Simon Property Group, Inc. Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Simon Property Group, Inc. (NYSE:SPG) will unveil its latest earnings on Tuesday, July 26, 2011. Simon Property Group Inc. 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 $1.58 per share, a rise of 14.5% 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 $1.56. For the year, analysts are projecting profit of $6.72 per share, a rise of 11.4% from last year.

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 net income of $1.61 per share against a mean estimate of profit of $1.54 per share.

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Wall St. Revenue Expectations: On average, analysts predict $998.2 million in revenue this quarter, a rise of 6.9% from the year ago quarter. Analysts are forecasting total revenue of $4.2 billion for the year, a rise of 6.1% 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 five rating it as a hold.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 32.4% to $1.04 billion in first quarter. The figure rose 4.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 19.5% in the third quarter of the last fiscal year from the year-ago quarter and 6.1% in the second 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 April 25, 2011 to July 20, 2011, the stock price had risen $9.53 (8.6%) from $110.97 to $120.50. 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% (+$9.60) over that span. It saw one of its worst periods between February 17, 2011 and February 24, 2011 when shares fell for five-straight days, falling 2.3% (-$2.47) over that span. Shares are up $22.43 (+22.9%) year to date.

(Source: Xignite Financials)

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