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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