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 27, 2004
SIMON PROPERTY GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation) |
001-14469 (Commission File Number) |
046268599 (IRS Employer Identification No.) |
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115 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)
Item 2.02. Results of Operation and Financial Condition
On October 27, 2004, the Registrant issued a press release containing information on earnings for the quarter ended September 30, 2004 and other matters. A copy of the press release is included as an exhibit to this filing.
The exhibits furnished herewith use the non-GAAP financial measures Funds from Operations ("FFO") and Net Operating Income ("NOI"). The Company 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 Company believes that FFO and NOI are helpful to investors because they are widely recognized measures of the performance of real estate investment trusts and provide relevant bases for comparison among REITs. The Company also uses FFO and NOI internally to measure the operating performance of its portfolio. The reconciliation of net income to FFO is provided on page 64 furnished herewith in Exhibit 99.2. The reconciliation of net income to NOI is provided on page 18 furnished herewith in Exhibit 99.1.
The exhibits included with this filing are being furnished pursuant to Item 2.02 and Item 7.01 of Form 8-K.
Item 7.01. Regulation FD Disclosure
On October 27, 2004, 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, 2004, in the form of a Supplemental Information package, a copy of which is included as an exhibit to this filing. The Supplemental Information package is also available upon request as specified therein.
Item 9.01. Financial Statements and Exhibits
Financial Statements:
None
Exhibits:
Exhibit No. |
Description |
Page Number in This Filing |
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---|---|---|---|---|
99.1 | Supplemental Information as of September 30, 2004 | 5 | ||
99.2 |
Earnings Release for the quarter ended September 30, 2004 |
57 |
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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 27, 2004 | |||
SIMON PROPERTY GROUP, INC. |
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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 September 30, 2004
Description |
|
Page |
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---|---|---|---|---|
Exhibit 99.1 | Supplemental Information | |||
Company Overview |
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Overview (reporting calendar, stock information, and corporate ratings) | 5-7 | |||
Ownership Structure | 8 | |||
Changes in Common Shares and Unit Ownership | 9 | |||
Financial Data |
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Selected Financial and Operational Information | ||||
Financial Highlights and Operational Statistics | 10-11 | |||
Shareholders' Equity Information | 12 | |||
Debt Information | 12 | |||
Debt-to-Market Capitalization | 12 | |||
Miscellaneous Balance Sheet Data | 12 | |||
Unaudited Pro-Rata Balance Sheet | 14 | |||
Unaudited Pro-Rata Statements of Operations | 15-16 | |||
Reconciliation of NOI to Net Income | 17-18 | |||
Computation of Comparable Property NOI Growth | 19 | |||
Analysis of Other Income and Other Expense | 20 | |||
NOI Composition | 21 | |||
Operational Data |
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Portfolio GLA, Occupancy & Rent Data | 22 | |||
Rent Information | 23 | |||
Lease Expirations | 24-25 | |||
Top Regional Mall Tenants | 26 | |||
Projected Regional Mall Anchor/Big Box Openings, 2004 - 2006 | 27-28 | |||
Property ListingNorth American Assets | 29-36 | |||
Property ListingEuropean Assets | 37-38 | |||
Development Activity |
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Capital Expenditures | 39 | |||
North American Development Activity Report | 40-42 | |||
European Development Activity Report | 43 | |||
Balance Sheet Information |
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Debt Amortization and Maturities by Year | 44 | |||
Summary of Indebtedness | 45 | |||
Summary of Indebtedness by Maturity | 46-52 | |||
Unencumbered Assets | 53-55 | |||
Preferred Stock/Units Outstanding | 56 | |||
Quarterly Earnings Announcement |
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Exhibit 99.2 |
Press Release |
57-68 |
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