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Dec 31, 2019
Simon Q4 2019 Earnings Report
Reported fourth quarter and full year 2019 results, showing a successful and productive year with strategic investments and shareholder returns.
Key Takeaways
Simon Property Group reported positive fourth quarter results, concluding a successful year marked by new developments, international expansions, and strategic investments. The company returned approximately $3.3 billion to shareholders during the year and continues to strengthen its portfolio through innovative investment activities.
Comparable property NOI growth for the full year 2019 was 1.7%.
The Company paid $8.30 per share in dividends during 2019, an increase of 5.1% compared to the prior year.
Construction continues on five new outlet development projects and 15 redevelopment projects of former department store spaces.
Simon had more than $7.1 billion of liquidity as of December 31, 2019.
Revenue by Segment
Forward Guidance
The Company currently estimates net income to be within a range of $7.15 to $7.30 per diluted share for the year ending December 31, 2020 and that FFO will be within a range of $12.25 to $12.40 per diluted share.
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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