Rita Koefod was hired as director of marketing and business development at Simon Property Group's Northgate Mall in Seattle. Koefod previously served as director of development for Safe Crossings Foundation, a Seattle nonprofit. Before that, she was director of marketing for Merchandise Mart Properties in Chicago, a division of Vornado Realty Trust.

Simon Property Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. Funds from operations was $741.9 million, or $2.05 per diluted share, as compared to $648.7 million, or $1.82 per diluted share, in the prior year period. The FFO increase on a per share basis was 12.6%. Net income attributable to common stockholders was $283.1 million, or $0.91 per diluted share, as compared to $645.4 million, or $2.18 per diluted share, in the prior year period. Results for the first quarter of 2012 include primarily non-cash net gains from acquisitions and dispositions of $1.39 per share. For the quarter, total revenue was $1,215,058,000 and operating income was $557,689,000 against total revenue of $1,118,969,000 and operating income of $516,721,000 a year ago. The company updated and raised its guidance for 2013, estimating that FFO will be within a range of $8.50 to $8.60 per diluted share for the year ending December 31, 2013, and diluted net income will be within a range of $3.70 to $3.80 per share. This represents an increase of $0.10 per share for both the low and high end of the ranges previously provided. Strong operating performance is the driver of this increase. Depreciation and amortization including the Company's share of unconsolidated entities would be $4.86.

Simon Property Group Inc. announced that the Board of Directors declared a quarterly common stock dividend of $1.15 per share. The dividend is payable on May 31, 2013 to stockholders of record on May 17, 2013. The Company also declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on June 28, 2013 to stockholders of record on June 14, 2013. The company announced that its construction continues on three new Premium Outlet Centers, all scheduled to open in 2013. Toronto Premium Outlets in Halton Hills (Toronto), Canada is a 360,000 square foot center that will house over 100 high quality outlet stores. The center is expected to be the Canadian entry point for selected upscale, U.S. retailers and designer brands and is 85% leased. The Company owns a 50% interest in this project which will open on August 1. St. Louis Premium Outlets in Chesterfield (St. Louis), Missouri is located on the south side of I-64/US Highway 40 east of the Daniel Boone Bridge. The center's first phase of 350,000 square feet with 85 stores is 96% leased and will open on August 22. Busan Premium Outlets in Busan, Korea is a 340,000 square foot center that will serve southeastern Korea, including the cities of Busan, Ulsan and Daegu, as well as local and overseas visitors. The center will open in late August.