Simon Property Q1 FFO Beats Estimates on Higher Revenues

Simon Property Group, Inc.’s (SPG) first-quarter 2025 real estate funds from operations (FFO) per share of $2.95 surpassed the Zacks Consensus Estimate of$2.91. This compares to a real estate FFO of $2.91 per share a year ago.Results reflect an increase in revenues, backed by a rise in the base minimum rent per square foot and occupancy levels. SPG reaffirmed its guidance for 2025 real estate FFO per share.Simon Property generated revenues of$1.47 billion in the quarter, which missed the Zacks Consensus E ...