Significant Accounting Policies (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Significant Accounting Policies |
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| Schedule of fair value measurements, recurring and nonrecurring |
| | | | | | | | | | | | | Description | | March 31, 2026 | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Other Unobservable Inputs (Level 3) | Assets: | | | | | | | | | | | | | Deferred costs and other assets | | $ | 45,347 | | $ | 34,387 | | $ | 10,960 | | $ | - | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Other Liabilities | | $ | 132,691 | | $ | - | | $ | 7,253 | | $ | 125,438 |
| | | | | | | | | | | | | Description | | December 31, 2025 | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Other Unobservable Inputs (Level 3) | Assets: | | | | | | | | | | | | | Deferred costs and other assets | | $ | 36,348 | | $ | 33,687 | | $ | 2,661 | | $ | - | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Other Liabilities | | $ | 218,372 | | $ | - | | $ | 13,259 | | $ | 205,113 | | | | | | | | | | | | | |
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| Schedule of carrying amount of noncontrolling interests |
| | | | | | | | | As of | | As of | | | March 31, | | December 31, | | | 2026 | | 2025 | Limited partners’ interests in the Operating Partnership | | $ | 833,015 | | $ | 884,913 | Nonredeemable noncontrolling interests in properties, net | | | 380,759 | | | 378,906 | Total noncontrolling interests reflected in equity | | $ | 1,213,774 | | $ | 1,263,819 |
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| Schedule of reclassifications out of accumulated other comprehensive income (loss) |
| | | | | | | | | | | For the Three Months Ended | | | | March 31, | | | | | | | | | | Affected line item where | | | 2026 | | 2025 | | net income is presented | | | | | | | | | | Accumulated derivative gains, net | | $ | 1,706 | | $ | 1,455 | | Interest expense | | | | (251) | | | (196) | | Net income attributable to noncontrolling interests | | | $ | 1,455 | | $ | 1,259 | | |
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| Schedule of interest rate derivatives |
As of March 31, 2026, we had the following outstanding interest rate derivatives related to managing our interest rate risk: | | | | | | | | Number of | | Notional | Interest Rate Derivative | | Instruments | | Amount | Interest Rate Swaps | | 13 | | $ | 2.8 billion | Interest Rate Caps | | 1 | | $ | 85.0 million | Interest Rate Swaps | | 2 | | € | 190.4 million | Interest Rate Caps | | 3 | | € | 178.8 million |
As of December 31, 2025, we had the following outstanding interest rate derivatives related to managing our interest rate risk: | | | | | | | | | Number of | | Notional | | Interest Rate Derivative | | Instruments | | Amount | | Interest Rate Swaps | | 7 | | $ | 2.2 billion | | Interest Rate Caps | | 1 | | $ | 85.0 million | | Interest Rate Swaps | | 3 | | € | 541.7 million | | Interest Rate Caps | | 3 | | € | 178.8 million | |
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| Schedule of Euro: USD forward contracts |
We had the following Euro:USD forward contracts designated as net investment hedges at March 31, 2026 and December 31, 2025 (in millions): | | | | | | | | | | | | | | Asset (Liability) Value as of | | | | | March 31, | | December 31, | Notional Value | | Maturity Date | | 2026 | | 2025 | € | 125.0 | | January 15, 2026 | | | — | | | 0.3 | € | 125.0 | | January 15, 2026 | | | — | | | 0.3 | € | 50.5 | | February 18, 2026 | | | — | | | (0.4) | € | 50.0 | | March 16, 2026 | | | — | | | 0.1 | € | 50.0 | | May 15, 2026 | | | 1.2 | | | 0.1 | € | 125.0 | | May 15, 2026 | | | 1.8 | | | — | € | 50.5 | | June 17, 2026 | | | 1.7 | | | — | € | 50.0 | | June 17, 2026 | | | (0.1) | | | — | € | 50.0 | | June 17, 2026 | | | (0.1) | | | — | € | 50.0 | | July 15, 2026 | | | 1.2 | | | 0.1 | € | 75.0 | | July 15, 2026 | | | (0.2) | | | — | € | 15.0 | | July 15, 2026 | | | 0.1 | | | — | € | 100.0 | | January 15, 2027 | | | 2.5 | | | 0.3 |
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| Schedule of key inputs into the option model for the exchange option within the exchangeable bonds |
| | | | | | | | | March 31, 2026 | | December 31, 2025 | Klépierre stock price | | € | 32.58 | | € | 33.74 | Implied volatility | | | 16.92% | | | 17.78% | EUR risk-free rate | | | 2.37% | | | 2.04% | Klépierre expected dividend yield | | | 5.23% | | | 5.06% | Expected term | | | 0.62 years | | | 0.87 years | Credit Spread | | | 0.33% | | | 0.45% |
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| Simon Property Group, L.P |
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| Significant Accounting Policies |
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| Schedule of reclassifications out of accumulated other comprehensive income (loss) |
| | | | | | | | | | | For the Three Months Ended | | | | March 31, | | | | | | | | | | Affected line item where | | | 2026 | | 2025 | | net income is presented | | | | | | | | | | Accumulated derivative gains, net | | $ | 1,706 | | $ | 1,455 | | Interest expense |
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