Simon Property 2013 FFO likely to exceed guidance range, says Wells Fargo After Simon Property reported Q4 results that Wells Fargo views as strong, the firm notes that Simon's 2012 FFO was 73c higher than its original guidance. The firm sees Simon as one of the best real estate REITs and maintains an Outperform rating.
Simon Property looking to force transaction with Macerich, says Wells Fargo Wells Fargo believes Simon Property Group (SPG) disclosed its 3.6% stake in Macerich (MAC) and requested a waiver from Macerich's 5% ownership limit since it is likely looking to force a transaction. However, Wells does not believe Macerich management is interested in a sale at this time and that this may remain an ongoing conversation "well into" 2015. The firm has an Outperform rating on Simon.