Financial Data and Key Metrics Changes - Funds from operations (FFO) for Q2 2023 were $1.08 billion or $2.88 per share, showing an increase from $1.06 billion or $2.78 per share in Q2 2022 [5][6] - FFO from the real estate business was $2.81 per share in Q2 2023 compared to $2.78 per share in the prior year period [6] - Year-to-date FFO comparison shows $5.65 per share in 2023 versus $5.58 in 2022 [6] - The company generated $1.2 billion in free cash flow in Q2 and $2.1 billion year-to-date [6] - The dividend for Q3 2023 was announced at $1.90 per share, an increase of 8.6% year-over-year [9] Business Line Data and Key Metrics Changes - Domestic property net operating income (NOI) increased by 3.3% quarter-over-quarter and 3.6% for the first half of the year [6] - Portfolio NOI, including international properties at constant currency, grew by 3.7% for the quarter and 3.8% for the first half of the year [6] - Mall and outlet occupancy at the end of Q2 was 94.7%, an increase of 80 basis points year-over-year [7] - Average base minimum rent for malls and outlets was $56.27 per foot, a 3.1% increase year-over-year, while mills rent increased by 4.3% to $36.02 per foot [7] Market Data and Key Metrics Changes - Reported retail sales per square foot in Q2 were $747 for malls and outlets, and $677 for mills [8] - The company signed over 1,300 leases for more than 5 million square feet in Q2, totaling 11 million square feet year-to-date [7] Company Strategy and Development Direction - The company is focused on asset rotation to improve portfolio quality and maintain strong tenant relationships [10][17] - The management expressed confidence in achieving over 95% occupancy by year-end [13] - The company is actively looking to recycle assets to generate liquidity and improve portfolio quality [17][48] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about retail sales in the second half of 2023, expecting easier comparisons due to prior deceleration in sales [69] - The company anticipates a 3% plus growth in 2024, driven by lease-up, renewal spreads, and new business [37][71] - Management noted that the luxury retail sector remains strong and is a significant part of their tenant landscape [22][24] Other Important Information - The company completed refinancing of nine property mortgages totaling $820 million at an average rate of 6% [9] - The market value of the OPI platform is estimated at approximately $3.5 billion or roughly $10 per share [6] Q&A Session Summary Question: What is the expected occupancy level for the mall portfolio? - Management expects occupancy to be north of 95% by year-end, with positive trends in pricing power due to strong tenant demand [13][14] Question: Is the company looking to be more active in asset recycling? - Management confirmed ongoing asset recycling efforts to improve portfolio quality and generate liquidity, indicating a consistent strategy [17] Question: How does the company view the luxury retail sector? - Management sees luxury retail as a growing and important segment, with strong relationships with top brands like LVMH [22][24] Question: What is the outlook for retail sales in the second half of the year? - Management is optimistic about retail sales, expecting easier comparisons and stable economic conditions to support growth [69] Question: Can you provide insights on the impact of new leases and tenant demand? - Management noted that 30% of lease activity in the first half was new deal volume, indicating strong interest from new concepts and a positive sign for the business [55]

J UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Gr oup, Inc.) (Simon Property Gro ...

J UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Gr oup, Inc.) (Simon Property Gr ...

Simon Property Group, Inc. (NYSE:SPG) Q1 2023 Earnings Conference Call May 2, 2023 5:00 PM ET Company Participants Tom Ward - Senior Vice President of Investor Relations David Simon - Chairman, Chief Executive Officer and President Brian McDade - Chief Financial Officer Conference Call Participants Caitlin Burrows - Goldman Sachs Steve Sakwa - Evercore ISI Ronald Kamdem - Morgan Stanley Alexander Goldfarb - Piper Sandler Vince Tibone - Green Street Nick Joseph - Citi Greg McGinnis - Scotiabank Derek Johnsto ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 SIMON PROPERTY GROUP, INC. SIMON PROPERTY GROUP, L.P. (Exact name of registrant as specified in its charter) Delaware 001-14469 04-6268599 (Simon Property Group, Inc.) (Simon Property Gro up, Inc.) (Simon Property Gro up, Inc.) Delaware 001-36110 34-1755769 (Simon Property Group, L.P.) (Simon Proper ...

Simon Property Group, Inc. (NYSE:SPG) Q4 2022 Results Conference Call February 6, 2023 5:00 PM ET Company Participants Tom Ward - Senior Vice President Investor Relations David Simon - Chairman, Chief Executive Officer and President Brian McDade - Chief Financial Officer Adam Reuille - Chief Accounting Officer Conference Call Participants Ronald Kamdem - Morgan Stanley Steve Sakwa - Evercore ISI Derek Johnston - Deutsche Bank Alexander Goldfarb - Piper Sandler Vince Tibone - Green Street Craig Mailman - Cit ...

Simon Property Group, Inc. (NYSE:SPG) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants Tom Ward - SVP of IR David Simon - Chairman, CEO and President Brian McDade - CFO Conference Call Participants Steve Sakwa - Evercore ISI Alexander Goldfarb - Piper Sandler Derek Johnston - Deutsche Bank Ronald Kamdem - Morgan Stanley Vince Tibone - Green Street Floris Van Dijkum - Compass Point Nick Joseph - Citi Michael Mueller - JPMorgan Craig Schmidt - Bank of America Merrill Lynch Jua ...