Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- SPG up 2% in pre-market after beating Q1 FFO estimates and raising outlook. - Q1 2024 FFO/share of $3.56 beat estimates, revenues increased 6.8% year over year. - Occupancy levels and rent per square foot improved, offset by higher interest expenses. - Simon Property sold remaining stake in Authentic Brands Group, generating $1.45 billion. - Simon Property increased 2024 FFO/share outlook, raised dividend by 2.6%. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings
- SPG up 2% in pre-market after beating Q1 FFO estimates and raising outlook.
- Q1 2024 FFO/share of $3.56 beat estimates, revenues increased 6.8% year over year.
- Occupancy levels and rent per square foot improved, offset by higher interest expenses.
- Simon Property sold remaining stake in Authentic Brands Group, generating $1.45 billion.
- Simon Property increased 2024 FFO/share outlook, raised dividend by 2.6%.
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