Simon Property's FFO rises, meets expectations

[MoneyGuy]

BOSTON (MarketWatch) -- Simon Property Group Inc. before Monday's opening bell said funds from operations, a key financial-performance metric for real estate investment trusts, rose to $1.49 a share in the second quarter from $1.31 in the year-ago period. Analysts surveyed by Thomson Reuters had been looking for FFO of $1.49 a share, on average. For the full year, Simon estimated FFO in the range of $6.38 to $6.45 a share, while Wall Street is forecasting $6.43 a share.

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