2004 Annual Report
2004 2004 Annual Report 115 West Washington Street Indianapolis, Indiana 46204 317-636-1600 www.simon.com Expanding Our Reach . Corporate Profile Simon Property Group, Inc. (NYSE: SPG), TABLE OF CONTENTS headquartered in Indianapolis, Indiana, is the Financial Highlights 1 largest U.S. real estate company and is included Assets Acquired or Opened 2 in the S&P 500 Index. The Company owns, Report to Stockholders 4 develops and manages retail real estate, primarily Year in Review 8 ® regional malls, Premium Outlet centers and Financial and Operational Review 22 community/lifestyle centers. Through its subsidiary Selected Financial Data 25 partnerships, as of December 31, 2004, it owned Management’s Discussion & Analysis 26 or had an interest in 297 properties in the United Consolidated Financial Statements 47 States comprising 203 million square feet in 40 Notes to Consolidated Financial Statements 52 states plus Puerto Rico. The Company also held Properties 81 interests in 51 European shopping centers in Corporate Officers 85 France, Italy, Poland and Portugal; four Premium Board of Directors 86 Outlet centers in Japan; one Premium Outlet center Investor Information 88 in Mexico; and one shopping center in Canada. In 2004 Simon Property Group: ● increased total market capitalization to $37 billion, ● increased Funds From Operations (FFO)* per diluted share to $4.39, ● increased consolidated revenue to $2.6 billion, ● acquired Chelsea Property Group, the leading owner, developer and manager of Premium Out- let centers in the United States, and ● delivered a total return to shareholders, including dividends, of 45.2%. Additional Simon Property Group information is available at www.simon.com.
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