| SPG |
Report |
Real Estate FFO per share |
BEAT |
pred ~$3.14 vs. cons $3.10 |
MEDIUM |
| SPG |
Report |
Domestic property NOI growth |
BEAT |
pred ~4.9% vs. cons 4.6% |
MEDIUM |
| SPG |
Report |
U.S. Malls & Premium Outlets occupancy |
IN-LINE |
pred ~96.1% vs. cons 96.1% |
MEDIUM |
| SPG |
Guide |
FY2026 Real Estate FFO per share guidance |
UNCHANGED |
guide ~$13.10-$13.30 (midpoint $13.20) vs. cons $13.22 (FY2026) |
MEDIUM |
| SPG |
Guide |
FY2026 net interest-expense / interest-income headwind commentary |
BETTER |
guide ~$(0.24)/share vs. cons ~$(0.26)/share (FY2026) |
LOW |
| SPG |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.8% |
— |
MEDIUM |
| SPG |
Return |
5-day cumulative residual |
+0.7% (FADE) |
A modest ~$0.04 FFO beat and above-consensus NOI should produce an initially positive reaction, but essentially unchanged FY2026 FFO midpoint (~$13.20 versus $13.22 consensus) leaves little upward out-period estimate revision; the initial move should partially fade as investors focus on refinancing drag and already-elevated valuation. |
MEDIUM |