Simon Property Group Reports Strong First Quarter Earnings Exceeding Analyst Expectations

Simon Property Group, Inc. (NYSE: SPG) reports strong first-quarter earnings, exceeding analyst expectations and raising full-year 2024 guidance. With a 1.8% increase in shares post-announcement, the company showcases notable growth compared to the previous year. CEO David Simon attributes success to leasing momentum and successful divestiture, leading to a revised EPS guidance range of $7.38 to $7.53 for 2024.