Simon Property Group (SPG) Tops Q3 FFO by 8c; Updates FY15 Guidance
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Simon Property Group Reports Third Quarter 2015 Results And Raises Quarterly Dividend And Full Year 2015 Guidance
October 27, 2015 7:00 AM EDTINDIANAPOLIS, Oct. 27, 2015 /PRNewswire/ -- Simon, a leading global retail real estate company, today reported results for the quarter ended September 30, 2015.
Results for the Quarter
Funds from Operations ("FFO") was $918.7 million, or $2.54 per diluted share, as compared to $689.4 million, or $1.90 per diluted share, in the prior year period, a 33.7% increase. The third quarter 2014 results include a loss on the extinguishment of debt of $127.6 million, or $0.35 per diluted share, related to cash tender offers and the redemption of a series of... More