Simon Property Ahead of Earnings

Published on Thursday, 02 February 2012 13:24 Written by Danny Miller

New York, February 2nd (TradersHuddle.com) - Shares of Simon Property Group, Inc. (NYSE:SPG) are trading higher by +0.46% ahead of its quarterly earnings release. Simon Property, the retail properties REIT is expected to release its quarterly results on February 3^rd.

Wall Street Analysts consensus calls for a profit of $1.9 a share on $1.16 billion revenue.

Simon Property estimates have a range of $0.11 a share. The high estimate calls for profit of $1.96 a share and the low estimate is calling for a profit of $1.85 a share, a year ago for the quarter the company reported $1.78 a share.

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.

Other companies on the watch on this earnings event are and Vornado Realty Trust NYSE:VNO.