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Simon Property: Q1 Earnings Snapshot

INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Simon Property Group Inc. (SPG) on Monday reported a key measure of profitability in its first quarter. The results surpassed Wall Street expectations.

The real estate investment trust, based in Indianapolis, said it had funds from operations of $1.21 billion, or $3.17 per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $2.98 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $479.7 million, or $1.48 per share.

The shopping mall real estate investment trust, based in Indianapolis, posted revenue of $1.76 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.57 billion.

Simon Property expects full-year funds from operations in the range of $13.10 to $13.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPG at https://www.zacks.com/ap/SPG

Malcolm-Jamal Warner died tragically one year ago. Now his widow is suing his mother

(CNN) — One year after the drowning death of Malcolm-Jamal Warner, his widow Tenisha Warner has filed a lawsuit against the actor’s mother, who oversees his trust, seeking more than $1.2 million in what she says are owed funds.The suit was filed Monday in DeKalb County Superior Court in Decatur, Georgia against Pamela Warner, who the legal paperwork names as “successor trustee of the Warner family trust.”The beloved actor died on July 20, 2025 in a drowning accident while vacationing in Costa Rica. He was 54.Warner and his wife married on May 23, 2022 and signed a prenuptial agreement on May 15 of that year, according to the suit. They share a daughter, who has not been publicly named.The suit states that Warner, who came to fame playing Theodore Huxtable on the popular 1980s sitcom “The Cosby Show,” had “agreed to purchase and maintain a term life insurance policy on his life in the amount of $1,000,000.00” naming his wife as the beneficiary, but failed to do so.Tenisha Warner also alleges in the suit that the actor failed to make an agreed upon payment to her of $16,000 per year on their marriage anniversaries, which would now amount to $50,542.46; did not maintain a Roth Individual Retirement Account for her with the maximum contribution per year; and also did not pay her a promised salary of $5,000 per month for acting as his chief of staff, amounting to $195,000.“In total, the amounts due and owing to Plaintiff under the Agreement total no less than $1,276,042.46, together with prejudgment and post-judgment interest and Plaintiff’s attorney’s fees and costs recoverable under the Agreement,” the suit states.All the agreements and the financial terms are also reflected in the prenuptial agreement, which is attached to the lawsuit.CNN has reached out to both Pamela Warner and attorneys for Tenisha Warner for comment.The star kept his wife and child’s identity private while he was alive. In September 2025, Tenisha Warner posted a tribute to him on social media and announced that she and their young daughter were launching a company in honor of him.“I can still hear my husband’s laugh, still feel the way he made room for every part of me — every tear, every dream,” she wrote at the time on a series of family photos.The actor’s mother posted a lengthy note on his memorial Instagram account Monday to honor the one-year anniversary of his death. “It is the parent that leaves first and leaves the child/children to continue on with their lives. But what do you do when this is out of order and the child/children leave first?” she wrote.“This is where I found myself July 20, 2025. And this is what I awoke to July 20, 2026,” his mother, who early in Malcolm’s career also served as his manager, wrote. “How can I be here and my child is not?”The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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