Simon Property Group posts revenue of $1.44 billion in Q1 2024
Simon Property expects FFO per share to be in the range of $12.75 to $12.90, compared with its prior FFO forecast of $11.85 to $12.10 per share.
Simon Property expects FFO per share to be in the range of $12.75 to $12.90, compared with its prior FFO forecast of $11.85 to $12.10 per share.
Kajaria's consolidated net profit fell 5.2% year-on-year to 1.02 billion rupees ($12.2 million) in the fourth quarter. Analysts, on average, had expected profit to climb to 1.26 billion rupees, according to LSEG data.
Tuesday's data marks a return to monthly growth after prices fell 0.9% in March - the first decline since September and comes after rival mortgage lender Nationwide reported an unexpected 0.4% April price drop last week.
The troubles at one of Sweden's largest commercial landlords are unfolding as the country attempts to ride out a persistent property crisis, triggered by high debts, rising interest rates and a wilting economy.
Seasonally adjusted sales declined 3.4% in April from the previous month after falling 2.4% in March, according to Toronto Regional Real Estate Board (TRREB) data.
Among other things, the deal proposed a raise of 250 euros per month from May 1, 2024, with a further increase on April 1, 2025, of 4.15% in western Germany and 4.95% in eastern Germany.
"Leasing outperformed expectations, driven by office leasing growth globally," CBRE CEO Bob Sulentic said. The company's global leasing revenue rose 4%, led by a 9% growth in Asia-Pacific.
The Hang Seng Mainland Properties Index rose 4% in the morning session to a more than four-month high, with China Vanke and Longfor Group jumping 10% and 7.8%, respectively.
For April, price gains were driven by a 2.0% jump in Perth and 1.3% increase in Adelaide, both more affordable markets. Prices in Sydney rose 0.4% while Melbourne dipped 0.1%.
Preparation of the financial statements of the company for the year ended Dec. 31, 2023, and the publication of the 2023 annual report have been delayed, the cash-strapped firm said in an exchange filing on Tuesday.
The company, based in southwestern Chongqing, is among many developers defaulting on debt since the sector slipped into crisis in mid-2021 but is the first to file its restructuring plan with a Chinese court.