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Simon Property | 10-Q: Q3 2024 Earnings Report

Simon Property | 10-Q: Q3 2024 Earnings Report

西蒙地产 | 10-Q:2024财年三季报
美股SEC公告 ·  11/08 19:54

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Simon Property Group reported Q3 2024 FFO of $2.84 per share, down from $3.20 in Q3 2023. Portfolio NOI increased 5% year-over-year to $1.45 billion. Occupancy for U.S. malls and premium outlets rose to 96.2%, up 100 basis points from last year, while average base rent increased 2.3% to $57.71 per square foot.The company completed several financing activities, including issuing $1 billion in senior unsecured notes and amending its $3.5 billion credit facility. Simon maintained a strong balance sheet with a consolidated debt of $25.2 billion and an effective interest rate of 3.61% as of September 30, 2024.Simon declared a Q4 2024 dividend of $2.10 per share, payable December 30. The company authorized a new $2 billion stock repurchase plan through February 2026. Management reaffirmed its focus on enhancing property profitability, expanding successful locations, and pursuing selective acquisitions to drive growth in earnings and cash flows.
Simon Property Group reported Q3 2024 FFO of $2.84 per share, down from $3.20 in Q3 2023. Portfolio NOI increased 5% year-over-year to $1.45 billion. Occupancy for U.S. malls and premium outlets rose to 96.2%, up 100 basis points from last year, while average base rent increased 2.3% to $57.71 per square foot.The company completed several financing activities, including issuing $1 billion in senior unsecured notes and amending its $3.5 billion credit facility. Simon maintained a strong balance sheet with a consolidated debt of $25.2 billion and an effective interest rate of 3.61% as of September 30, 2024.Simon declared a Q4 2024 dividend of $2.10 per share, payable December 30. The company authorized a new $2 billion stock repurchase plan through February 2026. Management reaffirmed its focus on enhancing property profitability, expanding successful locations, and pursuing selective acquisitions to drive growth in earnings and cash flows.
西蒙地产集团报告2024年第三季度的每股资金从运作(FFO)为2.84美元,低于2023年第三季度的3.20美元。投资组合净营业收入(NOI)同比增长5%,达14.5亿元。美国购物中心和高端奥特莱斯的入住率提升至96.2%,相比去年增加了100个基点,平均基本租金上涨2.3%,达每平方英尺57.71美元。公司完成了多项融资活动,包括发行了10亿美元的高级无担保票据,并修订了其35亿美元的信贷设施。截止到2024年9月30日,西蒙保持了强健的资产负债表,合并债务为252亿美元,实际利率为3.61%。西蒙宣告2024年第四季度每股派息2.10美元,支付日期为12月30日。公司授权了一项新的20亿美元股票回购计划,计划持续到2026年2月。管理层重申将专注于增强物业盈利能力,扩展成功选址,并追求选择性收购以推动盈利和现金流的增长。
西蒙地产集团报告2024年第三季度的每股资金从运作(FFO)为2.84美元,低于2023年第三季度的3.20美元。投资组合净营业收入(NOI)同比增长5%,达14.5亿元。美国购物中心和高端奥特莱斯的入住率提升至96.2%,相比去年增加了100个基点,平均基本租金上涨2.3%,达每平方英尺57.71美元。公司完成了多项融资活动,包括发行了10亿美元的高级无担保票据,并修订了其35亿美元的信贷设施。截止到2024年9月30日,西蒙保持了强健的资产负债表,合并债务为252亿美元,实际利率为3.61%。西蒙宣告2024年第四季度每股派息2.10美元,支付日期为12月30日。公司授权了一项新的20亿美元股票回购计划,计划持续到2026年2月。管理层重申将专注于增强物业盈利能力,扩展成功选址,并追求选择性收购以推动盈利和现金流的增长。
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