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Simon Property Group 8-K 2009

Documents found in this filing:

  1. 8-K
  2. Ex-99.1
  3. Ex-99.2
  4. Graphic
  5. Graphic
  6. Graphic

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): May 1, 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
    
46204
(Address of principal executive offices)   (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 May 1, 2009, Simon Property Group, Inc. (the "Registrant") issued a press release containing information on earnings for the quarter ended March 31, 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 62 and 69 furnished herewith in Exhibit 99.2. Reconciliations of net income to NOI on a historical basis are provided on page 13 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 May 1, 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 March 31, 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:

      None

        Exhibits:

Exhibit No.
  Description   Page Number in
This Filing
 
  99.1   Supplemental Information as of March 31, 2009     5  
  99.2   Earnings Release for the quarter ended March 31, 2009     59  

2


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: May 1, 2009        

 

 

SIMON PROPERTY GROUP, INC.

 

 

By:

 

/s/ STEPHEN E. STERRETT

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

3


SIMON PROPERTY GROUP
Table of Contents
As of March 31, 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  

 

Unaudited Pro-Rata Statement of Operations

    10-11  

 

Unaudited Pro-Rata Balance Sheet

    12  

 

Reconciliation of Net Income to NOI

    13  

 

NOI Composition

    14  

 

Analysis of Other Income and Other Expense

    15  

 

Operational Data

       

 

U.S. Portfolio GLA

    16  

 

U.S. Regional Mall Operational Information

    17  

 

U.S. Regional Mall Lease Expirations

    18  

 

U.S. Regional Mall Top Tenants

    19  

 

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

    20  

 

U.S. Regional Mall Property Listing

    21-24  

 

U.S. Premium Outlet Centers® Operational Information

    25  

 

U.S. Premium Outlet Centers® Lease Expirations

    26  

 

U.S. Premium Outlet Centers® Top Tenants

    27  

 

U.S. Premium Outlet Centers® Property Listing

    28  

 

U.S. Community/Lifestyle Centers Operational Information

    29  

 

U.S. Community/Lifestyle Centers Lease Expirations

    30  

 

U.S. Community/Lifestyle Centers Top Tenants

    31  

 

U.S. Community/Lifestyle Centers Property Listing

    32-33  

 

U.S. Mills Portfolio Operational Information

    34  

 

U.S. Mills Portfolio Property Listing

    35  

 

International Operational Information

    36  

 

International Property Listing

    37-39  

 

Development Activity

       

 

Capital Expenditures

    40  

 

U.S. Development Activity Report

    41  

 

International Development Activity Report

    42  

 

Balance Sheet Information

       

 

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

    43  

 

Summary of Indebtedness

    44  

 

Summary of Indebtedness by Maturity

    45-52  

 

Unencumbered Assets

    53-57  

 

Preferred Stock/Units Outstanding

    58  

 

Quarterly Earnings Announcement

       

Exhibit 99.2

 

Press Release

    59-70  

4



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