Simon Property's (SPG) Q1 results reflect a better-than-expected top line. With an improving operating environment, this retail REIT also raises its 2022 FFO per share outlook and dividend.
While Macerich's (MAC) first-quarter FFO per share beats estimates, revenues lag the consensus mark. The retail REIT tweaks its 2022 guidance.
Simon Property's (SPG) first-quarter results are likely to gain from continued demand recovery.