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Simon Property Group Reports Better-Than-Expected Q4 Results, Raises Quarterly Dividend

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Simon Property Group, Inc. (NYSE:SPG) reported its fourth-quarter financial results after the bell Monday. Here’s a look at the report.

The Details:

Simon Property Group reported quarterly FFO of $3.69 per share which beat the analyst consensus estimate of $3.34 by 10.48%.

The company reported quarterly sales of $1.53 billion which beat the analyst consensus estimate of $1.36 billion by 12.38% and represents a 9.07% increase over sales of $1.4 billion from the same period last year.

Simon Property Group also raised its quarterly dividend from $1.80 to $1.95 per share.

“This was an …

Full story available on Benzinga.com

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