Investing.com - Simon Property (NYSE:SPG) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Simon Property announced earnings per share of $1.56 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $1.12 on revenue of $1.11B.
Simon Property shares are up 48% from the beginning of the year and are trading at $128.40 , down-from-52-week-high.They are outperforming the S&P 500 which is up 16.8% from the start of the year.
Simon Property shares gained 1.44% in after-hours trade following the report.
Simon Property follows other major Real Estate sector earnings this month
Simon Property's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.65 on revenue of $2.3B, compared to forecasts EPS of $1.28 on revenue of $2.21B.
Prologis had beat expectations on Monday, July 19, 2021 with second quarter EPS of $0.81 on revenue of $1.01B, compared to forecast for EPS of $0.4287 on revenue of $1.01B.
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