04:59 PM EDT, 05/12/2025 (MT Newswires) -- Simon Property Group ( SPG ) reported Q1 funds from operations late Monday of $2.67 per diluted share, down from $3.56 a year earlier.

Analysts polled by FactSet expected $2.91.

Revenue for the quarter ended March 31 was $1.47 billion, up from $1.44 billion a year earlier.

Analysts expected $1.35 billion.

For 2025, the real estate investment trust reaffirmed its guidance, expecting funds from operations of $12.40 to $12.65. Analysts are looking for $12.58.