Simon Property Earnings inline, Revenue Beats In Q1
2022.05.09 23:26
Simon Property Earnings inline, Revenue Beats In Q1
Investing.com – Simon Property (NYSE:SPG) reported on Monday first quarter earnings that matched analysts’ forecasts and revenue that topped expectations.
Simon Property announced earnings per share of $1.3 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $1.21B.
Simon Property shares are down 26% from the beginning of the year, still down 30.94% from its 52 week high of $171.12 set on November 18, 2021. They are under-performing the S&P 500 which is down 16.19% from the start of the year.
Simon Property shares gained 1.39% in after-hours trade following the report.
Simon Property follows other major Real Estate sector earnings this month
Simon Property’s report follows an earnings beat by American Tower on April 27, who reported EPS of $1.56 on revenue of $2.6B, compared to forecasts EPS of $1.11 on revenue of $2.6B.
Prologis had beat expectations on April 19 with first quarter EPS of $1.54 on revenue of $1.08B, compared to forecast for EPS of $0.6806 on revenue of $1.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
