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Simon Sees Estimates Net Income To Be Within A Range Of $7.38-$7.53 Per Diluted Share And FFO To Be Within A Range Of $12.75-$12.90 Per Diluted Share For The Year Ending December 31, 2024.

Author: Benzinga Newsdesk | May 06, 2024 04:09pm

2024 Guidance

The Company currently estimates net income to be within a range of $7.38 to $7.53 per diluted share and FFO to be within a range of $12.75 to $12.90 per diluted share for the year ending December 31, 2024.    

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   High


 
End   End
Estimated net income attributable to common stockholders

 


 
     per diluted share$7.38$7.53
Depreciation and amortization including Simon's share

 


 
     of unconsolidated entities5.405.40
Gain on acquisition of controlling interest, sale or

 


 
     disposal of, or recovery on, assets and interest in

 


 
     unconsolidated entities and impairment, net  (0.03)(0.03)


 


 


 
Estimated FFO per diluted share  $12.75$12.90

Posted In: SPG