Investing.com - Simon Property (NYSE:SPG) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Simon Property announced earnings per share of $1.51 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $1.52 on revenue of $1.22B.
Simon Property shares are up 20% from the beginning of the year, still down 36.58% from its 52 week high of $171.12 set on November 18, 2021. They are outperforming the Nasdaq which is down 20.94% from the start of the year.
Simon Property shares gained 0.44% in after-hours trade following the report.
Simon Property follows other major Real Estate sector earnings this month
Simon Property's report follows an earnings beat by American Tower on Thursday, who reported EPS of $1.95 on revenue of $2.67B, compared to forecasts EPS of $0.9591 on revenue of $2.65B.
Prologis had beat expectations on July 18 with second quarter EPS of $0.82 on revenue of $1.09B, compared to forecast for EPS of $0.6478 on revenue of $1.11B.
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