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Simon Property (SPG) Reports Q1 Earnings: What Key Metrics Have to Say

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Simon Property (SPG - Free Report) reported $1.47 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 2.1%. EPS of $2.95 for the same period compares to $2.25 a year ago.

The reported revenue represents a surprise of -0.67% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $2.91, the EPS surprise was +1.37%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Simon Property performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • U.S. Malls and Premium Outlets - Occupancy - Total Portfolio: 95.9% versus the three-analyst average estimate of 96.5%.
  • Revenue- Management fees and other revenues: $33.79 million versus $31.10 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
  • Revenue- Lease income: $1.37 billion versus $1.35 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
  • Revenue- Other income: $71.79 million versus $98.36 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -35% change.
  • Net Earnings Per Share (Diluted): $1.27 compared to the $1.46 average estimate based on six analysts.
View all Key Company Metrics for Simon Property here>>>

Shares of Simon Property have returned +10.1% over the past month versus the Zacks S&P 500 composite's +3.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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