of $12.15 to $12.25 per diluted share for the year ending December 31, 2023. The FFO per diluted share range is an increase from the $11.85 to $11.95 per diluted share range provided on August 2, 2023, or an increase of $0.30 per diluted share at the mid-point.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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