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Simon Property Group is forecasting its 2007 funds from operations and earnings per share will be below analysts estimates.

It's not a major shift. It's looking at FFO of $5.70 and $5.80 per share compared with analyst estimates of $5.81, and earnings per share between $1.82 and $1.92 per share compared with analyst estimates of $1.94.

But it's a downgrade nonetheless.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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