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 29, 2007
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:
Item 2.02. Results of Operation and Financial Condition
On October 29, 2007, Simon Property Group, Inc. (the "Registrant") issued a press release containing information on earnings for the quarter ended September 30, 2007 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 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 75 furnished herewith in Exhibit 99.2. Reconciliations of net income to NOI on a historical basis are provided on page 14 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 29, 2007, 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, 2007 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 September 30, 2007 | 5 | ||
99.2 |
Earnings Release for the quarter ended September 30, 2007 |
65-76 |
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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 29, 2007 | ||||
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 September 30, 2007
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 Common Shares and Unit Ownership | 8 | |||
Financial Data |
||||
Selected Financial and Equity Information | 9 | |||
Unaudited Pro-Rata Statements of Operations | 10-12 | |||
Unaudited Pro-Rata Balance Sheet | 13 | |||
Reconciliation of Net Income to NOI | 14 | |||
NOI Composition | 15 | |||
Analysis of Other Income and Other Expense | 16 | |||
Operational Data |
||||
U.S. Portfolio GLA | 17 | |||
U.S. Regional Mall Operational Information | 18 | |||
U.S. Regional Mall Lease Expirations | 19 | |||
U.S. Regional Mall Top Tenants | 20 | |||
U.S. Regional Mall Anchor/Big Box Openings, 2007-2010 | 21-23 | |||
U.S. Regional Mall Property Listing | 24-28 | |||
U.S. Premium Outlet Centers® Operational Information | 29 | |||
U.S. Premium Outlet Centers® Lease Expirations | 30 | |||
U.S. Premium Outlet Centers® Top Tenants | 31 | |||
U.S. Premium Outlet Centers® Property Listing | 32 | |||
U.S. Community/Lifestyle Centers Operational Information | 33 | |||
U.S. Community/Lifestyle Centers Lease Expirations | 34 | |||
U.S. Community/Lifestyle Centers Top Tenants | 35 | |||
U.S. Community/Lifestyle Centers Property Listing | 36-37 | |||
Mills Operational Information | 38 | |||
Mills Property Listing | 39 | |||
International Operational Information | 40 | |||
International Property Listing | 41-43 | |||
Development Activity |
||||
Capital Expenditures in the U.S. Portfolio | 44 | |||
U.S. Development Activity Report | 45-47 | |||
International Development Activity Report | 48 | |||
Balance Sheet Information |
||||
The Company's Share of Total Debt Amortization and Maturities by Year | 49 | |||
Summary of Indebtedness | 50 | |||
Summary of Indebtedness by Maturity | 51-58 | |||
Unencumbered Assets | 59-63 | |||
Preferred Stock/Units Outstanding | 64 | |||
Quarterly Earnings Announcement |
||||
Exhibit 99.2 | Press Release | 65-76 |
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