TOTAL RETURN PERFORMANCE December 31, 2006 to December 31, 2011 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/11 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 m m m m m m m m m m m m m Simon Property Gro up, Inc.  m FTSE NAREIT Equity REIT Index m S&P 500 Index (In Dollars) 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 12/31/2011 Simon Property Group, Inc  100  88.66  56.79  89.73  115.23  153.90  FTSE NAREIT Equity REIT Index  100  84.31  52.50  67.20  85.98  93.10  S&P 500 Index  100  105.49  66.46  84.05  96.71  98.76 The line graph above compares the percentage change in the cumulative total shareholder return on our common stock as  compared to the cumulative total return of the S&P 500 Index and the FTSE NAREIT Equity REIT Index for the period December  31, 2006 through December 31, 2011. The graph assumes an investment of $100 on December 31, 2006, a reinvestment of  dividends and actual increase in the market value of the common stock relative to an initial investment of $100. The comparisons  in this table are required by the Securities and Exchange Commission and are not intended to forecast or be indicative of possible  future performance. 64 Simon Property Group, Inc.