=Simon Properties (SPG) reported earnings on Tue 1 Aug 2017 (b/o)

Simon Properties beats by $0.03, reports revs in-line; guides FY17 FFO in-line :

• Reports Q2 (Jun) funds from operations of $2.47 per share, $0.03 better than the Capital IQ Consensus of $2.44; revenues rose 3.5% year/year to $1.36 bln vs the $1.37 bln Capital IQ Consensus
  • Growth in comparable FFO per diluted share for the three months ended June 30, 2017 was 7.6%
  • Total portfolio NOI growth for the three months ended June 30, 2017 was 5.0% and was 5.3% for the six months ended June 30, 2017
• Co issues in-line guidance for FY17, sees FFO of $11.14-11.22 vs. $11.21 Capital IQ Consensus Estimate.