Simon Property Group Aktie

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WKN: 916647 / ISIN: US8288061091

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30.04.2019 13:04:25

Simon Property Group Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Simon Property Group Inc (SPG) reported earnings for first quarter that dropped from the same period last year.

The company's bottom line totaled $548.48 million, or $1.78 per share. This compares with $620.65 million, or $2.00 per share, in last year's first quarter.

Excluding items, Simon Property Group Inc reported adjusted earnings of $939.60 million or $3.04 per share for the period.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.3% to $1.45 billion from $1.39 billion last year.

Simon Property Group Inc earnings at a glance:

-Earnings (Q1): $939.60 Mln. vs. $891.78 Mln. last year. -EPS (Q1): $3.04 vs. $2.87 last year. -Analysts Estimate: $1.67 -Revenue (Q1): $1.45 Bln vs. $1.39 Bln last year.

-Guidance: Full year EPS guidance: $12.30 to $12.40

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