SPG Earnings Prediction
The chart below shows how SPG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SPG sees a -0.01% change in stock price 10 days leading up to the earnings, and a +2.27% change 10 days following the report. On the earnings day itself, the stock moves by -0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
SPG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.48B
4.94%
1.54%
Gross Margin
82.31%
2.40%
-0.15%
Operating Margin
51.85%
5.39%
0.27%
Net Margin
36.92%
-23.48%
-5.45%
EPS
1.27
-20.13%
-15.89%
No Data Available
SPG Earnings Analysis
Simon Property Group, Inc. Corporation (SPG.N) Earnings Conference Call
Positive
Retail Sales Volume Growth: Increased leasing volumes and occupancy gains were reported, contributing to total retail sales volumes growth.
Real Estate FFO Growth: Real estate FFO was $3.05 per share in the third quarter, compared to $2.91 in the prior year, reflecting a 4.8% growth rate.
Quarterly Lease Income Growth: Domestic and international operations had a very good quarter, contributing $0.15 of growth driven by a 3% increase in lease income.
Dividend Increase Achievement: The company raised its dividend to $2.10, marking a return to its historical high, overcoming the arbitrary capricious closing of its real estate during COVID.
Domestic NOI Growth: Domestic NOI increased by 5.4% year-over-year for the quarter due to continued leasing momentum and resilient consumer spending.
Negative
Real Estate FFO Growth: Real estate FFO was $3.05 per share in the third quarter, compared to $2.91 in the prior year, a 4.8% growth rate.
Funds from Operations Decline: Third quarter funds from operations were $1.07 billion or $2.84 per share, as compared to $1.2 billion or $3.20 per share last year.
Non-Cash Net Loss: Third quarter results include $0.13 per share of non-cash net loss and fair value adjustments from the market to market on the Klépierre exchangeable bonds issued in November of 2023, which mature in November of 2026.
Quarterly Loss Analysis: O.P.I was an eight cent loss in the quarter due to reduced discretionary spending by the lower income consumer at two SPARC brands and also from the loss of income from ABG in the prior year due to the sale of our interest earlier this year.
Domestic NOI Growth: Domestic NOI increased 5.4% year-over-year for the quarter due to continued leasing momentum, resilient consumer spending and operational excellence delivered the results exceeding our plan for the quarter.
SPG FAQs
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SPG Earning Call Sentiment
Simon Property Group, Inc. (SPG) Q3 2024 Earnings Call Transcript
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SPG.N
1.39%Positive
The earnings call highlights strong financial performance with increased dividends, growth in NOI, and high occupancy rates. The Q&A reveals strategic plans for enhancing properties and digital initiatives, though management was vague on some specifics. The positive guidance and dividend increase outweigh concerns about market volatility and unclear responses, suggesting a likely positive stock reaction.