Investing.com - Simon Property (NYSE:SPG) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Simon Property announced earnings per share of $1.53 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $1.48 on revenue of $1.25B.
Simon Property shares are down 14% from the beginning of the year, still down 12.98% from its 52 week high of $171.12 set on November 18, 2021. They are under-performing the Nasdaq which is down 10.41% from the start of the year.
Simon Property shares lost 2.12% 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 Prologis on January 19, who reported EPS of $1.67 on revenue of $1.07B, compared to forecasts EPS of $0.7055 on revenue of $1.04B.
Crown Castle had beat expectations on January 26 with fourth quarter EPS of $0.81 on revenue of $1.65B, compared to forecast for EPS of $0.7708 on revenue of $1.63B.
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