Simon Property Group (SPG) Misses Q3 FFO by 2c

Simon Property Group (NYSE: SPG) reported Q3 FFO of $1.90, $0.02 worse than the analyst estimate of $1.92. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.19 billion.

Simon Property Group sees FY2014 FFO of $8.84-$8.88, versus the consensus of $8.93.

"I am very pleased with our quarterly results that once again beat consensus," said David Simon, Chairman and CEO. "We continue to demonstrate our ability to grow our core business and allocate capital to generate growth in cash flow and FFO per share."

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

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