The company said net income attributable to common stockholders for Q2 2024 was $493.5 million ($1.51 per diluted share), and FFO was $1.088 billion ($2.90 per diluted share). For the prior-year period, the figures were $486.3 million ($1.49) and $1.077 billion ($2.88), respectively.

1. 01

   The company said net income attributable to common stockholders for Q2 2024 was $493.5 million ($1.51 per diluted share), and FFO was $1.088 billion ($2.90 per diluted share). For the prior-year period, the figures were $486.3 million ($1.49) and $1.077 billion ($2.88), respectively.

2. 02

   The company said Real Estate FFO for Q2 was $2.93 per diluted share, up 4.3% from $2.81 a year earlier, while domestic property NOI rose 5.2% and portfolio NOI rose 4.8%.

3. 03

   The company said net income attributable to common stockholders for the six months was $1.225 billion ($3.76 per diluted share), which included after-tax net gains of $306.3 million ($0.82 per diluted share) from the sale of its remaining ownership interest in Authentic Brands Group in Q1.

4. 04

   Simon Property Group said that as of June 30, 2024, it had liquidity of about $11.2 billion, consisting of $3.1 billion in cash on hand and $8.1 billion in available revolving credit capacity, and that it declared a common stock dividend of $2.05 per share for Q3. Its full-year FFO outlook is $12.80 to $12.90 per diluted share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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