5/21/2023 0 Comments Propity invisorThese consistent strong results are testament to the quality of our portfolio, a relentless focus on operational and cost structure, disciplined capital allocation, and our team's commitment to our shoppers and communities.įourth quarter funds from operations were $1.27 billion or $3.40 per share. We invested approximately $1 billion, including accretive development projects and expanding our other investment platform into the growing asset and investment management businesses with our Jamestown partnership. And total dividends today paid since our IPO now totals approximately $39 billion. We returned approximately $2.8 billion to shareholders in dividends and shares. On a comparable basis, full year FFO per share was $11.87, an increase of 3.8% year over year. We generated approximately $4.5 billion in FFO in 2022 or $11.95 per share. I'm pleased to report our fourth quarter and full year results. Good evening from Phipps Plaza, where we recently completed our transformation, including a new office building, a new Nobu Hotel, and a Life Time Resort. For those who would like to participate in the question-and-answer session, we ask that you please respect our request to limit yourself to one question.ĭavid Simon - Chairman, President, and Chief Executive Officer Our conference call this morning, this afternoon will be limited to one hour. Both the press release and the supplemental information are available on our IR website at. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included within the press release and the supplemental information in today's Form 8-K filing. *Stock Advisor returns as of January 9, 2023 ![]() and Simon Property Group wasn't one of them! That's right - they think these 10 stocks are even better buys. They just revealed what they believe are the ten best stocks for investors to buy right now. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* When o ur award-winning analyst team has a stock tip, it can pay to listen. 10 stocks we like better than Simon Property Group
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