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

Simon Q4 EPS falls to $2.04 from $2.29; revenue rises to $1.58 billion

Mixed Impact 3 of 5 earnings Written later

Simon reported fourth-quarter 2024 results. Net income attributable to common stockholders fell to $667.2 million, or $2.04 per diluted share, from $747.5 million, or $2.29, a year earlier, and the quarter included a $75.3 million after-tax gain from the JCPenney and SPARC Group combination. Total revenue rose to $1,582.2 million from $1,527.4 million, and Real Estate FFO per diluted share rose 3.7% to $3.35. The company also gave 2025 guidance of $6.95 to $7.20 per diluted share for net income and $12.40 to $12.65 per diluted share for Real Estate FFO and FFO.

Key points

  • Q4 2024 net income attributable to common stockholders was $667.2 million, or $2.04 per diluted share, versus $747.5 million, or $2.29, in Q4 2023.
  • Q4 2024 total revenue was $1,582.2 million, up from $1,527.4 million; Real Estate FFO was $1.261 billion, or $3.35 per diluted share, up 3.7%.
  • 2025 guidance: net income of $6.95 to $7.20 per diluted share; Real Estate FFO and FFO of $12.40 to $12.65 per diluted share.
  • Board declared a Q1 2025 common dividend of $2.10 per share, up 7.7% year-over-year, payable March 31, 2025.

The filing

CompanySimon Property (SPG)
Form8-K, current report
Filed with the SECFeb 4, 2025, 4:11 PM ET
Accession number0001104659-25-009105

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 February 04, 2025.

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.