CORPORATE OVERVIEW Redefining Our Success
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A GLOBAL LEADER IN RETAIL REAL ESTATE CORPORATE OVERVIEW Redefining our success Optimizing results across our global portfolio of Malls, Simon Premium Outlets,® and The Mills® is our priority both short and long term. We continue to engage in redevelopment projects that refine and reimagine how people around the world shop. With a view to the collective success of Simon, our retail partners, and our neighbors, we are investing in our future. Over the next three years, Simon will invest $3 billion in new development and redevelopment projects to enhance and expand some of our best properties, thus further diversifying and increasing the quality and reach of our portfolio. COMPANY HIGHLIGHTS U.S. PORTFOLIO U.S. OPERATIONAL STATISTICS - A global leader in retail real estate - Malls: 107 properties comprising Occupancy - S&P 100 company 122 million square feet Malls & Simon Premium Outlets 95.6% - Total market capitalization - Simon Premium Outlets: 70 properties The Mills 98.4% of approximately $104 billion comprising 30 million square feet and equity capitalization of - The Mills: 14 properties comprising Total Sales per Square Foot approximately $75 billion 21 million square feet Malls & Simon Premium Outlets $61 3 - U.S. portfolio is comprised The Mills $566 of 208 properties—184 million INTERNATIONAL PORTFOLIO As of March 31, 2016 square feet of GLA - High-quality portfolio encompasses -6 1Simon Premium Outlets in the entire retail spectrum—Malls, Canada, Japan, Korea, Malaysia, Simon Premium Outlets, and The Mills and Mexico and 7 Designer Outlets - U.S. properties generate annual retail in Austria, Canada, Germany, Italy, sales of more than $60 billion the Netherlands, and the United - Annual consolidated revenues Kingdom—7 million square feet of more than $5 billion - 20.3% interest in Klépierre, a publicly traded real estate company based in Paris with a portfolio of high-quality shopping centers in 16 countries in Europe The Shops at Riverside®—Hackensack (Metro New York), New Jersey—Multimillion-dollar transformative redevelopment featuring The Collection, a spectacular luxury oasis to be completed in Fall 2018. 610_0416_MAY2016_SimonCorpOverview.indd 1 5/11/16 12:26 PM REINVESTING New flooring. Skylights. Enhanced entrances. Electric vehicle charging stations. Upgrading the signature Simon® aesthetic is never-ending. Our focus is on features which enhance the guest experience on a personal level. Comfortable seating, family restrooms, children’s play areas, wireless access, and other technological advances are just some of the upgrades and reinvestments we are constantly exploring. REDEVELOPMENTS COMPLETED IN 2015 • Brea Mall®—Brea (Los Angeles), California • The Colonnade Outlets at Sawgrass Mills®—Sunrise (Ft. Lauderdale), Florida • Haywood Mall—Greenville, South Carolina • Lenox Square®—Atlanta, Georgia • The Mall at Rockingham Park—Salem (Boston), New Hampshire • Menlo Park Mall—Edison (Metro New York), New Jersey • Montgomery Mall®—North Wales (Philadelphia), Pennsylvania • North East Mall—Hurst (Dallas - Ft. Worth), Texas • Phipps Plaza—Atlanta, Georgia • Potomac Mills®—Woodbridge (Metro Washington, D.C.), Virginia • The Shops at Chestnut Hill—Chestnut Hill (Boston), Massachusetts • SouthPark—Charlotte, North Carolina • Walt Whitman Shops®—Huntington (Metro New York), New York • Woodfield Mall—Schaumburg (Chicago), Illinois The Mall at Rockingham Park REDEVELOPMENTS UNDER WAY • Aventura Mall—North Miami Beach, Florida • The Colonnade Outlets at Sawgrass Mills®—Sunrise (Ft. Lauderdale), Florida • Copley Place—Boston, Massachusetts • Del Amo Fashion Center®—Torrance (Los Angeles), California • Fashion Centre at Pentagon City—Arlington (Metro Washington, D.C.), Virginia • The Florida Mall®—Orlando, Florida • The Forum Shops at Caesars Palace®—Las Vegas, Nevada • The Galleria—Houston, Texas • Grapevine Mills®—Grapevine (Dallas), Texas • King of Prussia®—King of Prussia (Philadelphia), Pennsylvania • La Plaza Mall—McAllen, Texas • Northgate Mall—Seattle, Washington • Philadelphia Mills®—Philadelphia, Pennsylvania • Roosevelt Field®—Long Island (Metro New York), New York • The Shops at Riverside®—Hackensack (Metro New York), New Jersey • Stanford Shopping Center—Palo Alto (San Jose), California • The Westchester—White Plains (Metro New York), New York • Woodbury Common Premium Outlets®—Central Valley (Metro New York), New York PLANNED REDEVELOPMENTS • ABQ Uptown—Albuquerque, New Mexico • Arizona Mills®—Tempe (Phoenix), Arizona • Barton Creek Square—Austin, Texas • Castleton Square—Carmel (Indianapolis), Indiana • Cielo Vista Mall—El Paso, Texas Woodbury Common Premium Outlets® • College Mall—Bloomington, Indiana • Concord Mills®—Concord (Charlotte), North Carolina • Dadeland Mall—Miami, Florida • The Falls®—Miami, Florida • Fashion Valley—San Diego, California • Great Mall®—Milpitas (San Jose), California • Ingram Park Mall—San Antonio, Texas • Katy Mills®—Katy (Houston), Texas • Livingston Mall®—Livingston (Metro New York), New Jersey • The Mall at Tuttle Crossing®—Columbus, Ohio • Mall of Georgia—Buford (Atlanta), Georgia • Meadowood Mall®—Reno, Nevada • Menlo Park Mall—Edison (Metro New York), New Jersey • The Mills at Jersey Gardens—Elizabeth (Metro New York), New Jersey • Ocean County Mall—Miami, Florida • Ontario Mills®—Ontario, California • The Outlets at OrangeTM—Orange (Los Angeles), California • Rockaway Townsquare®—Rockaway (Metro New York), New Jersey • Ross Park Mall—Pittsburgh, Pennsylvania • Sawgrass Mills®—Sunrise (Ft. Lauderdale), Florida • Smith Haven Mall—Lake Grove (Metro New York), New York • Solomon Pond Mall—Marlborough (Boston), Massachusetts • Town Center at Boca Raton®—Boca Raton (Miami), Florida • West Town Mall—Knoxville, Tennessee • Woodfield Mall—Schaumburg (Chicago), Illinois The Outlets at Orange™ 610_0416_MAY2016_SimonCorpOverview.indd 2 5/11/16 12:26 PM NEW DEVELOPMENTS MALLS Norfolk Premium Outlets®—Norfolk (Virginia Beach), Virginia • 332,000 square feet featuring 80 designer and name-brand outlets opening in Summer 2017 to serve Norfolk, Virginia Beach, Brickell City Centre—Miami, Florida Chesapeake, and the entire Hampton Roads area • Impressive new 5.4 million-square-foot, mixed-use development • Centrally located at the major crossroads of I-64 and US 13 opening Fall 2016 (leading to the Chesapeake Bay Bridge/Tunnel) adjacent to • Saks Fifth Avenue to anchor 565,000 square feet that will include Norfolk International Airport retail shops, restaurants, and Cinemex •o Tinclude 260,000 square feet of Class A office space Tanger Outlets–Columbus—Columbus, Ohio • Will feature 820 luxury condominiums and a 263-room luxury hotel • 355,000 square feet featuring 90 designer and name-brand • Partnership with Swire Properties and Whitman Family Development outlets opening in June 2016 • Strategic location in close proximity to Columbus City Center The Shops at Clearfork—Ft. Worth, Texas • Easily accessible from the I-71 and US 36 interchange • Upscale retail component of exciting new mixed-use development • Joint venture with Tanger Outlets • To be anchored by a 90,000-square-foot Neiman Marcus • Phase 1 is scheduled to open Spring 2017 with 380,000 square feet Tulsa Premium Outlets®—Jenks (Tulsa), Oklahoma featuring luxury and specialty retail, restaurants, and a cinema • 325,000 square feet featuring 80 designer and name-brand •o Alsto feature 125,000 square feet of Class A office space outlets opening June 2018 to serve the Tulsa metropolitan and 392 luxury apartment homes area of approximately one million • Partnership with Cassco Development Co. • Located south of downtown Tulsa on Creek Turnpike in the affluent city of Jenks The Shops at Syosset Park—Long Island (Metro New York), New York • Retail component of a world-class, master-planned, mixed-use development projected to open Holiday 2018 in idyllic Oyster Bay THE MILLS® • 450,000 square feet of retail shops, restaurants, theatre, and local service retail establishments •p Uto 200,000 square feet of Class A office space Town Center at Sawgrass—Sunrise (Ft. Lauderdale), Florida • This 225,000-square-foot full-price, lifestyle-shopping destination • Seven neighborhoods with approximately 600 condominium is scheduled to open in Fall 2018 featuring exceptional retail space flats, townhomes, cottages, and single-family homes and a full complement of sit-down restaurants • One select-service, boutique-style hotel and a companion • Adjacent to Sawgrass Mills® and The Colonnade Outlets at business hotel Sawgrass Mills®—Florida’s number one shopping destination • 30-acre “Great Park” will be a regional recreational destination SIMON PREMIUM OUTLETS® INTERNATIONAL PROPERTIES Genting Highlands Premium Outlets—Genting Highlands Ann Arbor Premium Outlets®—Salem (Ann Arbor), Michigan (Kuala Lumpur), Malaysia • 320,000 square feet featuring 80 designer and name-brand • 275,000 square feet of designer and name-brand outlets opening outlets scheduled to open in 2018 to serve Ann Arbor and Spring 2017 adjacent to the Genting Highlands Casino Detroit’s affluent western suburbs • In close proximity to Detroit’s affluent western suburbs, Premium Outlet Collection Edmonton—Edmonton, Alberta, Canada including Novi, Salem, Northville, Livonia, Plymouth and • 428,000 square feet featuring 100 designer and name-brand outlets Canton, and easily accessible to the northern suburbs opening in October 2017 at the Edmonton International Airport to such as Commerce, Bloomfield Hills and Birmingham serve the Edmonton region • Population within a 30-mile