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):  July 31, 2006

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 July 31, 2006, Simon Property Group, Inc. (the “Registrant”) issued a press release containing information on earnings for the quarter ended June 30, 2006 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 71 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.

Item 7.01.   Regulation FD Disclosure

On July 31, 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 June 30, 2006, 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 June 30, 2006		5
99.2		Earnings Release for the quarter ended June 30, 2006		60

 

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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: July 31, 2006

		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 June 30, 2006

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		11-12
				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, 2006-2010		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		42-44
				International Development Activity Report		45
				Balance Sheet Information
				The Company’s Share of Total Debt Amortization and Maturities by Year		46
				Summary of Indebtedness		47
				Summary of Indebtedness by Maturity		48-53
				Unencumbered Assets		54-58
				Preferred Stock/Units Outstanding		59
				Quarterly Earnings Announcement
Exhibit 99.2				Press Release		60-72

 

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