Top U.S. mall operator Simon faces pandemic pain

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Simon Property Group (SPG) Misses Q2 EPS by 15c, Revenues Miss

August 10, 2020 4:16 PM EDT

Simon Property Group (NYSE: SPG) reported Q2 EPS of $0.83, $0.15 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.14 billion.

Results for the Quarter

Net income attributable to common stockholders was $254.2 million, or $0.83 per diluted share, as compared to $495.3 million, or $1.60 per diluted share in 2019. Funds From Operations ("FFO") was $746.5 million, or $2.12 per diluted share, as compared to... More