Securities and Exchange Commission Form 8-K Current Report Simon Property Group, Inc

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Securities and Exchange Commission Form 8-K Current Report Simon Property Group, Inc 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): February 6, 2006 SIMON PROPERTY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-14469 046268599 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 115 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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 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 February 6, 2006, Simon Property Group, Inc. (the “Registrant”) issued a press release containing information on earnings for the quarter ended December 31, 2005 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 FFO to net income on an estimated and historical basis are provided on page 67 furnished herewith in Exhibit 99.2. Reconciliations of net income to NOI on an estimated and 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. By furnishing this information, the Registrant makes no admission as to the materiality of any information in this Item 2.02, including the Exhibit 99.2. Item 7.01. Regulation FD Disclosure On February 6, 2006, the Registrant made available additional ownership and operational information concerning the Registrant, Simon Property Group, L.P., and properties owned or managed as of December 31, 2005, 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 December 31, 2005...................... 5 99.2 Earnings Release for the quarter ended December 31, 2005............... 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: February 6, 2006 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 December 31, 2005 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 Statements of Operations................................ 11-12 Unaudited Pro-Rata Balance Sheet.......................................... 13 Reconciliation of Net Income to NOI........................................ 14 Analysis of Other Income and Other Expense................................. 15 NOI Composition......................................................... 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, 2005-2007...................... 21-22 U.S. Regional Mall Property Listing......................................... 23-27 U.S. Premium Outlet® Centers Operational Information....................... 28 U.S. Premium Outlet® Centers Lease Expirations............................. 29 U.S. Premium Outlet® Centers Top Tenants.................................. 30 U.S. Premium Outlet® Centers Property Listing............................... 31 U.S. Community/Lifestyle Centers Operational Information.................... 32 U.S. Community/Lifestyle Centers Lease Expirations.......................... 33 U.S. Community/Lifestyle Centers Top Tenants............................... 34 U.S. Community/Lifestyle Centers Property Listing............................ 35-36 International Operational Information....................................... 37 International Property Listing............................................... 38-40 Development Activity Capital Expenditures in the U.S. Portfolio.................................... 41 U.S. Development Activity Report.......................................... 42-43 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....................................... 47-52 Unencumbered Assets..................................................... 53-57 Preferred Stock/Units Outstanding.......................................... 58 Quarterly Earnings Announcement Exhibit 99.2 Press Release............................................................. 59-71 4 Exhibit 99.1 SIMON PROPERTY GROUP Overview The Company Simon Property Group, Inc. (the “Company” or “Simon Property”) (NYSE:SPG) is a self- administered and self-managed real estate investment trust (“REIT”). Simon Property Group, L.P. (the “Operating Partnership”) is a subsidiary partnership of the Company. The Company and the Operating Partnership (collectively, “Simon Group”) are engaged primarily in the ownership, development and management of retail real estate properties, primarily regional malls, Premium Outlet® centers and community/lifestyle centers. At December 31, 2005, the Company owned or had an interest in 286 properties in the United States containing an aggregate of 200 million square feet of gross leasable area (GLA) in 39 states plus Puerto Rico. The Company also holds interests in 51 European shopping centers in France, Italy and Poland; 5 Premium Outlet centers in Japan; and one Premium Outlet center in Mexico. This package was prepared to provide (1) ownership information, (2) certain operational information, and (3) balance sheet information as of December 31, 2005, for the Company and the Operating Partnership. Certain statements contained in this Supplemental Package may constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by forward-looking statements due to a variety of risks and uncertainties. Those risks and uncertainties include, but are not limited to, international, national, regional and local economic climates, competitive market forces, changes in market rental rates, trends in the retail industry, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks associated with acquisitions, the impact of terrorist activities, environmental liabilities, pending litigation, maintenance of REIT status, changes in applicable laws, rules and regulations, changes in market rates of interest and fluctuations in exchange rates of foreign currencies. The reader is directed to the Company’s various filings
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