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Prepared and filed by St Ives Financial
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<p align="center"><font size="2" face="serif"><b>UNITED STATES</b></font><br>
<font size="2" face="serif"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br>
<font size="2" face="serif"><b>Washington, D.C. 20549</b></font></p>
<p align="center"><font size="2" face="serif"><b>_____________________</b></font></p>
<p align="center"><b><font face="serif" size="5">FORM 8-K</font></b></p>
<p align="center"><font size="2" face="serif"><b>CURRENT REPORT</b></font><br>
<font size="2" face="serif"><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font></p>
<p align="center"><font size="2" face="serif">Date of Report (Date of earliest event reported): April 6, 2006</font></p>
<p align="center"><font size="2" face="serif">_____________________</font></p>
<p align="center"><b><font face="serif" size="6">Feldman Mall Properties, Inc.</font></b><br>
<font size="2" face="serif">(Exact name of registrant as specified in its charter)</font></p>
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<td align="center"><font size="2" face="serif">Maryland</font></td>
<td width="16%" align="center"><font size="2" face="serif">333-118246</font></td>
<td width="36%" align="center"><font size="2" face="serif">13-4284187</font></td>
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<tr valign="bottom" bgcolor="#FFFFFF">
<td align="center"><font size="2" face="serif">(State or other jurisdiction of</font><br>
  <font size="2" face="serif">incorporation)</font></td>
<td align="center"><font size="2" face="serif">(Commission File Number) </font></td>
<td align="center"><font size="2" face="serif">(IRS Employer</font><br>
  <font size="2" face="serif">Identification Number)</font></td>
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<td align="center"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif">&nbsp;</font></td>
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<td align="center"><font size="2" face="serif">3225 North Central Avenue, Suite 1205</font><br>
  <font size="2" face="serif">Phoenix, Arizona<br>
  (Address of principal executive offices)</font></td>
<td align="center"><font size="2" face="serif">&nbsp;</font></td>
<td align="center"><font size="2" face="serif">85012<br>
  (Zip Code)</font></td>
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<p align="center"><font size="2" face="serif">Registrant&#8217;s telephone number, including area code: 602-277-5559</font></p>
<p align="center"><font size="2" face="serif">N/A</font><br>
<font size="2" face="serif">(Former name or former address, if changed since last report.)</font></p>
<p align="left"><font size="2" face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12"> &nbsp;&nbsp;Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp;  Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp; Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p align="left"><font size="2" face="serif"><img src="emptybox.gif" width="12" height="12">&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p align="left"><font size="2" face="serif">________________________________________________________________________________________________________</font></p>
<p align="center">&nbsp;</p>
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<p>&nbsp; </p>
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<td align="left" width="13%"><font size="2" face="serif"><b>ITEM 2.02</b></font></td>
<td align="left"><font size="2" face="serif"><b>Results of Operations and Financial Condition.</b></font></td>
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</table>
<p align="left"><font size="2" face="serif">The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.  The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.</font></p>
<p align="left"><font size="2" face="serif">On April 6, 2006, Feldman Mall Properties, Inc. (the &#8220;Company&#8221;) issued an earnings release announcing the confirmation of the Company&#8217;s previously released guidance for the first quarter of 2006 and the revision of the Company&#8217;s funds from operations for the fourth quarter of 2005 from $0.18 per share to $0.15 per share due to higher than estimated Sarbanes Oxley costs for 2005.  A copy of the press release is attached as Exhibit 99.1.  The Company had previously announced guidance for the first quarter of 2006 and funds from operations for the fourth quarter of 2005 in a press release issued on March 14, 2006.  </font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
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<td align="left" width="13%"><font size="2" face="serif"><b>ITEM 9.01</b></font></td>
<td align="left"><font size="2" face="serif"><b>Financial Statements and Exhibits.</b></font></td>
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<tr valign="top">
  <td align="left">&nbsp;</td>
  <td align="left">&nbsp;</td>
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  <td align="left"><font size="2" face="serif">Exhibit 99.1</font></td>
  <td align="left"><font size="2" face="serif">Press Release regarding fourth
    quarter 2005 earnings and first quarter 2006 earnings guidance.</font></td>
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<p>&nbsp;</p>
<p>&nbsp;</p>
<p align="center"><font face="serif" size="2">2</font></p>
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<p align="center"><font size="2" face="serif"><b><u>SIGNATURES</u></b></font></p>
<p align="left"><font size="2" face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
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    <td width="50%">&nbsp;</td>
    <td colspan="2"><font size="2" face="serif">FELDMAN MALL PROPERTIES, INC.</font></td>
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    <td>&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td>&nbsp;</td>
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    <td>&nbsp;</td>
    <td><font size="2" face="serif" align="left">By:</font></td>
    <td><font size="2" face="serif"><u>/s/&nbsp;&nbsp;Thomas Wirth</u></font></td>
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    <td><font size="2" face="serif" align="left">Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; April
    11, 2006</font></td>
    <td>&nbsp;</td>
    <td><font size="2" face="serif">Thomas Wirth<br>
    Chief Financial Officer</font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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  <tr align="left" valign="top">
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
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<p align="left"><font size="2" face="serif"></font></p>
<p align="left"><font size="2" face="serif" align="left">&nbsp;</font></p>
<p align="center"><font face="serif" size="2">3</font></p>
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<p align="center"><font size="2" face="serif"><b>EXHIBIT INDEX</b></font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
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    <td width="12%"><font size="2" face="serif"><b>Exhibit<br>
    Number    </b></font></td>
    <td><font size="2" face="serif"><b>Description&nbsp;&nbsp;</b></font></td>
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    <td>&nbsp;</td>
    <td>&nbsp;</td>
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    <td><font size="2" face="serif">99.1</font></td>
    <td><font size="2" face="serif">Press Release regarding fourth quarter 2005
    earnings and first quarter 2006 earnings guidance.</font></td>
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<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b> &nbsp;&nbsp;&nbsp;</b></font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<p align="center"><font face="serif" size="2">4</font></p>
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Prepared and filed by St Ives Financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 6, 2006
_____________________
Feldman Mall Properties, Inc.
(Exact name of registrant as specified in its charter)
Maryland
333-118246
13-4284187
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification Number)
3225 North Central Avenue, Suite 1205
Phoenix, Arizona
(Address of principal executive offices)
85012
(Zip Code)
Registrant's telephone number, including area code: 602-277-5559
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
________________________________________________________________________________________________________
ITEM 2.02
Results of Operations and Financial Condition.
The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.  The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
On April 6, 2006, Feldman Mall Properties, Inc. (the "Company") issued an earnings release announcing the confirmation of the Company's previously released guidance for the first quarter of 2006 and the revision of the Company's funds from operations for the fourth quarter of 2005 from $0.18 per share to $0.15 per share due to higher than estimated Sarbanes Oxley costs for 2005.  A copy of the press release is attached as Exhibit 99.1.  The Company had previously announced guidance for the first quarter of 2006 and funds from operations for the fourth quarter of 2005 in a press release issued on March 14, 2006.
ITEM 9.01
Financial Statements and Exhibits.
Exhibit 99.1
Press Release regarding fourth
    quarter 2005 earnings and first quarter 2006 earnings guidance.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
FELDMAN MALL PROPERTIES, INC.
By:
/s/  Thomas Wirth
Date:      April
    11, 2006
Thomas Wirth
Chief Financial Officer
3
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press Release regarding fourth quarter 2005
    earnings and first quarter 2006 earnings guidance.
4