Simon Property (NYSE) – Investing.com reported Monday that the first quarter exceeded analysts’ expectations and that revenue was higher than expected.

Simon Property posted earnings per share (EPS) of $1.3 for revenue of $1.3B. Investing.com polled analyst to predict EPS at $1.3 on revenue $1.21B.

Simon Property shares have fallen 26% since the start of the year. However, they are still 30.94% below their 52-week high of $171.12 on November 18, 2021. They are under-performing the S&P 500 which is down 16.19% from the start of the year.

After-hours trading for Simon Property shares rose by 1.39% following the release.

Simon Property is following other notable Real Estate industry earnings this month

Simon Property’s update follows American Tower’s April 27 earnings beat, which reported EPS at $1.56 per share on $2.6 billion in revenue. This compares to the forecasts of EPS at $1.11 on $2.6 billion.

Prologis exceeded expectations in April 19, with first quarterEPS of $1.54 based on revenue $1.08B. This compares to the forecasted EPS $0.6806 based on revenue $1.08B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar