v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 568,535 $ 477,860
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 532,591 355,647
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (64,339)  
Loss due to disposal, exchange, or revaluation of equity interests, net 6,379 23,992
Unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument, net (25,388) 36,765
Straight-line lease income (4,965) (1,682)
Equity in income of unconsolidated entities 21,248 (30,359)
Distributions of income from unconsolidated entities 98,464 108,263
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 57,417 35,093
Deferred costs and other assets (55,206) 48,189
Accounts payable, accrued expenses, intangibles, deferred revenues and other (301,358) (226,550)
Net cash provided by operating activities 833,378 827,218
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (392,388)
Repayments of loans to related parties 3,336 7,018
Capital expenditures, net (208,396) (230,201)
Cash impact from the consolidation of properties   25,281
Investments in unconsolidated entities (10,523) (5,763)
Purchase of equity instruments (970) (12,874)
Proceeds from sale of equity instruments 1,143 85,215
Distributions of capital from unconsolidated entities and other 108,951 145,846
Net cash used in investing activities (106,459) (377,866)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (82) (82)
Purchase of shares related to stock grant recipients' tax withholdings (2,397) (1,588)
Redemption of limited partner units (1,219) (6,335)
Purchase of treasury stock (175,284)  
Distributions to noncontrolling interest holders in properties (5,824) (1,928)
Contributions from noncontrolling interest holders in properties 654 2,622
Preferred distributions of the Operating Partnership (198) (291)
Preferred dividends and distributions to stockholders (715,706) (686,102)
Distributions to limited partners (122,887) (106,934)
Proceeds from issuance of debt, net of transaction costs 1,812,650 857,079
Repayments of debt (1,796,818) (526,130)
Net cash used in financing activities (1,007,111) (469,689)
DECREASE IN CASH AND CASH EQUIVALENTS (280,192) (20,337)
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period 542,955 1,380,008
Simon Property Group, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income 568,535 477,860
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 532,591 355,647
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (64,339)  
Loss due to disposal, exchange, or revaluation of equity interests, net 6,379 23,992
Unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument, net (25,388) 36,765
Straight-line lease income (4,965) (1,682)
Equity in income of unconsolidated entities 21,248 (30,359)
Distributions of income from unconsolidated entities 98,464 108,263
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 57,417 35,093
Deferred costs and other assets (55,206) 48,189
Accounts payable, accrued expenses, intangibles, deferred revenues and other (301,358) (226,550)
Net cash provided by operating activities 833,378 827,218
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (392,388)
Repayments of loans to related parties 3,336 7,018
Capital expenditures, net (208,396) (230,201)
Cash impact from the consolidation of properties   25,281
Investments in unconsolidated entities (10,523) (5,763)
Purchase of equity instruments (970) (12,874)
Proceeds from sale of equity instruments 1,143 85,215
Distributions of capital from unconsolidated entities and other 108,951 145,846
Net cash used in investing activities (106,459) (377,866)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (82) (82)
Purchase of shares related to stock grant recipients' tax withholdings (2,397) (1,588)
Redemption of limited partner units (1,219) (6,335)
Purchase of general partner units (175,284)  
Distributions to noncontrolling interest holders in properties (5,824) (1,928)
Contributions from noncontrolling interest holders in properties 654 2,622
Preferred distributions of the Operating Partnership (838,791) (793,327)
Proceeds from issuance of debt, net of transaction costs 1,812,650 857,079
Repayments of debt (1,796,818) (526,130)
Net cash used in financing activities (1,007,111) (469,689)
DECREASE IN CASH AND CASH EQUIVALENTS (280,192) (20,337)
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period $ 542,955 $ 1,380,008