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Dec 31, 2024
Simon Q4 2024 Earnings Report
Simon reported strong Q4 2024 results, driven by increased occupancy and base minimum rent.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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