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| Simon Property Group Announces $250 Million Common Stock Repurchase Program |
INDIANAPOLIS, May 6 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE: SPG) today announced that its Board of Directors has authorized a common stock repurchase program under which the company may purchase up to $250 million of its common stock over the next twelve months as market conditions warrant. The shares may be repurchased in the open market or in privately negotiated transactions. Simon Property Group, Inc. (NYSE: SPG), headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership, development and management of income-producing properties, primarily regional malls and community shopping centers. Through its subsidiary partnerships, it currently owns or has an interest in 247 properties in North America containing an aggregate of 192 million square feet of gross leasable area in 37 states plus Canada and Puerto Rico. The Company also holds interests in 48 assets in Europe (in France, Italy, Poland and Portugal). Additional Simon Property Group information is available at www.simon.com . SOURCE Simon Property Group, Inc.
/CONTACT: Investors: Shelly Doran, +1-317-685-7330, or Media: Les Morris, |