NYSE:SPGRetail REITs
Simon Property Group (SPG) Stock Stalls As Stronger FFO Lifts Outlook
Simon Property Group stock barely budged after earnings, slipping about 0.5% to around $220, even as the headline story centered on cash generation rather than drama. For a company often viewed as a mature retail real estate giant, the quarter turned on a simple point: real estate Funds From Operations came in strong enough for management to lift full year FFO guidance.
Investors also saw the dividend story reinforced, with a higher quarterly payout declared alongside that upgraded real...