Simon Property Group Lifts FY21 Guidance

(RTTNews) - Simon Property Group, Inc. (SPG) Monday lifted its full year guidance. The company currently estimates net income to be within a range of $5.47 to $5.57 per share and funds from operations of $10.70 to $10.80 per share for the full year 2021.

Previously, the company expected funds from operations of $9.70 to $9.80 per share.

Analysts currently expects earnings of $4.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Simon's declared quarterly dividend of $1.50 for the third quarter. This is a 15.4% increase year-over-year and a 7.1% increase compared to the second quarter 2021 dividend. The dividend will be payable on September 30, 2021 to shareholders of record on September 9, 2021.