SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 30, 2009

GRAPHIC

SIMON PROPERTY GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware   001-14469   046268599
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

 

 

 

 
225 WEST WASHINGTON STREET
INDIANAPOLIS, INDIANA
(Address of principal executive offices)
  46204
(Zip Code)

Registrant's telephone number, including area code: 317.636.1600

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))


Table of Contents

Item 2.02.    Results of Operations and Financial Condition

        On October 30, 2009, Simon Property Group, Inc. (the "Registrant") issued a press release containing information on earnings for the quarter ended September 30, 2009 and other matters. A copy of the press release is attached hereto as Exhibit 99.2 and the information in the press release is incorporated by reference into this report.

        The press release and Supplemental Information package attached as Exhibit 99.1 use the non-GAAP financial measure of Funds from Operations ("FFO"). The Supplemental Information package also uses the non-GAAP measure of Net Operating Income ("NOI"). The Registrant considers FFO and NOI key measures of its operating performance that are not specifically defined by accounting principles generally accepted in the United States ("GAAP"). The Registrant believes that FFO and NOI are helpful to investors because they are widely recognized measures of the performance of real estate investment trusts ("REITs") and provide relevant bases for comparison among REITs. The Registrant also uses FFO and NOI internally to measure the operating performance of its portfolio. Reconciliations of net income to FFO on an estimated and historical basis are provided on pages 66 and 74 furnished herewith in Exhibit 99.2. Reconciliations of net income to NOI on a historical basis are provided on page 15 furnished herewith in Exhibit 99.1.

        The Registrant is furnishing the information contained herein, including Exhibit 99.2, pursuant to Item 2.02 of Form 8-K promulgated by the Securities and Exchange Commission (the "SEC"). This information shall not be deemed to be "filed" with the SEC or incorporated by reference into any other filing with the SEC.

Item 7.01.    Regulation FD Disclosure

        On October 30, 2009, the Registrant made available additional ownership and operational information concerning the Registrant, Simon Property Group, L.P., and properties owned or managed as of September 30, 2009 in the form of a Supplemental Information package, a copy of which is attached as Exhibit 99.1. The Supplemental Information package is also available upon request as specified therein.

        The Registrant is furnishing the information contained herein, including Exhibit 99.1, pursuant to Item 7.01 of Form 8-K promulgated by the SEC. This information shall not be deemed to be "filed" with the SEC or incorporated by reference into any other filing with the SEC.

Item 9.01.    Financial Statements and Exhibits

        Financial Statements:

        Exhibits:

Exhibit No.
  Description   Page Number in
This Filing
 
  99.1   Supplemental Information as of September 30, 2009     5  
  99.2   Earnings Release for the quarter ended September 30, 2009     63  

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Table of Contents


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: October 30, 2009

    SIMON PROPERTY GROUP, INC.

 

 

By:

 

/s/ STEPHEN E. STERRETT

Stephen E. Sterrett,
Executive Vice President and
Chief Financial Officer

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Table of Contents


SIMON PROPERTY GROUP
Table of Contents
As of September 30, 2009

Description
      Page 

 

 

 

 

 

Exhibit 99.1

 

Supplemental Information

  5

 

Company Overview

   

 

Overview (reporting calendar, stock information, and corporate ratings)

  5-6

 

Ownership Structure

  7

 

Changes in Company Common Share and Operating Partnership Unit
Ownership

  8

 

Financial Data

   

 

Selected Financial and Equity Information

  9-10

 

Unaudited Pro-Rata Statement of Operations

  12-13

 

Unaudited Pro-Rata Balance Sheet

  14

 

Reconciliation of Net Income to NOI

  15

 

NOI Composition

  16

 

Analysis of Other Income and Other Expense

  17

 

Operational Data

   

 

U.S. Portfolio GLA

  18

 

U.S. Regional Mall Operational Information

  19

 

U.S. Regional Mall Lease Expirations

  20

 

U.S. Regional Mall Top Tenants

  21

 

U.S. Regional Mall Anchor/Big Box Openings, 2009 - 2010

  22

 

U.S. Regional Mall Property Listing

  23-26

 

U.S. Premium Outlet Centers® Operational Information

  27

 

U.S. Premium Outlet Centers® Lease Expirations

  28

 

U.S. Premium Outlet Centers® Top Tenants

  29

 

U.S. Premium Outlet Centers® Property Listing

  30

 

U.S. Community/Lifestyle Centers Operational Information

  31

 

U.S. Community/Lifestyle Centers Lease Expirations

  32

 

U.S. Community/Lifestyle Centers Top Tenants

  33

 

U.S. Community/Lifestyle Centers Property Listing

  34-35

 

U.S. Mills Portfolio Operational Information

  36

 

U.S. Mills Portfolio Property Listing

  37

 

International Operational Information

  38

 

International Property Listing

  39-41

 

Development Activity

   

 

Capital Expenditures

  42

 

U.S. Development Activity Report

  43

 

International Development Activity Report

  44

 

Balance Sheet Information

   

 

The Company's Share of Total Debt Amortization and Maturities by Year

  45

 

Summary of Indebtedness

  46

 

Summary of Indebtedness by Maturity

  47-56

 

Unencumbered Assets

  57-61

 

Preferred Stock/Units Outstanding

  62

 

Quarterly Earnings Announcement

   

Exhibit 99.2

 

Press Release

  63-75

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