Simon Property Group — Nov 1, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-113272
Showing in the filing
Depreciation and amortization including Simon's share of unconsolidated entities (High End)
“5.50”
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-
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.