Simon Q4 2022 Earnings Report
Key Takeaways
Simon reported a net income attributable to common stockholders of $673.8 million, or $2.06 per diluted share, and comparable FFO of $1.183 billion, or $3.15 per diluted share, for the fourth quarter of 2022. Occupancy increased to 94.9% at December 31, 2022, and base minimum rent per square foot increased to $55.13.
Net income attributable to common stockholders was $673.8 million, or $2.06 per diluted share.
Comparable Funds From Operations (FFO) was $1.183 billion, or $3.15 per diluted share.
Domestic property NOI increased 5.8% and portfolio NOI increased 6.3%.
Occupancy was 94.9% at December 31, 2022, an increase of 1.5%.
Simon
Simon
Simon Revenue by Segment
Forward Guidance
The Company currently estimates net income to be within a range of $6.35 to $6.60 per diluted share and Comparable FFO to be within a range of $11.70 to $11.95 per diluted share for the year ending December 31, 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income