Simon Property Group Inc Q2 Income Retreats

(RTTNews) - Simon Property Group Inc (SPG) released a profit for second quarter that dropped from the same period last year.

The company's bottom line came in at $495.32 million, or $1.60 per share. This compares with $547.00 million, or $1.77 per share, in last year's second quarter.

Analysts had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $1.39 billion, equal to the mark posted in the same period last year.

Simon Property Group Inc earnings at a glance:

-Earnings (Q2): $495.32 Mln. vs. $547.00 Mln. last year. -EPS (Q2): $1.60 vs. $1.77 last year. -Analysts Estimate: $1.65 -Revenue (Q2): $1.39 Bln vs. $1.39 Bln last year.

-Guidance: Full year revenue guidance: 12.30 - $12.40