Simon Property Group Impresses with Solid Quarterly Results

The Simon Property Group presented impressive results for the third quarter of 2024. Thanks to strong financial and operational performance, highlighted by successful openings and expansions of premium outlets, the company was able to increase its dividend for the fourth consecutive quarter. Although net income decreased compared to the previous year, standing at $475.2 million or $1.46 per share, other metrics showed impressive strength. Operational real estate funds recorded an increase of 4.8 percent to $1.144 billion. At the same time, the Net Operating Income (NOI) of domestic properties rose by 5.4 percent. Additionally, Simon impressed with successful capital market transactions that further strengthened the company's liquidity position.