Simon Property Group Reaffirms FFO Guidance and Launches New Projects

Published 4 hours agoSPG

Simon Property Group Reaffirms FFO Guidance and Launches New Projects

Simon Property Group (SPG) has confirmed its Funds From Operations (FFO) guidance for the year 2025, projecting an FFO per share between $12.40 and $12.65. This outlook is buoyed by solid leasing activity and recent strategic acquisitions, such as the purchase of two luxury outlet centers in Italy previously owned by Kering, according to a report on LongportApp.com.

On another front, SPG plans to kick off new development projects valued between $400 million and $500 million this year. The initiatives include the addition of a hotel at Roosevelt Field, a residential project in Brea, an office development at Clearfork, and the expansion of a hotel at The Domain in Austin, Texas. As covered by Fool.com, these projects mostly involve joint ventures and span various sectors like residential, hotels, and office spaces.

Despite these ambitious plans, SPG remains cautious about economic fluctuations and potential challenges. The company is focusing on investments in property enhancements and optimizing tenant mixes to sustain growth amid current uncertainties. Their strategic approach underscores an effort to navigate the evolving market landscape.

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