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EX-99.2 - EXHIBIT 99.2 - SIMON PROPERTY GROUP INC /DE/a2199488zex-99_2.htm
EX-99.1 - EXHIBIT 99.1 - SIMON PROPERTY GROUP INC /DE/a2199488zex-99_1.htm

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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): July 30, 2010

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))


Item 2.02.    Results of Operations and Financial Condition

        On July 30, 2010, Simon Property Group, Inc. (the "Registrant") issued a press release containing information on earnings for the quarter ended June 30, 2010 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 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 July 30, 2010, the Registrant made available additional ownership and operational information concerning the Registrant, Simon Property Group, L.P., and properties owned or managed as of June 30, 2010 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.

        This report contains measures of financial or operating performance that are not specifically defined by accounting principles generally accepted in the United States ("GAAP"), including funds from operations ("FFO"), FFO as adjusted, diluted FFO per share, diluted FFO per share as adjusted, net operating income ("NOI"), and diluted earnings per share as adjusted. FFO and NOI are performance measures that are standard in the REIT business. We believe FFO and NOI provide investors with additional information concerning our operating performance and a basis to compare our performance with those of other REITs. We also use these measures internally to monitor the operating performance of our portfolio. FFO as adjusted, diluted FFO per share as adjusted, and diluted earnings per share as adjusted measures exclude the effect of certain non-cash impairment and debt-related charges. We believe these measures provide investors with a basis to compare our current operating performance with previous periods in which we did not have those charges. Our computation of these non-GAAP measures may not be the same as similar measures reported by other REITs.

        The non-GAAP financial measures used in this report should not be considered as alternatives to net income as a measure of our operating performance or to cash flows computed in accordance with GAAP as a measure of liquidity nor are they indicative of cash flows from operating, conducting and financial activities.

        Reconciliations of each of the non-GAAP measures used in this report to the most-directly comparable GAAP measure are included.

Item 9.01.    Financial Statements and Exhibits

        Financial Statements:

      None

        Exhibits:

Exhibit No.
  Description   Page Number in This Filing  
  99.1   Supplemental Information as of June 30, 2010     5  
  99.2   Earnings Release for the quarter ended June 30, 2010     57  

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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: July 30, 2010

    SIMON PROPERTY GROUP, INC.

 

 

By:

 

/s/ STEPHEN E. STERRETT

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

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SIMON PROPERTY GROUP
Table of Contents
As of June 30, 2010

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 Statements of Operations

  12-13

 

Unaudited Pro-Rata Balance Sheet

  14

 

NOI Composition

  15

 

Analysis of Other Income and Other Expense

  16

 

Reconciliation of Non-GAAP Financial Measures

  17-19

 

Operational Data

   

 

U.S. Portfolio GLA

  20

 

U.S. Operational Information

  21

 

U.S. Lease Expirations

  22

 

U.S. Top Tenants

  23

 

Other U.S. Operational Information

  24

 

International Operational Information

  25

 

Property Listing

  26-36

 

Development Activity

   

 

U.S. Anchor/Big Box Openings, 2010-2011

  37

 

Capital Expenditures

  38

 

U.S. Development Activity Report

  39

 

International Development Activity Report

  40

 

Balance Sheet Information

   

 

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

  41

 

Summary of Indebtedness

  42

 

Summary of Indebtedness by Maturity

  43-50

 

Unencumbered Assets

  51-55

 

Preferred Stock/Units Outstanding

  56

 

Quarterly Earnings Announcement

   

Exhibit 99.2

 

Press Release

  57-68

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SIGNATURES
SIMON PROPERTY GROUP Table of Contents As of June 30, 2010