NYSE$SPG
Simon Property Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Simon Property Group reported strong Q3 2021 results, increased full year guidance, and raised quarterly dividend.
Simon Property Group reported impressive third quarter results, driven by growing tenant demand, occupancy gains, accelerated retailer sales, and increased cash flow. The company increased full-year 2021 guidance and raised the quarterly dividend.
- Net income attributable to common stockholders was $679.9 million, or $2.07 per diluted share.
- Funds From Operations (FFO) was $1.176 billion, or $3.13 per diluted share, a 52.7% increase compared to the prior year period.
- Domestic property net operating income (NOI) increased 24.5% compared to the prior year period.
- Occupancy in U.S. Malls and Premium Outlets was 92.8% at September 30, 2021, with base minimum rent per square foot at $53.91.
Headline financials
Revenue & EPS history
Simon · Revenue · Quarterly
$1.3B
Revenue by segment
Simon · $1.41B total across 3 segments · Q3 2023
- Lease income$1.3B+6.9%92.0%
- Other income$82.2M+14.6%5.8%
- Management & other$30.1M+4.9%2.1%
Forward guidance
The Company currently estimates net income to be within a range of $6.61 to $6.71 per diluted share and FFO will be within a range of $11.55 to $11.65 per diluted share for the year ending December 31, 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.4%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+3.3%
Avg return
30 days after
60%
44 / 73 earnings
Positive
+27.4%
Q3 2020
Best reaction
-7.1%
Q3 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +1.1% | +7.5% | |
| Q4 2025 | -1.6% | +4.4% | +5.1% | |
| Q3 2025 | +3.2% | +3.9% | +3.8% | |
| Q2 2025 | -0.9% | +3.8% | +9.6% | |
| Q1 2025 | -5.9% | -3.7% | -7.4% | |
| Q4 2024 | +3.3% | +4.2% | -1.3% | |
| Q3 2024 | +1.8% | +2.7% | +8.6% | |
| Q2 2024 | +3.0% | +5.0% | +9.3% | |
| Q1 2024 | +3.5% | +3.4% | +7.4% | |
| Q4 2023 | +4.0% | +6.5% | +10.4% | |
| Q3 2023 | +5.1% | +12.8% | +17.4% | |
| Q2 2023 | -5.6% | -4.6% | -8.4% | |
| Q1 2023 | -5.2% | -3.5% | -8.9% | |
| Q4 2022 | -3.0% | -4.2% | -5.9% | |
| Q3 2022 | +2.4% | +6.0% | +9.2% | |
| Q2 2022 | -2.9% | -2.0% | -6.1% | |
| Q1 2022 | -1.9% | -3.8% | -11.2% | |
| Q4 2021 | -2.2% | -2.3% | -8.7% | |
| Q3 2021 | +8.5% | +16.3% | +0.8% | |
| Q2 2021 | +2.4% | +6.9% | +7.3% | |
| Q1 2021 | -1.8% | -2.2% | +8.5% | |
| Q4 2020 | +6.0% | +12.9% | +18.1% | |
| Q3 2020 | +27.4% | +20.8% | +46.8% | |
| Q2 2020 | +8.0% | +9.6% | +10.7% | |
| Q1 2020 | -6.0% | -11.5% | +43.1% | |
| Q4 2019 | +5.8% | +6.2% | -9.7% | |
| Q3 2019 | -1.4% | +3.4% | -1.1% | |
| Q2 2019 | -1.7% | -3.4% | -7.0% | |
| Q1 2019 | +1.1% | +2.1% | -7.2% | |
| Q4 2018 | -0.1% | +0.9% | -3.6% | |
| Q3 2018 | +3.3% | +7.9% | +4.8% | |
| Q2 2018 | +4.5% | +5.7% | +7.7% | |
| Q1 2018 | +4.1% | +6.0% | +6.2% | |
| Q4 2017 | -1.8% | -4.6% | -4.4% | |
| Q3 2017 | -3.7% | -4.1% | -3.5% | |
| Q2 2017 | +1.8% | +3.8% | -1.0% | |
| Q1 2017 | +0.1% | +2.3% | -4.7% | |
| Q4 2016 | +2.1% | +4.3% | +1.9% | |
| Q3 2016 | -7.1% | -5.7% | -8.1% | |
| Q2 2016 | -0.2% | +1.4% | -4.8% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | +1.2% | — | — | |
| Q2 2015 | +2.4% | — | — | |
| Q1 2015 | +0.4% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -0.0% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | -0.0% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +4.2% | — | — | |
| Q2 2010 | +4.2% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q1 2009 | +5.8% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q4 2009 | +1.0% | — | — | |
| Q3 2008 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q2 2009 | +7.9% | — | — | |
| Q4 2007 | +7.9% | — | — | |
| Q4 2008 | +7.9% | — | — | |
| Q2 2008 | +7.9% | — | — |
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