Inside Simon Property Group’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component Simon Property Group, Inc. (NYSE:SPG) will unveil its latest earnings on Tuesday, October 25, 2011. Simon Property Group operates as a real estate investment trust that owns, develops and manages retail real estate properties.

Simon Property Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.67 per share, a rise of 60.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.65. Between one and three months ago, the average estimate moved up. It has risen from $1.66 during the last month. Analysts are projecting profit to rise by 12.9% versus last year to $6.81.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting profit of $1.65 per share against a mean estimate of net income of $1.58 per share.

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Wall St. Revenue Expectations: On average, analysts predict $1.03 billion in revenue this quarter, a rise of 5.2% from the year ago quarter. Analysts are forecasting total revenue of $4.19 billion for the year, a rise of 5.8% from last year’s revenue of $3.96 billion.

Analyst Ratings: Analysts are bullish on this stock with 16 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose 35.6% to $206 million (0 cents a share) from $151.8 million (52 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 9.4% to $1.05 billion from $964.2 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 1103% in the first quarter and more than twofold in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 32.4% in the first quarter from the year earlier, climbed 4.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 19.5% in the third quarter of the last fiscal year.

Competitors to Watch: General Growth Properties, Inc (NYSE:GGP), Developers Diversified Realty Corp. (NYSE:DDR), Pennsylvania R.E.I.T. (NYSE:PEI), Kimco Realty Corporation (NYSE:KIM), Ramco-Gershenson Properties Trust (NYSE:RPT), Tanger Factory Outlet Centers Inc. (NYSE:SKT), Regency Centers Corp. (NYSE:REG), Glimcher Realty Trust (NYSE:GRT), American Assets Trust, Inc (NYSE:AAT), and Kite Realty Group Trust (NYSE:KRG).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $5.97 (-4.9%) from $121.53 to $115.56. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 17.3% (-$20.76) over that span. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 7, 2011 when shares rose for 10-straight days, rising 8.6% (+$9.53) over that span. Shares are up $18.18 (+18.7%) year to date.

(Source: Xignite Financials)

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