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):  April 27, 2007

SIMON PROPERTY GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

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 Operation and Financial Condition

On April 27, 2007, Simon Property Group, Inc. (the “Registrant”) issued a press release containing information on earnings for the quarter ended March 31, 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 page 72 furnished herewith in Exhibit 99.2. Reconciliations of net income to NOI on an estimated and 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 April 27, 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 March 31, 2007 (excluding joint venture properties acquired from The Mills Corporation as a result of the closing of the tender offer on March 29, 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:

				Page Number in
Exhibit No.		Description		This Filing
99.1		Supplemental Information as of March 31, 2007		5
99.2		Earnings Release for the quarter ended March 31, 2007		61

 

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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: April 27, 2007

 

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SIMON PROPERTY GROUP

Table of Contents

As of March 31, 2007

Description						Page
Exhibit 99.1				Supplemental Information
				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 Statement of Operations		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, 2007-2010		20-21
				U.S. Regional Mall Property Listing		22-26
				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
				International Operational Information		36
				International Property Listing		37-39
				Development Activity
				Capital Expenditures in the U.S. Portfolio		40
				U.S. Development Activity Report		41-43
				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		47-53
				Unencumbered Assets		54-58
				Preferred Stock/Units Outstanding		59
				Mills Property Listing		60
				Quarterly Earnings Announcement
Exhibit 99.2				Press Release		61-73

 

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