Transforming Retail Through Innovation 2020

WHY SIMON

Simon’s portfolio is unrivaled and we’re the only developer who has the financial flexibility to continually transform our properties to enhance their market position and give customers what they want, when they want it, and how they want it.

Whether it’s the scale of our properties , from high-end to value and domestic to international, our top-rated balance sheet in the industry, or our best-in-class team committed to a long-term ownership outlook, we’re focused on performance .

1H 2019 NOI MIX

47 %Malls

12 % TheMills

32 % PremiumOutlets

9 % International

> $80B Global Retailer Sales, Top in Industry

$680 Sales PSF, +175% from 25 Years Ago

5% Increase in Sales, 2018 vs 2017

77 U.S. Malls & Premium Outlets Average >$900 Sales PSF

2B Shopper Visits Annually

A1/A2 Credit Rating

As of 9/30/19