Simon Property Group
Q4 2022 Earnings Call
Feb 06, 2023, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings. Welcome to the Simon Property Group fourth quarter 2022 earnings conference call. [Operator instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Tom Ward.
You may begin.
Tom Ward -- Senior Vice President, Investor Relations
Thank you, Sally. Good evening, everyone. Thank you for joining us this evening. Presenting on today's call is David Simon, chairman, chief executive officer, and president.
Also, on the call are Brian McDade, chief financial officer; and Adam Reuille, chief accounting officer. A quick reminder that statements made during this call may be deemed forward-looking statements within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995 and actual results may differ materially due to a variety of risks, uncertainties, and other factors. We refer you to today's press release and our SEC filings for a detailed discussion of the risk factors relating to those forward-looking statements. Please note that this call includes information that may be accurate only as of today's date.
Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included within the press release and the supplemental information in today's Form 8-K filing. Both the press release and the supplemental information are available on our IR website at investors.simon.com. Our conference call this morning, this afternoon will be limited to one hour. For those who would like to participate in the question-and-answer session, we ask that you please respect our request to limit yourself to one question.
I'm pleased to introduce David Simon.
David Simon -- Chairman, President, and Chief Executive Officer
Good evening from Phipps Plaza, where we recently completed our transformation, including a new office building, a new Nobu Hotel, and a Life Time Resort. I'm pleased to report our fourth quarter and full year results. We generated approximately $4.5 billion in FFO in 2022 or $11.95 per share. On a comparable basis, full year FFO per share was $11.87, an increase of 3.8% year over year.
We returned approximately $2.8 billion to shareholders in dividends and shares. And total dividends today paid since our IPO now totals approximately $39 billion. We invested approximately $1 billion, including accretive development projects and expanding our other investment platform into the growing asset and investment management businesses with our Jamestown partnership. These consistent strong results are testament to the quality of our portfolio, a relentless focus on operational and cost structure, disciplined capital allocation, and our team's commitment to our shoppers and communities.