Simon 2020 Annual Report
FINANCIAL HIGHLIGHTS
2020
YEAR ENDED DECEMBER 31.
2019
OPERATING DATA (in millions) Consolidated Revenue Funds from Operations (FFO)
$ 4,608 $ 3,237
$ 5,755 $ 4,272
PER SHARE DATA Net Income Per Diluted Share
$ 3.59 $ 9.11 $ 6.00 $ 85.28
$ 6.81 $ 12.04 $ 8.30 $ 148.96
FFO Per Diluted Share
Dividends Declared Per Share
Common Stock Price at December 31
STOCK AND LIMITED PARTNERSHIP UNITS OUTSTANDING Shares of Common Stock (in thousands)
328,502
306,869
47,322
Limited Partnership Units (in thousands)
46,740
375,824
353,609
Total Common Stock and Limited Partnership Units
$ 32,132 $ 65,833
Total Equity Capitalization (in millions) Total Market Capitalization (1) (in millions)
$ 52,757 $ 83,959
OTHER DATA (2) Total Number of Properties in the U.S. U.S. Square Footage (in thousands) Total Number of International Properties International Square Footage (in thousands)
203
204
179,919
181,162
31
29
10,845
10,104
(1) Includes our share of consolidated and joint venture debt. (2) We also owned an 80% interest in The Taubman Realty Group (TRG), which owns 24 regional, super-regional, and outlet malls in the U.S. and Asia.
Consolidated Revenue $ in billions
Our Share of Total NOI $ in billions
FFO Per Diluted Share
Dividends Declared Per Share
$ 4.61
$ 4.56
$ 9.11
$ 6.00
$ 5.44
$ 5.16
$ 10.49
$ 11.21
$ 12.13
$ 12.04
$ 6.50
$5.53
$ 5.65
$ 5.76
$ 5.53
$ 5.72
$ 5.79
$ 7.15
$ 7.90
$ 8.30
20 19 18 17 16
20 19 18 17 16
20 19 18 17 16
20 19 18 17 16
This annual report contains a number of forward-looking statements. For more information, refer to the Company’s fourth quarter and full-year 2020 results and SEC filings on our website at investors.simon.com . This report also references non-GAAP financial measures including funds from operations, or FFO, and net operating income, or NOI. These financial measures are commonly used in the real estate industry and we believe they provide useful information to investors when used in conjunction with GAAP measures. For a definition of FFO and reconciliations of each of the non-GAAP measures used in this report to the most directly comparable GAAP measure, refer to the Company’s fourth quarter and full-year 2020 results, SEC filings and Non-GAAP Reconciliations section under Financials at investors.simon.com .
For more information, visit simon.com
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