2023 Guidance
The Company currently estimates net income to be within a range of $6.39 to $6.49 per diluted share and FFO to be within a range of $11.85 to $11.95 per diluted share for the year ending December 31, 2023. The FFO per diluted share range is an increase from the $11.80 to $11.95 per diluted share range provided on May 2, 2023, or an increase of $0.02 per diluted share at the mid-point.
The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to FFO per diluted share:
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For the year ending December 31, 2023 |
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Low |
High |
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End |
End |
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Estimated net income attributable to common stockholders per diluted share |
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$6.39 |
$6.49 |
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Depreciation and amortization including Simon’s share of unconsolidated entities |
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5.45 |
5.45 |
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Loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interest in unconsolidated entities and impairment, net |
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0.01 |
0.01 |
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Estimated FFO per diluted share |
$11.85 |
$11.95 |
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