Simon Property (SPG) 8-K Other events

Exhibit 99.1

SIMON PROPERTY GROUP

Overview

The Company

Simon Property Group, Inc. (“SPG”) (NYSE:SPG) is a self-administered and self-managed real estate investment trust (“REIT”).  Simon Property Group, L.P. (the “Operating Partnership”) is a subsidiary partnership of SPG.  Shares of SPG are paired with beneficial interests in shares of stock of SPG Realty Consultants, Inc. (“SRC”, and together with SPG, the “Company”).  The Company and the Operating Partnership (collectively the “Simon Group”) are engaged primarily in the ownership, operation, management, leasing, acquisition, expansion and development of real estate properties, primarily regional malls and community shopping centers.

At September 30, 2001, the Company, directly or through the Operating Partnership, owned or had an interest in 250 properties which consisted of regional malls, community shopping centers, and specialty and mixed-use properties containing an aggregate of 185 million square feet of gross leasable area (GLA) in 36 states and six assets in Europe and Canada.  The Company, together with its affiliated management companies, owned or managed approximately 189 million square feet of GLA in retail and mixed-use properties.

This package was prepared to provide (1) ownership information, (2) certain operational information, and (3) debt information as of September 30, 2001, for the Company and the Operating Partnership.

Certain statements contained in this Supplemental Package may constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Readers are cautioned that forward-looking statements involve risks and uncertainties, which may affect the business and prospects of the Company and the Operating Partnership.  We direct you to the Company’s various filings with the Securities and Exchange Commission including Form 10-K and Form 10-Q for a detailed discussion of risks and uncertainties.

We hope you find this Supplemental Package beneficial.  Any questions, comments or suggestions should be directed to:  Shelly J. Doran, Director of Investor Relations-Simon Property Group, P.O. Box 7033, Indianapolis, IN 46207.  Telephone:  (317) 685-7330; e-mail:  sdoran@simon.com

Simon Property Group Economic Ownership Structure ⁽¹⁾

September 30, 2001

Simon Property Group, Inc. (2)(3)(4)
Common Shareholders		Shares				%
Public Shareholders		167,155,128			96.8			%
Simon Family		4,353,311			2.5			%
DeBartolo Family		34,665			0.0			%
Executive Management (5)		1,276,157				0.7		%
		172,819,261			(4)		100.0	%
	á
	|								Ownership of Simon Property Group, L.P.
	|
	|			171,148,317 units					Simon Property Group, Inc.	%
	|								Public Shareholders	70.2	%
	|								Simon Family	1.8	%
	|								DeBartolo Family	0.0
									Executive Management (5)	0.5	%
									Subtotal	72.5	%
	Simon Property Group, L.P.								Limited Partners
			236,037,664  units						Simon Family	14.7	%
									DeBartolo Family	9.2	%
	|								Executive Management (5)	0.1	%
	|								Other Limited Partners	3.5	%
	|			64,889,347 units					Subtotal	27.5	%
	|								Total	100.0	%
	|
	â
Limited Partners (“Limited Partners”)
Unitholders		Units				%
Simon Family		34,584,455			53.3			%
DeBartolo Family		21,759,328			33.5			%
Executive Management (5)		153,498			0.2			%
Other Limited Partners		8,392,066				13.0		%
		64,889,347			100.0			%

(1)   Schedule excludes preferred stock (see "Preferred Stock/Units Outstanding") and units not convertible into common stock.

(2)   Managing general partner of Simon Property Group, L.P.

(3)   Shares of Simon Property Group, Inc. ("SPG") are paired with beneficial interests in shares of stock of SPG Realty Consultants, Inc.

(4)   The number of outstanding shares of common stock of SPG exceeds the number of Simon Property Group, L.P.  units owned by SPG by 1,670,944.  This is the result of the direct ownership of Ocean County Mall by SPG, partially offset by units issued to SPG in exchange for Northshore Mall.

(5)   Executive management excludes Simon family members.

SIMON PROPERTY GROUP

Changes in Common Shares and Unit Ownership

For the Period from December 31, 2000 through September 30, 2001

	Operating
	Partnership		Company
	Units(1)		Common Shares(2)
Number Outstanding at December 31, 2000	64,966,226		171,945,760
Restricted Stock Awards (Stock Incentive Program), Net	-		457,853
Issuance of Stock for Stock Option Exercises	-		368,851
Conversion of Series A Preferred Stock into Common Stock	-		46,797
Conversion of Units into Cash	(85,064	)	-
Issuance of Units in Connection with Liberty Tree Mall	8,185		-
Number Outstanding at September 30, 2001	64,889,347		172,819,261

Total Common Shares and Units Outstanding at September 30, 2001:
237,708,608 ⁽²⁾

Details for Diluted FFO Calculation:
Company Common Shares Outstanding at September 30, 2001	172,819,261
Number of Common Shares Issuable Assuming Conversion of:
Series A Preferred 6.5% Convertible(3)	1,893,651
Series B Preferred 6.5% Convertible(3)	12,490,773
Net Number of Common Shares Issuable Assuming Exercise of Stock Options	323,785
Diluted Common Shares Outstanding at September 30, 2001	187,527,470

Fully Diluted Common Shares and Units Outstanding at September 30, 2001:

252,416,817

(1)   Excludes units owned by the Company (shown here as Company Common Shares) and units not convertible into  common shares.

(2)   Excludes preferred units relating to preferred stock outstanding (see Schedule of Preferred Stock Outstanding).

(3)   Conversion terms provided in footnotes (1) and (2) on page 8 of this document.

SIMON PROPERTY GROUP

Preferred Stock/Units Outstanding

As of September 30, 2001

($ in 000’s)

			Per Share	Aggregate
		Number of	Liquidation	Liquidation	Ticker
Issuer	Description	Shares/Units	Preference	Preference	Symbol
Preferred Shares:
Convertible
Simon Property Group, Inc.	Series A Preferred	49,839	$1,000	$49,839	N/A
	6.5% Convertible (1)
Simon Property Group, Inc.	Series B Preferred	4,830,057	$100	$483,006	SPGPrB
	6.5% Convertible (2)
Perpetual
Simon Property Group, Inc.	Series E Preferred 8% Cumulative Redeemable (3)	1,000,000	$25	$25,000	N/A
Simon Property Group, Inc.	Series F Preferred	8,000,000	$25	$200,000	SPGPrF
	8 ¾% Perpetual (4)
Simon Property Group, Inc.	Series G Preferred 7.89% Perpetual (5)	3,000,000	$50	$150,000	SPGPrG
Preferred Units:
Simon Property Group, L.P.	Series C 7% Cumulative Convertible Preferred(6)	2,600,895	$28	$72,825	N/A
Simon Property Group, L.P.	Series D 8% Cumulative Redeemable Preferred (7)	2,600,895	$30	$78,027	N/A

(1)   Assumed in connection with the CPI merger.  Each share is convertible into a number of shares of common stock obtained by dividing $1,000 by $26.319 (conversion price), which is subject to adjustment as outlined below.  The stock is not redeemable, except as needed to maintain or bring the direct or indirect ownership of the capital stock of the Company into conformity with the requirements of Section 856(a)(6) of the Code.

(2)   Issued as part of the consideration for the CPI merger.  Each share is convertible into a number of shares of common stock of the Company obtained by dividing $100 by $38.669 (the conversion price), which is subject to adjustment as outlined below.  The Company may redeem the stock on or after September 24, 2003 at a price beginning at 105% of the liquidation preference plus accrued dividends and declining to 100% of the liquidation preference plus accrued dividends any time on or after September 24, 2008.  The shares are traded on the New York Stock Exchange. The closing price on September 30, 2001, was $76.97 per share.  (The conversion prices of the Series A and Series B Convertible Preferred Stock are subject to adjustment by the Company in connection with certain events.)

(3)   Issued in connection with the acquisition of Mall of America.  Simon Property Group, Inc. Series E Preferred 8% Cumulative Redeemable Stock is not redeemable prior to August 27, 2004.

(4)   Represent securities issued to holders of substantially identical securities of SPG Properties, Inc., a former subsidiary of SPG which was merged into SPG effective July 1, 2001.  The shares are redeemable on or after September 29, 2006.  The shares are not convertible into any other securities of SPG.  The shares are traded on the New York Stock Exchange.  The closing price on September 30, 2001, was $24.95 per share.

(5)   Represent securities issued to holders of substantially identical securities of SPG Properties, Inc., a former subsidiary of SPG which was merged into SPG effective July 1, 2001.  The Cumulative Step-Up Premium Rate Preferred Stock was issued at 7.89%. The shares are redeemable after September 30, 2007.  Beginning October 1, 2012, the rate increases to 9.89%. The shares are not convertible into any other securities of SPG.  The shares are traded on the New York Stock Exchange.  The closing price on September 30, 2001 was $46.50 per share.

(6)   Issued in connection with the New England Development Acquisition.  Each unit/share is convertible into 0.75676 shares of common stock on or after August 27, 2004 if certain conditions are met.  Each unit/share is not redeemable prior to August 27, 2009.

(7)   Issued in connection with the New England Development Acquisition.  Each unit/share is not redeemable prior to August 27, 2009.

SIMON PROPERTY GROUP

Reconciliation of Income to Funds From Operations ("FFO")

As of September 30, 2001

(Amounts in thousands, except per share data)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
The Operating Partnership	2001			2000			2001			2000
Income Before Extraordinary Items and Cumulative Effect of Accounting Change (1)(2)	$	69,585		$	77,434		$	203,330		$	224,482
Plus:   Depreciation and Amortization from Combined Consolidated Properties	110,799			105,600			323,545			302,742
Plus:   Simon's Share of Depreciation and Amortization from Unconsolidated Entities	33,955			30,395			98,675			87,251
Plus:  Write-off of Technology Investments	16,645			-			16,645			-
Less:  (Gain) Loss on Sales of Real Estate	131			(151		)	(2,552		)	(8,809		)
Less:   Minority Interest Portion of Depreciation, Amortization and Extraordinary Items	(1,540		)	(1,491		)	(4,527		)	(4,446		)
Less:   Preferred Distributions (including those of subsidiary)	(19,334		)	(19,334		)	(58,111		)	(58,074		)
FFO of the Simon Portfolio	$	210,241		$	192,453		$	577,005		$	543,146
Percent Increase	9.2		%				6.2		%
FFO of the Simon Portfolio	$	210,241		$	192,453		$	577,005		$	543,146
Basic FFO per Paired Share:
Basic FFO Allocable to the Companies	$	152,683		$	139,472		$	418,965		$	394,021
Basic Weighted Average Paired Shares Outstanding	172,746			172,759			172,413			173,216
Basic FFO per Paired Share	$	0.88		$	0.81		$	2.43		$	2.27
Percent Increase	8.6		%				7.0		%
Diluted FFO per Paired Share:
Diluted FFO Allocable to the Companies	$	162,847		$	148,962		$	447,549		$	421,997
Diluted Weighted Average Number of Equivalent Paired Shares	187,416			187,293			187,153			187,803
Diluted FFO per Paired Share	$	0.87		$	0.80		$	2.39		$	2.25
Percent Increase	8.8		%				6.2		%

(1)   Includes gains on land sales of $5.0 million and $6.3 million for the three months ended September 30, 2001 and 2000, respectively, and $8.3 million and $10.8 million for the nine months ended September 30, 2001 and 2000, respectively.

(2)   Includes straight-line adjustments to minimum rent of $3.3 million and $4.6 million for the three months ended September 30, 2001 and 2000, respectively, and $9.4 million and $14.9 million for the nine months ended September 30, 2001 and 2000, respectively.

SIMON PROPERTY GROUP

Selected Financial Information

As of September 30, 2001

(In thousands, except as noted)

	As of or for the
	Nine Months Ended
	September 30,
	2001			2000			% Change
Financial Highlights of the Company
Total Revenue - Consolidated Properties	$	1,479,593		$	1,459,436		1.4	%
Total EBITDA of the Simon Group Portfolio	$	1,569,950	(5)	$	1,506,114		4.2	%
Simon Group's Share of EBITDA	$	1,190,650	(5)	$	1,160,380		2.6	%
Net Income Available to Common Shareholders	$	103,936		$	111,280		-6.6	%
Basic Net Income per Paired Share	$	0.60		$	0.64		-6.3	%
Diluted Net Income per Paired Share	$	0.60		$	0.64		-6.3	%
FFO of the Simon Portfolio	$	577,005		$	543,146		6.2	%
Basic FFO Allocable to the Companies	$	418,965		$	394,021		6.3	%
Diluted FFO Allocable to the Companies	$	447,549		$	421,997		6.1	%
Basic FFO per Paired Share	$	2.43		$	2.27		7.0	%
Diluted FFO per Paired Share	$	2.39		$	2.25		6.2	%
Distributions per Paired Share	$	1.575		$	1.515		4.0	%
Operational Statistics
Occupancy at End of Period:
Regional Malls (1)	90.6		%	90.5		%	0.1	%
Community Shopping Centers (2)	86.0		%	91.8		%	-5.8	%
Average Base Rent per Square Foot:
Regional Malls (1)	$	29.03		$	27.97		3.8	%
Community Shopping Centers (2)	$	9.81		$	9.22		6.4	%
Releasing Spread, Regional Malls:
Opening Base Rent per Square Foot	$	35.29		$	33.78		4.5	%
Closing Base Rent per Square Foot	$	28.61		$	30.10		-5.0	%
Releasing Spread per Square Foot	$	6.68		$	3.68		81.5	%
Percentage Increase	23.3		%	12.2		%	11.1	%
Regional Malls:
Total Tenant Sales Volume, in millions(3)(4)	$	11,161		$	10,842		2.9	%
Comparable Sales per Square Foot (4)	$	380		$	385		-1.3	%
Total Sales per Square Foot (4)	$	378		$	375		0.8	%
Number of U.S. Properties Open at End of Period	250			251			-0.4	%
Total U.S. GLA at End of Period, in millions of square feet	184.8			184.1			0.4	%

(1)   Includes mall and freestanding stores.

(2)   Includes all Owned GLA.

(3)   Represents only those tenants who report sales.

(4)   Based upon the standard definition of sales for regional malls adopted by the International Council of Shopping Centers which includes only mall and freestanding stores less than 10,000 square feet.

(5)   Excludes technology initiatives.

SIMON PROPERTY GROUP

Selected Financial Information

As of September 30, 2001

(In thousands, except as noted)

	September 30,		September 30,
Equity Information	2001		2000
Limited Partner Units Outstanding at End of Period	64,889		64,966
Paired Shares Outstanding at End of Period	172,819		171,935
Total Common Shares and Units Outstanding at End of Period	237,709		236,901
Basic Weighted Average Paired Shares Outstanding	172,413		173,216
Diluted Weighted Average Number of Equivalent Paired Shares(1)	187,153		187,803
	September 30,		December 31,
	2001		2000
Debt Information
Consolidated Debt	$	8,792,090	$	8,728,582
Simon Group's Share of Joint Venture Debt	$	2,281,283	$	2,186,197
Debt-to-Market Capitalization
Common Stock Price at End of Period	$	26.91	$	24.00
Equity Market Capitalization (2)	$	7,346,851	$	6,596,008
Total Consolidated Capitalization	$	16,138,941	$	15,324,590
Total Capitalization - Including Simon Group's Share of JV Debt	$	18,420,224	$	17,510,787

(1)   Diluted for purposes of computing FFO per share.

(2)   Market value of Common Stock, Units and all issues of Preferred Stock of SPG .

SIMON PROPERTY GROUP

Portfolio GLA, Occupancy & Rent Data

As of September 30, 2001

						Avg. Annualized
					% of Owned		Base Rent Per
		Total	% of		GLA Which		Leased Sq. Ft.
Type of Property	GLA-Sq. Ft.	Owned GLA	Owned GLA		is Leased	of Owned GLA
Regional Malls
-Anchor	97,015,040	30,139,735	27.2	%	97.4	%	$3.93
-Mall Store	56,310,309	56,262,412	50.8	%	90.7	%	$29.75
-Freestanding	3,697,269	1,938,162	1.7	%	90.0	%	$9.30
Subtotal	60,007,578	58,200,574	52.5	%	90.6	%	$29.03
Regional Mall Total	157,022,618	88,340,309	79.7	%	93.0	%
Community Shopping Centers
-Anchor	12,756,415	8,143,108	7.3	%	86.6	%	$7.92
-Mall Store	4,378,652	4,292,894	3.9	%	84.6	%	13.56
-Freestanding	786,132	324,380	.3	%	88.8	%	9.08
Community Ctr. Total	17,921,199	12,760,382	11.5	%	86.0	%	$9.81
Office Portion of Mixed-Use Properties	2,524,311	2,524,311	2.3	%	86.2	%	$19.07
Value-Oriented Super-Regional Malls	6,448,390	6,323,390	5.7	%	93.0	%	$17.47
Other	842,714	831,738	.8	%
GRAND TOTAL	184,759,232	110,780,130	100.00	%

Occupancy History

		Community
As of	Regional Malls(1)	Shopping Centers(2)
9/30/01	90.6%	86.0%
9/30/00	90.5%	91.8%
12/31/00	91.8%	91.5%
12/31/99	90.6%	88.6%
12/31/98	90.0%	91.4%
12/31/97	87.3%	91.3%
12/31/96	84.7%	91.6%

(1)   Includes mall and freestanding stores.

(2)   Includes all Owned GLA.

SIMON PROPERTY GROUP

Rent Information

As of September 30, 2001

Average Base Rent
	Mall & Freestanding		% Change	Community  Shopping Centers		% Change
As of	Stores at Regional Malls
9/30/01	$	29.03	3.8%	$	9.81	6.4%
9/30/00	27.97		-	9.22		-
12/31/00	$	28.31	3.6%	$	9.36	12.0%
12/31/99	27.33		6.3	8.36		8.9
12/31/98	25.70		8.7	7.68		3.2
12/31/97	23.65		14.4	7.44		-2.7
12/31/96	20.68		7.8	7.65		4.9

Rental Rates
	Base Rent (1)
	Store Openings		Store Closings		Amount of Change
Year	During Period		During Period		Dollar			Percentage
Regional Malls:
2001 (YTD)	$	35.29	$	28.61	$	6.68		23.3	%
2000	35.13		29.24		5.89			20.1
1999	31.25		24.55		6.70			27.3
1998	27.33		23.63		3.70			15.7
1997	29.66		21.26		8.40			39.5
1996	23.59		18.73		4.86			25.9
Community Shopping Centers:
2001 (YTD)	$	13.06	$	7.61	$	5.45		71.6	%
2000	14.21		11.51		$	2.70		23.5
1999	10.26		7.44		2.82			37.9
1998	10.43		10.95		(0.52		)	(4.7	)
1997	8.63		9.44		(0.81		)	(8.6	)
1996	8.18		6.16		2.02			32.8

(1)   Represents the average base rent in effect during the period for those tenants who signed leases as compared to the average base rent in effect during the period for those tenants whose leases terminated or expired.

SIMON PROPERTY GROUP

Lease Expirations⁽¹⁾

As of September 30, 2001

	Number of	Square	Avg. Base Rent
Year	Leases Expiring	Feet	per Square Foot
			at 9/30/01
Regional Malls - Mall & Freestanding Stores
2001 (10/1 - 12/31)	237	495,379	$27.22
2002	1,839	3,509,546	28.84
2003	1,976	4,408,775	30.43
2004	1,812	4,513,076	30.35
2005	1,708	5,272,402	28.80
2006	1,739	4,865,862	30.26
2007	1,434	4,318,057	31.77
2008	1,285	4,402,405	30.97
2009	1,331	4,352,256	28.85
2010	1,549	4,673,593	32.98
TOTALS	14,910	40,811,351	$30.37
Regional Malls - Anchor Tenants
2001 (10/1 - 12/31)	-	-	-
2002	15	1,731,048	$1.78
2003	16	1,999,403	2.21
2004	26	2,528,258	3.30
2005	25	3,176,590	2.23
2006	23	2,915,254	2.92
2007	9	1,217,125	1.87
2008	16	1,682,610	4.34
2009	16	1,986,791	2.82
2010	14	1,392,776	4.01
TOTALS	160	18,629,855	$2.80
Community Centers - Mall Stores & Freestanding Stores
2001 (10/1 - 12/31)	16	40,188	$13.28
2002	198	439,579	12.41
2003	164	548,488	12.32
2004	162	511,462	13.59
2005	183	637,510	14.66
2006	116	467,569	14.08
2007	38	286,378	10.27
2008	17	124,444	14.07
2009	15	85,993	18.44
2010	25	192,020	14.79
TOTALS	934	3,333,631	$13.38
Community Centers - Anchor Tenants
2001 (10/1 -12/31)	-	-	-
2002	5	165,825	$6.41
2003	13	379,033	6.69
2004	12	410,586	5.09
2005	17	680,836	6.73
2006	14	556,689	6.20
2007	13	483,661	6.14
2008	9	237,172	11.00
2009	13	530,990	7.27
2010	19	719,935	9.62
TOTALS	115	4,164,727	$7.24

(1)   Does not consider the impact of options to renew that may be contained in leases.

SIMON PROPERTY GROUP

SPG's Share of Total Debt Amortization and Maturities by Year

As of September 30, 2001

(In thousands)

		SPG's Share of			SPG's Share of			SPG's Share of
		Secured			Unsecured			Unconsolidated		SPG's Share of
		Consolidated			Consolidated			Joint Venture		Total
Year		Debt			Debt			Debt		Debt
2001	1	50,753			0			2,966		53,719
2002	2	297,339			422,929			115,040		835,308
2003	3	577,835			1,298,000			309,818		2,185,653
2004	4	710,878			803,535			214,641		1,729,054
2005	5	196,409			660,000			346,014		1,202,423
2006	6	174,780			550,000			332,567		1,057,347
2007	7	380,528			180,000			142,399		702,927
2008	8	50,936			200,000			302,799		553,734
2009	9	338,477			450,000			46,971		835,448
2010	10	106,081			0			300,650		406,731
Thereafter		468,889			725,000			160,571		1,354,461
Subtotal Face Amounts		$	3,352,905		$	5,289,464		$	2,274,437	$	10,916,806
Premiums and Discounts on Indebtedness, Net		(2,354		)	(4,868		)	6,846		(376		)
SPG's Share of Total Indebtedness		$	3,350,551		$	5,284,596		$	2,281,283	$	10,916,430

SIMON PROPERTY GROUP

Summary of Indebtedness

As of September 30, 2001

(In thousands)

			SPG's Share ofIndebtedness
	Total Indebtedness				Weighted Avg.		Weighted Avg. Years
					Interest Rate		to Maturity
Consolidated Indebtedness
Mortgage Debt
Fixed Rate (1)	2,686,455		2,548,276		7.37	%	6.0
Other Hedged Debt	87,000		75,250		5.69	%	2.3
Floating Rate Debt	737,138		729,379		3.34	%	2.8
Total Mortgage Debt	3,510,593		3,352,905		6.58	%	5.3
Unsecured Debt
Fixed Rate	4,318,200		4,318,200		7.21	%	5.4
Floating Rate Debt	183,264		183,264		5.97	%	0.6
Subtotal	4,501,464		4,501,464		7.16	%	5.2
Revolving Corporate Credit Facility	583,000		583,000		3.28	%	1.9
Revolving Corporate Credit Facility (Hedged)	140,000		140,000		3.28	%	1.9
Unsecured Term Loan	65,000		65,000		3.43	%	1.9
Total Unsecured Debt	5,289,464		5,289,464		6.50	%	4.8
Adjustment to Fair Market Value - Fixed Rate	(8,040	)	(7,295	)	N/A		N/A
Adjustment to Fair Market Value - Variable Rate	73		73		N/A		N/A
Consolidated Mortgages and Other Indebtedness	8,792,090		8,635,147		6.53	%	5.0
Joint Venture Indebtedness
Mortgage Debt
Fixed Rate	3,774,617		1,611,903		7.52	%	6.2
Other Hedged Debt	1,037,900		413,319		3.55	%	2.8
Floating Rate Debt	619,417		245,959		4.14	%	2.2
Subtotal	5,431,934		2,271,181		6.43	%	5.1
Unsecured Fixed Rate Debt	6,511		3,256		7.93	%	4.3
Total Unsecured Debt	6,511		3,256		7.93	%	4.2
Adjustment to Fair Market Value - Fixed Rate	13,686		6,846		N/A		N/A
Joint Venture Mortgages and Other Indebtedness	5,452,131		2,281,283		6.43	%	5.1
SPG's Share of Total Indebtedness			10,916,430		6.51	%	5.0

(1)  Includes $163,200 of variable rate debt, of which $127,169 is SPG's share, that is effectively fixed to maturity through the use of interest rate hedges.

SIMON PROPERTY GROUP

Summary of Indebtedness By Maturity

As of September 30, 2001

(In thousands)

								SPG's		Weighted Avg
Property			Maturity	Interest		Total		Share of		Interest Rate
Name			Date	Rate		Indebtedness		Indebtedness		by Year
Consolidated Indebtedness
Fixed Rate Mortgage Debt:
Lima Mall - 1			03/01/02	7.12	%	14,180		14,180
Lima Mall - 2			03/01/02	7.12	%	4,723		4,723
Columbia Center			03/01/02	7.62	%	42,326		42,326
Northgate Shopping Center			03/01/02	7.62	%	79,035		79,035
River Oaks Center			06/01/02	8.67	%	32,500		32,500
North Riverside Park Plaza - 1			09/01/02	9.38	%	3,607		3,607
North Riverside Park Plaza - 2			09/01/02	10.00	%	3,481		3,481
South Park Mall - 3	(8	)	09/15/02	7.01	%	2,000		2,000
Hutchinson Mall - 2	(9	)	09/15/02	6.81	%	4,456		4,456
Hutchinson Mall - 1	(9	)	11/01/02	8.44	%	11,106		11,106
Palm Beach Mall			12/15/02	7.50	%	47,373		47,373
Subtotal 2002						244,787		244,787		7.77	%
Raleigh Springs Mall			02/23/03	4.28	%	11,000		11,000
Principal Mutual Mortgages - Pool 1	(1),(8	)	03/15/03	6.66	%	76,950		76,950
Principal Mutual Mortgages - Pool 2	(1),(9	)	03/15/03	6.62	%	110,337		110,337
South Park Mall	(8	)	06/15/03	7.25	%	23,680		23,680
Century III Mall			07/01/03	6.78	%	66,000		66,000
Miami International Mall			12/21/03	6.91	%	44,836		26,902
Subtotal 2003						332,803		314,869		6.65	%
Battlefield Mall - 1			01/01/04	7.50	%	45,383		45,383
Battlefield Mall - 2			01/01/04	6.81	%	43,651		43,651
Forum Phase I - Class A-2			05/15/04	6.19	%	44,386		26,632
Forum Phase II - Class A-2			05/15/04	6.19	%	40,614		22,338
Forum Phase I - Class A-1			05/15/04	7.13	%	46,996		28,198
Forum Phase II - Class A-1			05/15/04	7.13	%	43,004		23,652
CMBS Loan - Variable Component	(5	)	12/15/04	6.20	%	50,000		50,000
CMBS Loan - Fixed Component			12/15/04	7.31	%	175,000		175,000
Subtotal 2004						489,034		414,853		6.99	%
Tippecanoe Mall - 1	(3	)	01/01/05	8.45	%	43,975		43,975
Tippecanoe Mall - 2	(3	)	01/01/05	6.81	%	15,524		15,524
Melbourne Square			02/01/05	7.42	%	37,960		37,960
Cielo Vista Mall - 2			11/01/05	8.13	%	1,315		1,315
Subtotal 2005						98,774		98,774		7.79	%
Treasure Coast Square - 1			01/01/06	7.42	%	50,893		50,893
Treasure Coast Square - 2			01/01/06	8.06	%	11,812		11,812
Gulf View Square			10/01/06	8.25	%	35,954		35,954
Paddock Mall			10/01/06	8.25	%	28,592		28,592
Subtotal 2006						127,251		127,251		7.90	%
Lakeline Mall			05/01/07	7.65	%	70,727		70,727
Cielo Vista Mall - 1	(4	)	05/01/07	9.38	%	53,142		53,142
Cielo Vista Mall - 3	(4	)	05/01/07	6.76	%	37,787		37,787
McCain Mall - 1	(4	)	05/01/07	9.38	%	24,815		24,815
McCain Mall - 2	(4	)	05/01/07	6.76	%	17,441		17,441
Valle Vista Mall - 1	(4	)	05/01/07	9.38	%	32,866		32,866
Valle Vista Mall - 2	(4	)	05/01/07	6.81	%	7,754		7,754
University Park Mall			10/01/07	7.43	%	59,500		35,700
Subtotal 2007						304,032		280,232		8.11	%
Arsenal Mall - 1			09/28/08	6.75	%	33,951		33,951
Subtotal 2008						33,951		33,951		6.75	%
College Mall - 1	(3	)	01/01/09	7.00	%	39,748		39,748
College Mall - 2	(3	)	01/01/09	6.76	%	11,639		11,639
Greenwood Park Mall - 1	(3	)	01/01/09	7.00	%	33,290		33,290
Greenwood Park Mall - 2	(3	)	01/01/09	6.76	%	60,138		60,138
Towne East Square - 1	(3	)	01/01/09	7.00	%	52,550		52,550
Towne East Square - 2	(3	)	01/01/09	6.81	%	24,255		24,255
Bloomingdale Court			10/01/09	7.78	%	29,406		29,406
Forest Plaza			10/01/09	7.78	%	16,128		16,128
Lake View Plaza			10/01/09	7.78	%	21,439		21,439
Lakeline Plaza			10/01/09	7.78	%	23,505		23,505
Lincoln Crossing			10/01/09	7.78	%	3,246		3,246
Matteson Plaza			10/01/09	7.78	%	9,441		9,441
Muncie Plaza			10/01/09	7.78	%	8,162		8,162
Regency Plaza			10/01/09	7.78	%	4,425		4,425
St. Charles Towne Plaza			10/01/09	7.78	%	28,324		28,324
West Ridge Plaza			10/01/09	7.78	%	5,704		5,704
White Oaks Plaza			10/01/09	7.78	%	17,407		17,407
Subtotal 2009						388,807		388,807		7.28	%
Trolley Square			08/01/10	9.03	%	29,560		26,604
Crystal River			11/11/10	7.63	%	16,193		16,193
Biltmore Square			12/11/10	7.95	%	26,000		17,342
Port Charlotte Town Center			12/11/10	7.98	%	53,250		42,600
Subtotal 2010						125,003		102,739		8.19	%
Knoxville Center	(10	)	08/11/11	6.99	%	63,806		63,806
Ingram Park Mall	(10	)	08/11/11	6.99	%	84,259		84,259
Towne West Square	(10	)	08/11/11	6.99	%	55,155		55,155
Northlake Mall	(10	)	08/11/11	6.99	%	73,607		73,607
Tacoma Mall	(10	)	09/28/11	7.00	%	135,000		135,000
Subtotal 2011						411,827		411,827		6.99	%
Chesapeake Center			05/15/15	8.44	%	6,563		6,563
Grove at Lakeland Square, The			05/15/15	8.44	%	3,750		3,750
Terrace at Florida Mall, The			05/15/15	8.44	%	4,688		4,688
Subtotal 2015						15,001		15,001		8.44	%
Arsenal Mall - 2			05/15/16	8.20	%	2,080		2,080
Subtotal 2016						2,080		2,080		8.20	%
Sunland Park Mall			01/01/26	8.63	%	38,375		38,375
Subtotal 2026						38,375		38,375		8.63	%
Keystone at the Crossing			07/01/27	7.85	%	62,352		62,352
Subtotal 2027						62,352		62,352		7.85	%
Other						12,378		12,378
Total Consolidated Fixed Rate Mortgage Debt						2,686,455		2,548,276		7.37	%
Variable Rate Mortgage Debt:
Randall Park Mall - 1			12/11/01	5.73	%	35,000		35,000
Randall Park Mall - 2			12/11/01	7.63	%	5,000		5,000
Subtotal 2001						40,000		40,000		5.97	%
White Oaks Mall			03/01/02	5.26	%	16,500		9,062
Highland Lakes Center			03/01/02	4.13	%	12,877		12,877
Mainland Crossing			03/31/02	4.13	%	1,603		1,282
Bowie Mall -1	(6	)	12/14/02	4.13	%	4,500		4,500
Subtotal 2002						35,480		27,721		4.50	%
Richmond Towne Square	(1	)	07/15/03	3.63	%	58,646		58,646
Shops @ Mission Viejo	(1	)	08/31/03	3.68	%	145,256		145,256
Arboretum	(1	)	11/30/03	4.13	%	34,000		34,000
Subtotal 2003						237,902		237,902		3.73	%
Jefferson Valley Mall	(1	)	01/11/04	3.88	%	60,000		60,000
North East Mall	(1	)	05/21/04	4.01	%	148,794		148,794
Waterford Lakes	(1	)	08/16/04	4.03	%	65,781		65,781
Subtotal 2004						274,575		274,575		3.98	%
Brunswick Square	(1	)	06/12/05	4.13	%	45,000		45,000
Bowie Mall -2	(1),(6	)	12/14/05	4.13	%	34,181		34,181
Subtotal 2005						79,181		79,181		4.13	%
Chesapeake Square			07/01/06	5.38	%	47,000		35,250
Riverway	(1	)	10/01/06	3.78	%	110,000		110,000
Subtotal 2006						157,000		145,250		4.17	%
Total Variable Rate Mortgage Debt						824,138		804,629		4.07	%
Total Consolidated Mortgage Debt						3,510,593		3,352,905		6.58	%
Fixed Rate Unsecured Debt:
Unsecured Notes - CPI 1			03/15/02	9.00	%	250,000		250,000
Subtotal 2002						250,000		250,000		9.00	%
Unsecured Notes - CPI 2			04/01/03	7.05	%	100,000		100,000
SPG, LP (Bonds)			06/15/03	6.63	%	375,000		375,000
SPG, LP (PATS)			11/15/03	6.75	%	100,000		100,000
Subtotal 2003						575,000		575,000		6.72	%
SCA (Bonds)			01/15/04	6.75	%	150,000		150,000
SPG, LP (Bonds)			02/09/04	6.75	%	300,000		300,000
SPG, LP (Bonds)			07/15/04	6.75	%	100,000		100,000
Simon ERE Facility	(1	)	07/31/04	7.75	%	28,200		28,200
Unsecured Notes - CPI 3			08/15/04	7.75	%	150,000		150,000
Subtotal 2004						728,200		728,200		6.99	%
SCA (Bonds)			05/15/05	7.63	%	110,000		110,000
SPG, LP (Bonds)			06/15/05	6.75	%	300,000		300,000
SPG, LP (MTN)			06/24/05	7.13	%	100,000		100,000
SPG, LP (Bonds)			10/27/05	6.88	%	150,000		150,000
Subtotal 2005						660,000		660,000		6.98	%
SPG, LP (Notes)			01/20/06	7.38	%	300,000		300,000
SPG, LP (Bonds)			11/15/06	6.88	%	250,000		250,000
Subtotal 2006						550,000		550,000		7.15	%
SPG, LP (MTN)			09/20/07	7.13	%	180,000		180,000
Subtotal 2007						180,000		180,000		7.13	%
SPG, LP (MOPPRS)			06/15/08	7.00	%	200,000		200,000
Subtotal 2008						200,000		200,000		7.00	%
SPG, LP (Bonds)			02/09/09	7.13	%	300,000		300,000
SPG, LP (Bonds)			07/15/09	7.00	%	150,000		150,000
Subtotal 2009						450,000		450,000		7.08	%
SPG, LP (Notes)			01/20/11	7.75	%	200,000		200,000
Subtotal 2011						200,000		200,000		7.75	%
Unsecured Notes - CPI 4			09/01/13	7.18	%	75,000		75,000
Subtotal 2013						75,000		75,000		7.18	%
Unsecured Notes - CPI 5			03/15/16	7.88	%	250,000		250,000
Subtotal 2016						250,000		250,000		7.88	%
SPG, LP (Bonds)			06/15/18	7.38	%	200,000		200,000
Subtotal 2018						200,000		200,000		7.38	%
Total Unsecured Fixed Rate Debt						4,318,200		4,318,200		7.21	%
Variable Rate Unsecured Debt:
SPG, L.P. Unsecured Term Loan - 1			02/28/02	3.43	%	150,000		150,000
SPG, L.P. Unsecured Term Loan - 2	(1	)	03/30/02	3.63	%	22,929		22,929
Subtotal 2002						172,929		172,929		3.46	%
Corporate Revolving Credit Facility	(1	)	08/25/03	3.28	%	723,000		723,000
Subtotal 2003						723,000		723,000		3.28	%
SPG, L.P. Unsecured Term Loan - 3	(1	)	03/15/04	3.43	%	65,000		65,000
Simon ERE Facility	(1	)	07/31/04	3.23	%	10,335		10,335
Subtotal 2004						75,335		75,335		3.40	%
Total Unsecured Variable Rate Debt						971,264		971,264		3.32	%
Total Unsecured Debt						5,289,464		5,289,464		6.50	%
Net Premium on Fixed-Rate Indebtedness						(8,040	)	(7,295	)	N/A
Net Premium on Variable-Rate Indebtedness						73		73		N/A
Total Consolidated Debt						8,792,090		8,635,147		6.53	%
Joint Venture Indebtedness
Fixed Rate Mortgage Debt:
Square One			01/01/02	8.40	%	103,478		50,847
Subtotal 2002						103,478		50,847		8.40	%
Crystal Mall			02/01/03	8.66	%	47,125		35,141
Avenues, The			05/15/03	8.36	%	55,463		13,866
Subtotal 2003						102,588		49,006		8.58	%
Solomon Pond			02/01/04	7.83	%	94,330		46,351
Northshore Mall			05/14/04	9.05	%	161,000		79,111
Indian River Commons			11/01/04	7.58	%	8,329		4,165
Indian River Mall			11/01/04	7.58	%	46,215		23,108
Subtotal 2004						309,874		152,735		8.42	%
Westchester, The - 1			09/01/05	8.74	%	148,437		59,375
Westchester, The - 2			09/01/05	7.20	%	52,657		21,063
Subtotal 2005						201,094		80,438		8.34	%
Cobblestone Court			01/01/06	7.64	%	6,180		2,163
Crystal Court			01/01/06	7.64	%	3,570		1,250
Fairfax Court			01/01/06	7.64	%	10,320		2,709
Gaitway Plaza			01/01/06	7.64	%	7,350		1,715
Plaza at Buckland Hills, The			01/01/06	7.64	%	17,570		6,018
Ridgewood Court			01/01/06	7.64	%	8,090		2,832
Royal Eagle Plaza			01/01/06	7.64	%	7,920		2,772
Village Park Plaza			01/01/06	7.64	%	8,960		3,136
West Town Corners			01/01/06	7.64	%	10,330		2,411
Westland Park Plaza			01/01/06	7.64	%	4,950		1,155
Willow Knolls Court			01/01/06	7.64	%	6,490		2,272
Yards Plaza, The			01/01/06	7.64	%	8,270		2,895
CMBS Loan - Fixed Component	(7	)	05/01/06	7.41	%	300,000		150,000
CMBS Loan - Fixed Component – 2	(7	)	05/15/06	8.13	%	57,100		28,550
Great Northeast Plaza			06/01/06	9.04	%	17,217		8,609
Smith Haven Mall			06/01/06	7.86	%	115,000		28,750
Mall of Georgia Crossing			06/09/06	7.25	%	34,221		17,111
Greendale Mall			11/01/06	8.23	%	41,498		20,391
Subtotal 2006						665,036		284,736		7.65	%
Town Center at Cobb - 1			04/01/07	7.54	%	49,219		24,610
Town Center at Cobb - 2			04/01/07	7.25	%	64,416		32,208
Gwinnett Place - 1			04/01/07	7.54	%	38,631		19,316
Gwinnett Place - 2			04/01/07	7.25	%	84,643		42,322
Mall at Rockingham			08/01/07	7.88	%	99,136		24,356
Subtotal 2007						336,045		142,811		7.45	%
Metrocenter			02/28/08	8.45	%	30,001		15,001
Aventura Mall - A			04/06/08	6.55	%	141,000		47,000
Aventura Mall - B			04/06/08	6.60	%	25,400		8,467
Aventura Mall - C			04/06/08	6.89	%	33,600		11,200
West Town Mall			05/01/08	6.90	%	76,000		38,000
Mall of New Hampshire - 1			10/01/08	6.96	%	103,008		50,616
Mall of New Hampshire - 2			10/01/08	8.53	%	8,385		4,120
Grapevine Mills - 1			10/01/08	6.47	%	155,000		58,125
Ontario Mills – 5			11/02/08	6.75	%	141,002		35,251
Source, The			11/06/08	6.65	%	124,000		31,000
Grapevine Mills - 2			11/05/08	8.39	%	14,427		5,410
Ontario Mills – 6			12/05/08	8.00	%	10,500		2,625
Subtotal 2008						862,323		306,814		6.86	%
Apple Blossom Mall			09/10/09	7.99	%	40,392		19,848
Auburn Mall			09/10/09	7.99	%	47,288		23,236
Ontario Mills – 4			12/28/09	6.00	%	4,198		1,050
Subtotal 2009						91,878		44,133		7.94	%
Mall of Georgia			07/01/10	7.09	%	200,000		100,000
Coral Square			10/01/10	8.00	%	90,000		45,000
Arizona Mills			10/05/10	7.90	%	145,100		38,184
Florida Mall, The			11/13/10	7.55	%	268,399		134,200
Subtotal 2010						703,499		317,384		7.51	%
Atrium at Chestnut Hill			03/11/11	6.89	%	48,937		24,046
Cape Cod Mall			03/11/11	6.80	%	99,557		48,920
Highland Mall			06/30/11	6.83	%	70,953		35,477
Fashion Centre Pentagon Retail			09/11/11	6.63	%	167,000		70,975
Polska Shopping Mall			12/30/11	6.49	%	12,355		3,583
Subtotal 2011						398,802		183,001		6.74	%
Total Joint Venture Fixed Rate Mortgage Debt						3,774,617		1,611,903		7.52	%
Variable Rate Mortgage Debt:
Montreal Forum			01/31/02	7.50	%	32,843		11,700
Shops at Sunset Place, The			06/30/02	3.78	%	113,829		42,686
Subtotal 2002						146,672		54,386		4.58	%
Dadeland Mall			02/01/03	3.43	%	140,000		70,000
CMBS Loan - Floating Component	(7	)	05/01/03	3.13	%	184,500		92,250
Concord Mills	(1	)	12/02/03	3.98	%	180,288		67,608
Liberty Tree Mall	(1	)	10/01/03	4.13	%	46,160		22,682
Subtotal 2003						550,948		252,540		3.53	%
Circle Centre Mall - 1	(1	)	01/31/04	3.07	%	60,000		8,802
Circle Centre Mall - 2	(1	)	01/31/04	4.13	%	7,500		1,100
Orlando Premium Outlets	(1	)	02/12/04	3.93	%	58,173		29,087
Fashion Centre Pentagon Office	(1	)	09/10/04	4.13	%	33,000		14,025
Subtotal 2004						158,673		53,014		3.84	%
Mall of America	(1	)	03/10/05	3.14	%	312,000		85,800
Emerald Square Mall	(1	)	04/01/05	4.12	%	145,000		71,249
Arundel Mills	(1	)	04/30/05	4.03	%	155,124		58,172
Northfield Square	(1	)	04/30/05	5.13	%	37,000		11,692
Seminole Towne Center	(1	)	07/01/05	5.13	%	70,500		31,725
Subtotal 2005						719,624		258,638		3.94	%
CMBS Loan - Floating Component – 2	(7	)	05/15/06	3.00	%	81,400		40,700
Subtotal 2006						81,400		40,700		3.00	%
Total Joint Venture Variable Rate Debt						1,657,317		659,278		3.77	%
Unsecured Debt:
Merchantwired			12/31/05	7.93	%	6,511		3,256
Subtotal 2005						6,511		3,256		7.93	%
Total Unsecured Debt						6,511		3,256		7.93	%
CMBS Loan - Fixed Premium						14,179		7,089
Net Premium on NED Fixed-Rate Indebtedness						(493	)	(242	)
Total Joint Venture Debt						5,452,131		2,281,283		6.43	%
SPG's Share of Total  Indebtedness						14,244,221		10,916,430		6.51	%

Footnotes:

(1)           Includes applicable extensions available at Simon Group's option.

(2)           This unsecured loan was previously secured by a mortgage of Eastgate Consumer Mall.

(3)           This Pool is secured by cross-collateralized and cross-defaulted mortgages encumbering these four Properties.

(4)           This Pool is secured by cross-collateralized and cross-defaulted mortgages encumbering these three Properties.

(5)           Through an interest rate protection agreement, effectively fixed at an all-in rate of 6.2% .

(6)           These Notes are cross-collateralized.

(7)           These Commercial Mortgage Notes are secured by cross-collateralized mortgages encumbering thirteen Properties.  A weighted average rate is used.

(8)           This Principal Mutual Pool 1 loan is secured by cross-collateralized and cross-defaulted mortgages encumbering four of the Properties (Anderson, Forest Village Park,Longview, and South Park).A weighted average rate is used for these Pool 1 Properties.

(9)           This property is a component of Pool 2 with Principal Mutual.  The loan is secured by cross-collateralized and cross-defaulted mortgages encumbering sixof the Properties (Eastland, Hutchinson, Markland, Midland, North Towne Square and Forest Mall).

(10)         These four notes are cross-collateralized.

SIMON PROPERTY GROUP

Summary of Variable Rate Debt and Interest Rate Protection Agreements

As of September 30, 2001

(In thousands)

		Principal	SPG		SPG's	Interest				Terms of
Property	Maturity	Balance	Ownership		Share of	Rate (1)		Terms of		Interest Rate Protection
Name	Date	9/30/01	%		Loan Balance	9/30/01		Variable Rate		Agreement
Consolidated Indebtedness:
Variable Rate Debt Effectively Fixed to Maturity:
Forum Phase I - Class A-2	05/15/04	44,386	60.00	%	26,632	6.190	%	LIBOR + 0.300	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.19% .
Forum Phase II - Class A-2	05/15/04	40,614	55.00	%	22,338	6.190	%	LIBOR + 0.300	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.19% .
Simon ERE Facility - Swap component	07/31/04	28,200	100.00	%	28,200	7.750	%	EURIBOR + 0.600	%	Through a cross-currency swap, effectively fixed EURIBORat rate of 7.75%
CMBS Loan - Variable Component	12/15/04	50,000	100.00	%	50,000	6.200	%	LIBOR + 0.405	%	Through an interest rate protection agreement, effectively fixed at an all-in-rate of 6.2%.
		163,200			127,169
Other Hedged Debt:
Randall Park Mall - 1	12/11/01	35,000	100.00	%	35,000	5.730	%	LIBOR + 3.100	%	LIBOR Capped at a rate of 6.40% through maturity.  Embedded floor is set at 5.25%
Randall Park Mall - 2	12/11/01	5,000	100.00	%	5,000	7.630	%	LIBOR + 5.000	%	LIBOR Capped at a rate of 6.40% through maturity.  Embedded floor is set at 5.25%
Unsecured Revolving Credit Facility - (1.25B - capped)	08/25/03	140,000	100.00	%	140,000	3.280	%	LIBOR + 0.650	%	LIBOR Capped at a rate Subject to an 11.53 % LIBOR cap on $90M and a 16.77% LIBOR cap  on $50M%
Chesapeake Square	07/01/06	47,000	75.00	%	35,250	5.380	%	LIBOR + 2.750	%	LIBOR Capped at a rate of 6.5%  through July 1, 2004.
		227,000			215,250
Floating Rate Debt:
SPG, L.P. Unsecured Term Loan - 1	02/28/02	150,000	100.00	%	150,000	3.430	%	LIBOR + 0.800	%
Highland Lakes Center	03/01/02	12,877	100.00	%	12,877	4.130	%	LIBOR + 1.500	%
White Oaks Mall	03/01/02	16,500	54.92	%	9,062	5.260	%	LIBOR + 1.300	%	Based on 90-day LIBOR (set on August 31, 2001).
SPG, L.P. Unsecured Term Loan - 2	03/30/02	22,929	100.00	%	22,929	3.630	%	LIBOR + 1.000	%
Mainland Crossing	03/31/02	1,603	80.00	%	1,282	4.130	%	LIBOR + 1.500	%
Bowie Mall -1	12/14/02	4,500	100.00	%	4,500	4.130	%	LIBOR + 1.500	%
Richmond Towne Square	07/15/03	58,646	100.00	%	58,646	3.630	%	LIBOR + 1.000	%
Unsecured Revolving Credit Facility	08/25/03	583,000	100.00	%	583,000	3.280	%	LIBOR + 0.650	%
Shops @ Mission Viejo	08/31/03	145,256	100.00	%	145,256	3.680	%	LIBOR + 1.050	%
Arboretum	11/30/03	34,000	100.00	%	34,000	4.130	%	LIBOR + 1.500	%
Jefferson Valley Mall	01/11/04	60,000	100.00	%	60,000	3.880	%	LIBOR + 1.250	%
SPG, L.P. Unsecured Term Loan - 3	03/15/04	65,000	100.00	%	65,000	3.430	%	LIBOR + 0.800	%
North East Mall	05/21/04	148,794	100.00	%	148,794	4.005	%	LIBOR + 1.375	%
Simon ERE Facility - Variable component	07/31/04	10,335	100.00	%	10,335	3.230	%	EURIBOR + 0.600	%
Waterford Lakes	08/16/04	65,781	100.00	%	65,781	4.030	%	LIBOR + 1.400	%
Brunswick Square	06/12/05	45,000	100.00	%	45,000	4.130	%	LIBOR + 1.500	%
Bowie Mall -2	12/14/05	34,181	100.00	%	34,181	4.130	%	LIBOR + 1.500	%
Riverway	10/01/06	110,000	100.00	%	110,000	3.780	%	LIBOR + 1.150	%
		1,568,402			1,560,643
Joint Venture Indebtedness:
Other Hedged Debt:
Dadeland Mall	02/01/03	140,000	50.00	%	70,000	3.430	%	LIBOR + 0.800	%	LIBOR Capped at  8.45% through February 1, 2002%.
CMBS Loan - Floating Component (IBM)	05/01/03	184,500	50.00	%	92,250	3.128	%	LIBOR + 0.4965	%(2)	LIBOR Capped at 11.53%  through maturity.  (3)
Circle Centre Mall - 1	01/31/04	60,000	14.67	%	8,802	3.070	%	LIBOR + 0.440	%	LIBOR Capped at  8.81% through January 31, 2002%.
Circle Centre Mall - 2	01/31/04	7,500	14.67	%	1,100	4.130	%	LIBOR + 1.500	%	LIBOR Capped at  7.75% through January 31, 2002%.
Emerald Square Mall	04/01/05	145,000	49.14	%	71,249	4.118	%	LIBOR + 1.488	%	LIBOR Capped at  7.73% through March 31, 2003%.
Mall of America	03/10/05	312,000	27.50	%	85,800	3.143	%	LIBOR + 0.513	%	LIBOR Capped at 8.7157% through March 12, 2003%.
Northfield Square	04/30/05	37,000	31.60	%	11,692	5.130	%	LIBOR + 2.500	%	LIBOR Capped at 8.50% through April 30,2003, embedded.
Seminole Towne Center	07/01/05	70,500	45.00	%	31,725	5.130	%	LIBOR + 2.500	%	LIBOR Capped at 8% through July 1, 2003.
CMBS Loan - Floating Component - 2 (IBM)	05/15/06	81,400	50.00	%	40,700	3.000	%	LIBOR + 0.3695	%(2)	LIBOR Capped at  11.83% through maturity.
		1,037,900			413,319
Floating Rate Debt:
Montreal Forum	01/31/02	32,843	35.63	%	11,700	7.500	%	Canadian Prime
Shops at Sunset Place, The	06/30/02	113,829	37.50	%	42,686	3.780	%	LIBOR + 1.150	%
Liberty Tree Mall	10/01/03	46,160	49.14	%	22,682	4.130	%	LIBOR + 1.500	%
Concord Mills	12/02/03	180,288	37.50	%	67,608	3.980	%	LIBOR + 1.350	%
Orlando Premium Outlets	02/12/04	58,173	50.00	%	29,087	3.930	%	LIBOR + 1.300	%
Arundel Mills	04/30/05	155,124	37.50	%	58,172	4.030	%	LIBOR + 1.400	%
Fashion Centre Pentagon Office	09/10/04	33,000	42.50	%	14,025	4.130	%	LIBOR + 1.500	%
		619,417			245,959

SIMON PROPERTY GROUP

New Development Activities

As of September 30, 2001

	Simon			Total		Non-Anchor
	Group's		Actual/	Projected		Sq. Footage
Mall/	Ownership		Projected	Cost (1)		Leased/		GLA
Location	Percentage		Opening	($in millions)		Committed		(sq. ft.)
Projects Under Construction
Bowie Town Center Bowie, MD	100.0	%	18-Oct-01	$	66	100	%	657,000
Anchors/Major Tenants:	Hecht's, Sears, Old Navy, Barnes & Noble, Bed Bath & Beyond, Safeway

(1) Includes soft costs such as architecture and engineering fees, tenant costs (allowances/leasing commissions), development, legaland other fees, marketing costs, cost of capital, and other related costs.

SIMON  PROPERTY GROUP

Significant Renovation/Expansion Activities

As of September 30, 2001

	Simon Group's		Actual/	Projected Cost	GLA Before	New or Incremental
Mall/	Ownership		Projected	(in millions)	Renov/Expan	GLA
Location	Percentage		Opening	(1)	(sq. ft.)	(sq. ft.)
Recently Completed
The Shops at Mission Viejo	100	%	8/01	$146	817,000	427,000
Mission Viejo, CA
Project Description:	Macy's expansion (opened 8/01 )
	Previously opened:  Old Navy, PF Chang's and California Café (12/00);
	Robinsons-May expansion and remodel and food court addition (10/00);
	New Nordstrom, small shop expansion and renovation, new parking structure;
	new Saks Fifth Avenue (9/99)
North East Mall	100	%	10/01	$103	1,141,000	308,000
Hurst, TX
Project Description:	New Foley's (opened 10/01)
	Previously opened:  New Nordstrom (3/01); new Saks Fifth Avenue, mall
	renovation and parking deck (9/00); JCPenney remodel and expansion and
	parking deck (11/99); new Dillard's, mall expansion and parking deck (9/99)

(1)  Includes soft costs such as architecture and engineering fees, tenant costs (allowances/leasing commissions), development,legal and other fees, marketing costs, cost of capital, and other related costs.

SIMON PROPERTY GROUP

Capital Expenditures

For the Nine Months Ended September 30, 2001

(In millions)

			Joint Venture Properties
	Consolidated				Simon’s
	Properties		Total		Share
New Developments	$	59.6	$	44.0	$	16.9
Renovations and Expansions	76.3		35.0		16.2
Tenant Allowances	37.0		15.9		6.1
Operational Capital Expenditures at Properties	19.8		7.0		3.1
Other	-		-		-
Totals	$	192.7	$	101.9	$	42.3