Simon Properties reports FFO in-line, misses on revs; guides FY18 FFO below consensus (162.61)
- Reports Q4 (Dec) funds from operations of $3.12 per share, in-line with the Capital IQ Consensus of $3.12; revenues rose 0.1% year/year to $1.43 bln vs the $1.45 bln Capital IQ Consensus.
- Growth in comparable FFO per diluted share for the three months ended December 31, 2017 was 7.2%.
- Co issues downside guidance for FY18, sees FFO of $11.90-12.02, excluding non-recurring items, vs. $12.11 Capital IQ Consensus Estimate.