Simon Property Group (SPG) Misses Q2 EPS by 3c, Beats on Revenues; 'Increased FY17 Guidance'

Simon Property Group (NYSE: SPG) reported Q2 EPS of $1.23, $0.03 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $1.36 billion versus the consensus estimate of $1.33 billion.

"We produced impressive second quarter results and solid operating metrics,\" said David Simon, Chairman and Chief Executive Officer. "It was a very eventful quarter with the completion of the multi-year transformation of The Galleria in Houston and the opening of four new outlets, including three international centers, as well as the groundbreaking of a new Premium Outlets center in Denver. Today, we raised our quarterly dividend and increased our full-year 2017 guidance."

GUIDANCE:

Simon Property Group sees Q3 2017 EPS of $6.20-$6.28, versus the consensus of $6.27.

For earnings history and earnings-related data on Simon Property Group (SPG) click here.

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