Simon Property Group — May 12, 2025 release

The dividend will be payable on June 30, 2025 to shareholders of record on June 9, 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 June 30, 2025 to shareholders of record on June 16, 2025. 2025 Guidance The Company’s estimates for net income attributable to common stockholders per diluted share and Real Estate FFO per diluted share for the year ending December 31, 2025 are included in the table below and are reconciled in the Company’s supplemental information. The Company is reaffirming its outlook for Real Estate FFO of  $12.40 to $12.65 per diluted share. ​ ​ ​ ​ Low End ​ ​ High End ​ ​ Estimated net income attributable to common stockholders per diluted share ​ ​ ​ $ 6.67 ​ ​ ​ ​ $ 6.92 ​ ​ ​ Estimated Real Estate FFO per diluted share ​ ​ ​ $ 12.40 ​ ​ ​ ​ $ 12.65 ​ ​ Conference Call Simon will hold a conference call to discuss the quarterly financial results today from 5:00 p.m. to 6:00 p.m. Eastern Daylight Time, Monday, May 12, 2025. A live webcast of the conference call will be accessible in listen-only mode at investors.simon.com. An audio replay of the conference call will be available until May 19, 2025. To access the audio replay, dial 1-844-512-2921 (