Simon Property Group raises guidance slightly less than consensus (SPG:NYSE)

Simon Property Group (SPG) increased its full-year earnings guidance after its Q2 real estate FFO per share surpassed Wall Street expectations, driven by strong leasing demand and retailer sales growth. Occupancy at U.S. malls and premium outlets held steady at 96.0%. These factors contributed to the company's improved financial performance, including year-over-year FFO and NOI growth.