Simon Property Group (SPG) Tops Q1 FFO by 9c
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Simon Property Group Reports First Quarter 2016 Results
April 26, 2016 7:00 AM EDTINDIANAPOLIS, April 26, 2016 /PRNewswire/ -- Simon, a global leader in retail real estate, today reported results for the quarter ended March 31, 2016.
Results for the Quarter
Funds from Operations ("FFO") was $951.8 million, or $2.63 per diluted share, as compared to $830.7 million, or $2.28 per diluted share, in the prior year period, an increase of 15.4%. Net income attributable to common stockholders was $481.0 million, or $1.55 per diluted share, as compared to $539.1 million, or $1.73 per diluted share, in the prior year period. Net income... More