Is A Beat In Store For Simon Property (SPG) In Q1 Earnings?
Zacks Investment Research | Apr 25, 2019 08:59AM ET
Simon Property Group (NYSE:SPG) is scheduled to report first-quarter 2019 results on Apr 30, before the market opens. The company’s results are anticipated to reflect year-over-year rise in funds from operations (FFO) per share and revenues.
In the last reported quarter, this Indianapolis, IN-based retail real estate investment trust (REIT) posted a negative surprise in terms of FFO per share. Nonetheless, revenues improved year over year on account on increased occupancy and leasing spread per square foot at the company’s U.S. malls and Premium Outlets.
In addition, over the trailing four quarters, the company exceeded the Zacks Consensus Estimate on three occasions and met in the other, the average beat being 1.13%. This is depicted in the graph below:
Simon Property Group, Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.