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Simon Property Group reports quarterly results

Simon Property Group, Inc., the US's largest shopping mall owner, announced results for the quarter ended September 30, 2010.

Net income attributable to common stockholders was $230.6 million, or $0.79 per diluted share, in the third quarter of 2010 as compared to $105.5 million, or $0.38 per diluted share, in the prior year period. Third quarter 2010 results reflect the impact of transaction expenses of $47.6 million, or $0.14 per share.

Funds from Operations ("FFO") as adjusted was $503.6 million, or $1.43 per diluted share, in the third quarter of 2010 as compared to $473.1 million, or $1.38 per diluted share, in the prior year period.



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