Simon Property Group — Feb 4, 2025 release

The dividend will be payable on March 31, 2025 to shareholders of record on March 10, 2025. Simon’s Board of Directors declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPGPrJ) of  $1.046875 per share, payable on March 31, 2025 to shareholders of record on March 17, 2025.   ​   4Q 2024 SUPPLEMENTAL ​ ​ ​ ​ 3   ​ TABLE OF CONTENTS   EARNINGS RELEASE 2025 Guidance The Company currently estimates net income to be within a range of  $6.95 to $7.20 per diluted share and Real Estate FFO and FFO to be within a range of $12.40 to $12.65 per diluted share for the year ending December 31, 2025. The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to estimated Real Estate FFO and FFO per diluted share: For the year ending December 31, 2025 ​ ​ ​ ​ Low End ​ ​ High End ​ ​ Estimated net income attributable to common stockholders per diluted share ​ ​ ​ $ 6.95 ​ ​ ​ ​ $ 7.20 ​ ​ ​ Depreciation and amortization including Simon’s share of unconsolidated entities ​ ​ ​ ​ 5.45 ​ ​ ​ ​ ​ 5.45 ​ ​ ​ Estimated Real Estate FFO and Estimated FFO per dilut