Corporate Profile TABLE OF CONTENTS Simon Property Group, Inc. (NYSE: SPG),  headquartered in Indianapolis, Indiana, is a  real estate investment trust engaged in the  ownership, development and management  of income-producing properties, primarily  regional malls and community shopping  centers. Through its subsidiary partnerships,  as of December  ,   it owned or had an  interest in    properties in North America  containing an aggregate of    million  square feet of gross leasable area in    states  plus Canada. As of December  ,   the  Company also held interests in    assets  in Europe (in France, Italy, Poland and  Portugal).  In its first ten years as a public company,  Simon Property Group: Additional Simon Property Group  information is available at www.simon.com.  simon property group, inc. ●  increased total market capitalization to    billion at year-end    from   billion, ●  increased Funds From Operations (FFO)*  per diluted share to  .  from  . , ●  increased total revenue to  .  billion from    million, ●  significantly enhanced the quality of its real  estate portfolio as evidenced by the increase  in sales per square foot to    from   , and the improvement in portfolio  occupancy to  . % from  . %, and ●  delivered a total return to shareholders,  including the reinvestment of dividends,  of   %. Financial Highlights  1 Report to Shareholders  2 Year in Review  6 First Ten Years  18 Properties  20 Financial Contents and  Financial Reconciliation  23 Selected Financial Data  24 Management’s Discussion and Analysis  25 Financial Statements  45 Notes to Financial Statements  50 Investor Information  80 Board of Directors  82 Corporate Officers  84