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Simon Property Group's Q2 results beat expectations, with a 2.8% YoY increase in topline revenue to $1.5 billion and a 4.2% YoY rise in NOI. The company's real estate FFO grew 4.1% YoY to $3.05 per share, surpassing consensus estimates by 33 bps. Analysts expect a real estate FFO of $12.53 per share for FY25, down 3.5% YoY. The stock has a consensus "Moderate Buy" rating with a mean price target of $182.58, representing a 4.9% premium to current price levels.
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