- Simon Property Group reported FFO (Funds From Operations) per share at $2.67, missing the estimate of $2.91.
- Total revenue reached $1.47 billion, surpassing the estimate of $1.38 billion.
- Lease income stood at $1.37 billion, exceeding the estimated $1.34 billion.
- Management fees and other revenue were $33.8 million, ahead of the estimated $30.9 million.
- Other income was reported at $71.8 million, falling short of the $94.3 million estimate.
- The United States rent per square foot came in at $58.92.
- The US occupancy rate was 95.9%, slightly below the expected 96.2%.
- FFO totaled $1.01 billion, which was lower than the $1.08 billion estimate.
- The investment sentiment includes 11 buy ratings, 12 hold ratings, and no sell ratings.
A look at Simon Property Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Simon Property Group looks to have a promising long-term outlook. With a strong Dividend score of 4, investors can expect solid dividend payments from the company. Coupled with a Growth score of 4, the company shows potential for expansion and development in the future. Additionally, a Momentum score of 4 indicates positive market sentiment and performance for Simon Property Group. While the company’s Value score is at 2, suggesting room for improvement in terms of valuation, its overall outlook appears optimistic.
Simon Property Group, Inc., a real estate investment trust that owns and manages various retail real estate properties, seems well-positioned for growth and stability based on its Smartkarma Smart Scores. Despite a slightly lower Value score, the company’s strong Dividend, Growth, Resilience, and Momentum scores paint a favorable picture for its future performance in the real estate market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
