Simon Property Group Surges to 267th in Trading Volume with $480 Million Turnover

On May 12, 2025, Simon Property Group (SPG) saw a significant increase in trading volume, with a turnover of $480 million, marking an 81.9% rise from the previous day. This surge placed SPG at the 267th position in terms of trading volume for the day. The stock price of Simon Property Group also rose by 5.06%, marking the fourth consecutive day of gains, with a total increase of 7.04% over the past four days.

Simon Property Group reported a revenue of $1.47 billion for the first quarter of 2025, reflecting a 2.1% year-over-year increase. However, the company's net income for the quarter was $413.7 million, or $1.27 per share, down from $731.7 million, or $2.25 per share, in the same period last year. The adjusted earnings per share for the quarter were $1.27, falling short of the analyst consensus of $1.40. Despite this, the company's revenue exceeded expectations, reaching $1.47 billion against a forecast of $1.36 billion.

Simon Property Group's funds from operations (FFO) for the quarter were $2.95 per share, surpassing the consensus estimate of $2.91 per share. This marks the second time in the last four quarters that the company has exceeded FFO estimates. The company has also topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement will largely depend on management's commentary during the earnings call.

Looking ahead, Simon Property Group expects full-year funds from operations in the range of $12.40 to $12.65 per share. The current consensus FFO estimate is $3.04 on $1.5 billion in revenues for the coming quarter and $12.54 on $6.12 billion in revenues for the current fiscal year. The company's stock has lost about 5.2% since the beginning of the year, underperforming the S&P 500's decline of 3.8%.