HighGravityData

Simon Property Group — Nov 1, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-113272
Open on SEC.gov ↗
Showing in the filing
Estimated FFO per diluted share
“$12.66” – “$12.76”
Period
FY2024
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 11
Quarterly common stock dividend for Q4 FY2024
“$2.10”
Quarterly dividend on 8 3/8% Series J Cumula… for Q4 FY2024
“$1.046875 per share”
Quarterly dividend on 8 3/8% Series J Cumula…
“$1.046875 per share”
Estimated net income attributable to common … for FY2024
“$7.18” – “$7.28”
Net income per diluted share for FY2024
“$7.18 to $7.28”
Estimated FFO per diluted share, excluding u… for FY2024
“$12.80” – “$12.90”
FFO per diluted share for FY2024
“$12.80 to $12.90”
Unrealized losses in fair value adjustments … for FY2024
“0.14”
Depreciation and amortization including Simo… for FY2024
“5.50”
Gain on acquisition of controlling interest,… for FY2024
“(0.02)”
Estimated FFO per diluted share for FY2024
“$12.66” – “$12.76”
Exhibit 99.1 · the passage around this item
… earlier in the release
The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to FFO per diluted share: For the year ending December 31, 2024 ​ ​ ​ ​ Low End ​ ​ High End ​ ​ Estimated net income attributable to common stockholders per diluted share ​ ​ ​ $ 7.18 ​ ​ ​ ​ $ 7.28 ​ ​ ​ Depreciation and amortization including Simon’s share of unconsolidated entities ​ ​ ​ ​ 5.50 ​ ​ ​ ​ ​ 5.50 ​ ​ ​ Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interest in unconsolidated entities and impairment, net ​ ​ ​ ​ (0.02 ) ​ ​ ​ ​ ​ (0.02 ) ​ ​ ​ Estimated FFO per diluted share ​ ​ ​ $ 12.66 ​ ​ ​ ​ $ 12.76 ​ ​ ​ Unrealized losses in fair value adjustments of the Klépierre exchangeable bonds and publicly traded equity instruments, net ​ ​ ​ ​ 0.14 ​ ​ ​ ​ ​ 0.14 ​ ​ ​ Estimated FFO per diluted share, excluding unrealized losses in fair value adjustments of the Klépierre exchangeable bonds and publicly traded equity instruments, net ​ ​ ​ $ 12.80 ​ ​ ​ ​ $ 12.90 ​ ​ Conference Call Simon will hold a conference call to discuss the quarterly financial results today from 10:00 a.m. to 11:00 a.m. Eastern Time, Friday, November 1, 2024. A live webcast of the conference call will be accessible in listen-only mode at investors.simon.com. An audio replay of the conference call will be available until November 8, 2024. To access the audio replay, dial 1-844-512-2921 (international +1-412-317-6671) passcode 13749300. Supplemental Materials and Website Supplemental information on our third quarter 2024 performance is available at investors.simon.com. This information has also been furnished to the SEC in a current report on Form 8-K.   ​  
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.