Simon Property Group Reports Q3 Beat

Simon Property Group, Inc. (NYSE:SPG) reported its Q3 results, with diluted EPS of $1.65, compared to $2.07 last year. Comparable FFO was $1.113 billion, compared to $1.098 billion in the prior year period.

The company's solid operating metrics enabled another dividend raise. A quarterly common stock dividend was increased by 9.1% year-over-year to $1.80 and will be payable on December 30 to shareholders of record on December 9.

For the full 2022 year, the company expects diluted EPS in the range of $6.16-$6.21 and comparable FFO in the range of $11.83-$11.88 per diluted share.