Simon Property Group ( (SPG) ) has released its Q4 earnings. Here is a breakdown of the information Simon Property Group presented to its investors.
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Simon Property Group, a leading real estate investment trust, specializes in owning premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia. In its latest earnings report for the fourth quarter and full year of 2024, Simon Property Group announced record Funds From Operations of nearly $4.9 billion and returned over $3 billion to shareholders, highlighting a successful year marked by significant leasing activity and redevelopment projects. The company reported a net income attributable to common stockholders of $2.368 billion for 2024, an increase from the previous year, with a notable 4.7% increase in domestic property Net Operating Income. Furthermore, Simon executed over 21 million square feet of leases, opened a new Premium Outlet, and completed numerous redevelopment projects, enhancing its portfolio’s value. Looking forward, Simon Property Group remains optimistic about its future growth and expects net income and Real Estate FFO to continue its upward trajectory for 2025.
