Simon Property Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending December 31, 2018
For the full year, the company reported total revenue of $5,538,640,000 against $5,435,229,000 a year ago. Operating income was $2,802,340,000 against $2,720,828,000 a year ago. Consolidated net income was $2,244,903,000 against $2,134,706,000 a year ago. Net income attributable to common stockholders was $1,944,625,000 against $1,835,559,000 a year ago. Basic and diluted net income attributable to common stockholders was $6.24 against $5.87 a year ago. FFO of the operating partnership was $4,020,505,000 against $3,792,951,000 a year ago. Diluted FFO allocable to common stockholders of $3,490,910,000 against $3,280,590,000 a year ago. Diluted FFO per share were $11.21 against $10.49 a year ago.
For the full year ending December 31, 2018, the company currently estimates net income to be within a range of $6.90 to $7.02 per diluted share for the year ending December 31, 2018 and that FFO will be within a range of $11.90 to $12.02 per diluted share.