v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE:    
Lease income $ 1,628,532 $ 1,367,428
Management fees and other revenues 40,189 33,792
Other income 88,372 71,792
Total revenue 1,757,093 1,473,012
EXPENSES:    
Property operating 170,760 136,821
Depreciation and amortization 458,898 328,051
Real estate taxes 135,960 107,452
Repairs and maintenance 40,200 30,142
Advertising and promotion 33,930 34,257
Home and regional office costs 67,656 65,066
General and administrative 54,299 12,629
Other 33,227 30,978
Total operating expenses 994,930 745,396
OPERATING INCOME BEFORE OTHER ITEMS 762,163 727,616
Interest expense (275,662) (226,995)
Loss due to disposal, exchange, or revaluation of equity interests, net (6,379) (23,992)
Income and other tax benefit 19,934 7,637
(Loss) income from unconsolidated entities (21,248) 30,359
Unrealized gains (losses) in fair value of publicly traded equity instruments and derivative instrument, net 25,388 (36,765)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 64,339  
CONSOLIDATED NET INCOME 568,535 477,860
Net income attributable to noncontrolling interests 88,132 63,327
Preferred dividends 834 834
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 479,569 $ 413,699
BASIC AND DILUTED EARNINGS PER COMMON SHARE:    
Net income attributable to common stockholders - basic (in dollars per share) $ 1.48 $ 1.27
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.48 $ 1.27
Consolidated Net Income $ 568,535 $ 477,860
Unrealized gain (loss) on derivative hedge agreements 11,234 (13,833)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,455)
Currency translation adjustments 16,585 (16,640)
Changes in available-for-sale securities and other 1,143 1,098
Comprehensive income 595,791 447,030
Comprehensive income attributable to noncontrolling interests 91,796 59,216
Comprehensive income attributable to common stockholders 503,995 387,814
Simon Property Group, L.P.    
REVENUE:    
Lease income 1,628,532 1,367,428
Management fees and other revenues 40,189 33,792
Other income 88,372 71,792
Total revenue 1,757,093 1,473,012
EXPENSES:    
Property operating 170,760 136,821
Depreciation and amortization 458,898 328,051
Real estate taxes 135,960 107,452
Repairs and maintenance 40,200 30,142
Advertising and promotion 33,930 34,257
Home and regional office costs 67,656 65,066
General and administrative 54,299 12,629
Other 33,227 30,978
Total operating expenses 994,930 745,396
OPERATING INCOME BEFORE OTHER ITEMS 762,163 727,616
Interest expense (275,662) (226,995)
Loss due to disposal, exchange, or revaluation of equity interests, net (6,379) (23,992)
Income and other tax benefit 19,934 7,637
(Loss) income from unconsolidated entities (21,248) 30,359
Unrealized gains (losses) in fair value of publicly traded equity instruments and derivative instrument, net 25,388 (36,765)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 64,339  
CONSOLIDATED NET INCOME 568,535 477,860
Net income attributable to noncontrolling interests 5,621 (1,292)
Preferred dividends 1,032 1,126
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 561,882 478,026
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:    
General Partner 479,569 413,699
Limited Partners $ 82,313 $ 64,327
BASIC AND DILUTED EARNINGS PER COMMON SHARE:    
Net income attributable to common stockholders - basic (in dollars per share) $ 1.48 $ 1.27
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.48 $ 1.27
Consolidated Net Income $ 568,535 $ 477,860
Unrealized gain (loss) on derivative hedge agreements 11,234 (13,833)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,455)
Currency translation adjustments 16,585 (16,640)
Changes in available-for-sale securities and other 1,143 1,098
Comprehensive income 595,791 447,030
Comprehensive income attributable to noncontrolling interests 5,521 512
Comprehensive income attributable to common stockholders $ 590,270 $ 446,518