- Simon’s FFO (Funds From Operations) per share surpassed expectations, recording $3.68 against the estimate of $3.42.
- The company reported revenue of $1.58 billion, exceeding the anticipated $1.43 billion.
- Lease income was higher than projected, at $1.43 billion compared to the estimate of $1.4 billion.
- Management fees and other revenue came in at $37.1 million, above the estimated $34.4 million.
- Other income was slightly below expectations at $113.6 million, whereas the estimate was $119.4 million.
- The US rent per square foot tally reached $58.26, surpassing the estimate of $57.86.
- The US occupancy rate was on target, achieving 96.5% as estimated.
- Total FFO was reported at $1.39 billion, above the projected $1.28 billion.
- Analyst ratings included 9 buys, 14 holds, and no sells.
A look at Simon Property Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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
Looking at the Smartkarma Smart Scores for Simon Property Group, a leading real estate investment trust, it seems to have a promising long-term outlook. With strong ratings in Dividend and Growth, the company shows stability and potential for future expansion. A high score in Momentum indicates positive market performance, while a moderate Value score suggests fair pricing. However, lower scores in Resilience indicate potential vulnerabilities to market fluctuations.
As a self-administered and self-managed real estate investment trust, Simon Property Group focuses on owning, developing, and managing various retail properties such as regional malls and outlet centers. Its diversified portfolio includes international properties, showcasing a global presence in the real estate market. With overall solid Smart Scores across different factors, Simon Property Group appears well-positioned for growth and income generation in the long run.
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.
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