Simon Q4 2024 Earnings Report
Key Takeaways
Simon Property Group reported net income attributable to common stockholders of $667.2 million, or $2.04 per diluted share, and FFO of $1.389 billion, or $3.68 per diluted share for the fourth quarter of 2024. Occupancy increased to 96.5% and base minimum rent per square foot increased to $58.26.
Net income attributable to common stockholders was $667.2 million, or $2.04 per diluted share.
FFO was $1.389 billion, or $3.68 per diluted share.
Real Estate FFO was $1.261 billion, or $3.35 per diluted share, an increase of 3.7% year-over-year.
Occupancy at U.S. Malls and Premium Outlets was 96.5%, a 0.7% increase compared to the prior year.
Simon
Simon
Simon Revenue by Segment
Forward Guidance
The Company currently estimates net income to be within a range of $6.95 to $7.20 per diluted share and Real Estate FFO and FFO to be within a range of $12.40 to $12.65 per diluted share for the year ending December 31, 2025.