Simon Property ( (SPG) ) has shared an announcement.
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Simon Property Group reported strong third-quarter 2024 results, highlighting robust financial and operational performance, including successful openings and expansions of premium outlets. The company raised its dividend for the fourth consecutive quarter, with net income of $475.2 million, or $1.46 per share, despite a decrease from the previous year. Real Estate Funds From Operations increased by 4.8% to $1.144 billion, and domestic property NOI rose by 5.4%. Simon also completed significant capital market transactions, enhancing its liquidity position.
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