Simon Property reported second-quarter revenue of $1.79 billion, a 19.5% increase from a year ago and 4.49% above the Zacks Consensus Estimate of $1.71 billion. Earnings per share came in at $3.29, up from $1.70 a year earlier and 3.46% above the consensus estimate of $3.18. U.S. Malls and Premium Outlets occupancy for the total portfolio was 96%, matching analyst expectations. Lease income rose 20.3% year over year to $1.66 billion, while management fees and other revenues grew 7.7% to $40.83 million and other income increased 11.1% to $90.06 million.
Simon Property Group IncQ2 revenue and EPS beat estimates, with strong lease income growth.
