Simon Property Group — Feb 4, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-009105
Showing in the filing
Estimated Real Estate FFO and Estimated FFO per diluted share
“$12.40” – “$12.65”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 29
Quarterly common stock dividend for Q1 FY2025
“$2.10”
Quarterly dividend on 8 3/8% Series J Cumula… for FY2025
“$1.046875 per share”
Quarterly dividend on 8 3/8% Series J Cumula…
“$1.046875 per share”
Estimated net income attributable to common … for FY2025
“$6.95” – “$7.20”
Estimated net income per diluted share for FY2025
“$6.95 to $7.20”
Estimated Real Estate FFO and FFO per dilute… for FY2025
“$12.40 to $12.65”
Estimated Real Estate FFO and Estimated FFO … for FY2025
“$12.40” – “$12.65”
Malls - Redevelopments: Our Share of Net Inv… for the long term
“$1,004,036”
Malls - Redevelopments: Forecasted Investment for FY2025
“$535,803”
Malls - Redevelopments: Forecasted Total Inv… for FY2024
“$807,958”
Premium Outlets - New Developments: Our Shar… for the long term
“$184,626”
Premium Outlets - New Developments: Forecast… for FY2025
“$37,134”
Premium Outlets - New Developments: Forecast… for FY2024
“$117,383”
Premium Outlets - Redevelopments: Our Share … for the long term
“$57,924”
Premium Outlets - Redevelopments: Expected S… for the long term
“10%”
Premium Outlets - Redevelopments: Forecasted… for FY2025
“$4,004”
Premium Outlets - Redevelopments: Forecasted… for FY2024
“$40,504”
The Mills - Redevelopments: Our Share of Net… for the long term
“$37,867”
The Mills - Redevelopments: Expected Stabili… for the long term
“15%”
The Mills - Redevelopments: Forecasted Inves… for FY2025
“$32,915”
The Mills - Redevelopments: Forecasted Total… for FY2024
“$37,365”
Total Investment: Our Share of Net Investment for the long term
“$1,284,453”
Total Investment: Forecasted Investment for FY2025
“$609,856”
Total Investment: Forecasted Total Investment for FY2024
“$1,003,210”
Total Net Cash Investment for the long term
“$1,078,416”
Total Net Cash Investment: Forecasted for FY2025
“$552,117”
Total Net Cash Investment: Forecasted Total for FY2024
“$858,804”
Malls - Redevelopments: Expected Stabilized … for the long term
“8%”
Premium Outlets - New Developments: Expected… for the long term
“8%”
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 estimated Real Estate FFO and FFO per diluted share:
For the year ending December 31, 2025
Low
End
High
End
Estimated net income attributable to common stockholders per diluted share
$
6.95
$
7.20
Depreciation and amortization including Simon’s share of unconsolidated entities
5.45
5.45
Estimated Real Estate FFO and Estimated FFO per diluted share
$
12.40
$
12.65
The Company is not providing guidance for Other Platform Investments.
Conference Call
Simon will hold a conference call to discuss the quarterly financial results today from 5:00 p.m. to 6:00 p.m. Eastern Time, Tuesday, February 4, 2025. 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 February 11, 2025. To access the audio replay, dial 1-844-512-2921 (international +1-412-317-6671) passcode 13751006.
Supplemental Materials and Website
Supplemental information on our fourth 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.
We routinely post important information online on our investor relations website, investors.simon.com. We use this website, press releases, SEC filings, quarterly conference calls, presentations and webcasts to disclose material, non-public information in accordance with Regulation FD. We encourage members of the investment community to monitor these distribution channels for material disclos
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.