Simon Property Group updates FY24 EPS guidance to $12.75-12.90 due to strong leasing demand at its malls and shopping centers.
Simon Property Group (NYSE: SPG) updated its FY24 earnings guidance on May 6, providing an EPS guidance of $12.75-12.90, compared to the consensus estimate of $12.08. The company's FY 2024 guidance was also updated to 12.750-12.900 EPS. The REIT's strong leasing demand at its malls and shopping centers contributed to the guidance update, as its diverse portfolio of tenants experienced higher demand despite inflationary pressures.
May 06, 2024
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