SIMON PROPERTY GROUP,INC. (NYSE:SPG) Files An 8-K Results of Operations and Financial Condition
Item2.02.Results of Operations and Financial Condition
On April27, 2017, Simon Property Group,Inc. issued a press
release containing information on earnings for the quarter ended
March31, 2017 and other matters. A copy of the press release is
furnished with this report as Exhibit99.1, and is incorporated by
reference into this report.
Item7.01.RegulationFD Disclosure
Exhibit99.1 also includes supplemental financial and operating
information for the quarter ended March31, 2017.
Item9.01.Financial Statements and Exhibits
Financial Statements:
None
Exhibits:
| Exhibit No. | Description | |
|---|---|---|
| 99.1 |
Earnings Release dated April27, 2017 and supplemental information |
The exhibit filed with this report contains measures of financial
or operating performance that are not specifically defined by
generally accepted accounting principles (“GAAP”) in the United
States, including funds from operations (“FFO”), FFO per share,
funds available for distribution, net operating income (“NOI”),
portfolio NOI, and comparable property NOI. FFO and NOI are
performance measures that are standard in the REIT business. We
believe FFO and NOI provide investors with additional information
concerning our operating performance and a basis to compare our
performance with the performance of other REITs. We also use
these measures internally to monitor the operating performance of
our portfolio. Our computation of these non-GAAP measures may not
be the same as similar measures reported by other REITs.
These non-GAAP financial measures should not be considered as
alternatives to net income as a measure of our operating
performance or to cash flows computed in accordance with GAAP as
a measure of liquidity nor are they indicative of cash flows from
operating and financial activities.
Reconciliations of each of these non-GAAP measures to the
most-directly comparable GAAP measure are included in the
exhibit.
The information in this report and the exhibit filed herewith is
being furnished, not filed, for purposes of Section18 of the
Securities Exchange Act of 1934, as amended, and to Items2.02 and
7.01 of Form8-K, will not be incorporated by reference into any
filing under the Securities Act of 1933, as amended.
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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: April27, 2017
| SIMON PROPERTY GROUP,INC. | ||||
| By: |
/s/ANDREW JUSTER Andrew Juster, Executive Vice President and Chief Financial Officer |
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7.01. Regulation FD Disclosure Item 9.01. Financial Statements
and Exhibits
About SIMON PROPERTY GROUP, INC. (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development. SIMON PROPERTY GROUP, INC. (NYSE:SPG) Recent Trading Information
SIMON PROPERTY GROUP, INC. (NYSE:SPG) closed its last trading session 00.00 at 165.04 with 2,025,564 shares trading hands.