Simon Property Group (SPG) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the prior period. The trailing twelve-month revenue also reflected continued growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the prior period. The trailing twelve-month revenue also reflected continued growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $1.4B | +7.2% |
| Dec 31, 2023 | $1.5B | +9.1% |
| Mar 31, 2024 | $1.4B | +6.8% |
| Jun 30, 2024 | $1.5B | +6.5% |
Revenue performance
Reported revenue rose in the current quarter, marking an upward direction from the immediately preceding quarter.
Quarterly comparison
Revenue was higher than both the preceding quarter and the same quarter a year earlier, with the year-over-year increase being more pronounced.
What to watch
The company's financing strategy emphasizes long-term fixed-rate debt, with floating-rate debt representing a very small portion of total indebtedness.