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SPGBearishEarningsnews
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Simon Property (SPG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

May 6, 2024, 6:40 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- SPG reported revenue of $1.44 billion, up 6.8% YoY, with EPS at $3.56. - Revenue beat Zacks Consensus Estimate by +2.47%, EPS by +27.14%. - Key metrics like occupancy, management fees, and lease income met or exceeded expectations. - Stock performance: SPG returned -4.8% in the past month, with a Zacks Rank #4. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • SPG reported revenue of $1.44 billion, up 6.8% YoY, with EPS at $3.56.
  • Revenue beat Zacks Consensus Estimate by +2.47%, EPS by +27.14%.
  • Key metrics like occupancy, management fees, and lease income met or exceeded expectations.
  • Stock performance: SPG returned -4.8% in the past month, with a Zacks Rank #4.

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