04:40 PM EDT, 08/05/2024 (MT Newswires) -- Simon Property Group ( SPG ) reported Q2 funds from operations late Monday of $2.90 per diluted share, up from $2.88 a year earlier.

Analysts polled by Capital IQ expected $2.94.

Revenue for the quarter ended June 30 was $1.46 billion, up from $1.37 billion a year earlier. Analysts surveyed by Capital IQ expected $1.32 billion.

The company said it now expects full year 2024 FFO of between $12.80 and $12.90 per diluted share. It previously projected $12.75 to $12.90. Analysts expect $12.76.

Simon increased its quarterly dividend to $2.05 per share from $2, payable Sept. 30 to shareholders of record on Sept. 9.

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