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Simon: Strong Q2 2025 Results and Increased Guidance

05 Aug 2025

Description

This press release details Simon's financial performance for the second quarter and first half of 2025, highlighting strong results driven by their portfolio and operational efficiency. Key financial metrics such as net income and Real Estate Funds From Operations (FFO) showed increases compared to the previous year, leading to a raised full-year FFO guidance and an increased quarterly dividend. The company also reported improved occupancy rates and base minimum rent per square foot at their U.S. Malls and Premium Outlets. Furthermore, the report notes a significant acquisition of the remaining interest in Brickell City Centre and details capital market activities, including secured loan transactions, to maintain robust liquidity.

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