<ARTICLE> 5 <CIK> 0001063761 <NAME> SIMON PROPERTY GROUP INC <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 78,971 <SECURITIES> 0 <RECEIVABLES> 215,703 <ALLOWANCES> 0<F1> <INVENTORY> 0 <CURRENT-ASSETS> 0<F2> <PP&E> 11,646,393 <DEPRECIATION> 634,277 <TOTAL-ASSETS> 13,013,550 <CURRENT-LIABILITIES> 0<F2> <BONDS> 7,744,926 <PREFERRED-MANDATORY> 0 <PREFERRED> 717,916 <COMMON> 17 <OTHER-SE> 2,623,226 <TOTAL-LIABILITY-AND-EQUITY> 13,013,550<F3> <SALES> 0 <TOTAL-REVENUES> 932,969 <CGS> 0 <TOTAL-COSTS> 504,915 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 1,598 <INTEREST-EXPENSE> 281,749 <INCOME-PRETAX> 141,509 <INCOME-TAX> 141,509 <INCOME-CONTINUING> 141,509 <DISCONTINUED> 0 <EXTRAORDINARY> 7,002 <CHANGES> 0 <NET-INCOME> 102,655 <EPS-PRIMARY> 0.72 <EPS-DILUTED> 0.72 <FN> <F1>Receivables are stated net of allowances. <F2>The Registrant does not report using a classified balance sheet. <F3>Includes limited partner's interest in the Operating Partnership of $990,378, and preferred stock of subsidiary of $339,262. </FN>