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Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and the largest real estate company in the world. We own or have an interest in 337 retail real estate properties in North America and Asia comprising 245 million square feet. In March of 2012, we acquired a 29% interest in Klépierre, a publicly-traded French REIT with a portfolio of approximately 270 shopping centers in 13 countries in Europe. We are based in Indianapolis, Indiana and employ approximately 5,500 people in the U.S. (1) 

Additional Simon Property Group information is available at www.simon.com. 

## TABLE OF CONTENTS 

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## FINANCIAL HIGHLIGHTS 

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(1) As of March 26, 2012. 

(2) FFO is a non-GAAP financial measure commonly used in the real estate industry that we believe provides useful information to investors. Please refer topage 26 for a definition of FFO and to page 27 for a reconciliation of net income to FFO and of diluted net income per share to diluted FFO per share. 

(3) Includes our share of consolidated and joint venture debt. 

(4) Excludes 45 shopping centers comprising 10 million square feet owned through the Company’s interest in Gallerie Commerciali Italia (GCI); this interest was sold on January 9, 2012. Also excludes one mall disposed of in January of 2012. 

This Annual Report contains a number of forward-looking statements. For more information, please see page 25. 

