Simon Property Earnings Fall Short by $0.01, But Profits Exceed Expectations

According to Simon Property's report for the third quarter, earnings per share were $1.46, falling short of analysts' expectations of $1.47 by $0.01. The reported earnings for this quarter amounted to $1.48 billion, while analyst expectations stood at $1.32 billion.

For the fiscal year 2024, Simon Property has projected earnings per share in the range of $7.18 to $7.28, whereas analyst forecasts had anticipated $6.64.

Simon Property's stock closed the day at $169.12, indicating a 14.23% increase in value over the past three months. Over the last 12 months, the stock has shown a gain of 45.99%.

During the last 90 days, Simon Property recorded 1 positive earnings per share and 0 negative earnings per share.

You can review how Simon Property's stock price reacted to previous earnings reports here. According to InvestingPro, Simon Property's financial health score is "Good performance."

For the latest earnings reports and all financial information about Simon Property, you can check here. Stay updated on all developments related to balance sheets by visiting the Investing.com Earnings Calendar.