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AI brief of an SEC Form 8-K · Simon Property (SPG)

Simon Q3 net income fell to $475.2 million; Real Estate FFO rose 4.8%

Mixed Impact 3 of 5 earnings Written later

Simon Property Group reported third-quarter 2024 net income attributable to common stockholders of $475.2 million, or $1.46 per diluted share, down from $594.1 million, or $1.82, a year earlier. Real Estate FFO rose 4.8% to $1.144 billion, and the company affirmed its full-year 2024 guidance and raised its quarterly dividend to $2.10 per share.

Key points

  • Q3 net income was $475.2 million, or $1.46 per diluted share, versus $1.82 in Q3 2023. The current period includes a $0.13 per diluted share non-cash loss tied to Klépierre exchangeable bonds.
  • Real Estate FFO was $1.144 billion, or $3.05 per diluted share, versus $2.91 a year earlier. Reported FFO was $2.84 per diluted share, versus $3.20.
  • Quarterly dividend raised to $2.10 per share, up $0.20 or 10.5% year-over-year, payable December 30, 2024 to holders of record on December 9, 2024.
  • 2024 guidance affirmed: FFO of $12.80 to $12.90 per diluted share, excluding $0.14 of unrealized losses; net income of $7.18 to $7.28 per diluted share.

The filing

CompanySimon Property (SPG)
Form8-K, current report
Filed with the SECNov 1, 2024, 8:02 AM ET
Accession number0001104659-24-113272

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.