Simon Property Group Reports Strong Q3 2024 Results
Company Announcements

Simon Property Group Reports Strong Q3 2024 Results

Simon Property ( (SPG) ) has shared an announcement.

Simon Property Group reported strong third-quarter 2024 results, highlighting robust financial and operational performance, including successful openings and expansions of premium outlets. The company raised its dividend for the fourth consecutive quarter, with net income of $475.2 million, or $1.46 per share, despite a decrease from the previous year. Real Estate Funds From Operations increased by 4.8% to $1.144 billion, and domestic property NOI rose by 5.4%. Simon also completed significant capital market transactions, enhancing its liquidity position.

Find detailed analytics on SPG stock on TipRanks’ Stock Analysis page.

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