Simon Property Group Reports Second Quarter 2019 Results And Raises Quarterly Dividend
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Simon Property Group (SPG) Misses Q2 EPS by 5c; Offers FY19 EPS Guidance Above Consensus
July 31, 2019 7:06 AM EDTSimon Property Group (NYSE: SPG) reported Q2 EPS of $1.60, $0.05 worse than the analyst estimate of $1.65. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.39 billion.
Results for the Quarter
Net income attributable to common stockholders was $495.3 million, or $1.60 per diluted share, as compared to $547.0 million, or $1.77 per diluted share in 2018. The prior year period included a non-cash investment gain of $35.6 million, or $0.10 per diluted share. The current year... More