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CLAIM #54416 · SPG (SPG) · 2022Q4 earnings call · Feb 6, 2023 · due Dec 31, 2023

similar OPI investment contribution, FFO contribution compared to 2022;

David Simon · CEO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
similar OPI investment contribution, FFO contribution compared to 2022
Reported
we've lowered it... for the fourth quarter it would be about $0.20

In context

ratio is 4.8x, and we ended the year with approximately $7.8 billion of liquidity. In 2022, we paid approximately $2.6 billion of common stock dividends in cash. We announced $1.80 per share this quarter, which is a 9% increase over the same period last year. The dividend is payable at the end of March -- at the end of this quarter, on March 31. We also repurchased 1.8 million shares of our common stock at an average purchase price of $98.57 in 2022. Moving on to '23. Our comparable FFO guidance is $11.70 to $11.95 per share. Our guidance reflects the following assumptions: domestic property NOI growth of at least 2%; increased interest expense compared to 2022 of approximately $0.30 to $0.35 per share, reflecting current market interest rates on both fixed and variable debt assumptions; similar OPI investment contribution, FFO contribution compared to 2022; the continuing impact of the strong U.S. dollar versus the euro and the yen; no significant acquisition or disposition activity; and a diluted share count of approximately 374 million shares. To conclude, we had another excellent year, effectively navigating external headwinds that included rising interest rates, strong U.S. dollars, inflation and a somewhat softening economy. We have consistently posted industry-leading results through our hard work, innovation, great people and great assets, and we are -- continue to be excited about our plans for 2023. If you come to Atlanta, you will see what we're doing, and it's a great example of the future growth prospects of our company. And will now allow for Q&A. Thank you. Operator: [Operator Instructions] Our first question comes from the lin

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SEC filings for SPG · Claim quote is verbatim from the 2022Q4 earnings call.