v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE:        
Lease income $ 1,659,709 $ 1,379,454 $ 3,288,240 $ 2,746,882
Management fees and other revenues 40,834 37,931 81,022 71,723
Other income 90,055 81,074 178,429 152,867
Total revenue 1,790,598 1,498,459 3,547,691 2,971,472
EXPENSES:        
Property operating 171,440 139,816 342,200 276,637
Depreciation and amortization 459,876 339,058 918,773 667,109
Real estate taxes 131,905 105,315 267,865 212,768
Repairs and maintenance 32,687 26,238 72,888 56,380
Advertising and promotion 39,056 36,310 72,986 70,566
Home and regional office costs 69,842 57,564 137,498 122,630
General and administrative 12,004 14,298 66,303 26,927
Other 49,690 35,663 82,918 66,641
Total operating expenses 966,500 754,262 1,961,431 1,499,658
OPERATING INCOME BEFORE OTHER ITEMS 824,098 744,197 1,586,260 1,471,814
Interest expense (281,164) (232,724) (556,826) (459,720)
(Loss) gain due to disposal, exchange, or revaluation of equity interests, net (11,950) 104,499 (18,329) 80,507
Income and other tax (expense) benefit (10,809) (35,107) 9,125 (27,470)
Income from unconsolidated entities 119,127 122,875 97,879 153,234
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net (56,425) (50,455) (31,037) (87,220)
(Loss) gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (8,747) (9,604) 55,593 (9,604)
CONSOLIDATED NET INCOME 574,130 643,681 1,142,665 1,121,541
Net income (loss) attributable to noncontrolling interests 90,157 86,714 178,288 150,040
Preferred dividends 834 834 1,669 1,669
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 483,139 $ 556,133 $ 962,708 $ 969,832
BASIC AND DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders - basic (in dollars per share) $ 1.49 $ 1.7 $ 2.97 $ 2.97
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.49 $ 1.7 $ 2.97 $ 2.97
Consolidated Net Income $ 574,130 $ 643,681 $ 1,142,665 $ 1,121,541
Unrealized gain (loss) on derivative hedge agreements 23,958 (18,593) 35,192 (32,427)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,455) (3,412) (2,910)
Currency translation adjustments (25,946) (21,976) (9,361) (38,616)
Changes in available-for-sale securities and other (3,228) (211) (2,085) 888
Comprehensive income 567,208 601,446 1,162,999 1,048,476
Comprehensive income attributable to noncontrolling interests 89,205 81,042 181,001 140,258
Comprehensive income attributable to common stockholders 478,003 520,404 981,998 908,218
Simon Property Group, L.P.        
REVENUE:        
Lease income 1,659,709 1,379,454 3,288,240 2,746,882
Management fees and other revenues 40,834 37,931 81,022 71,723
Other income 90,055 81,074 178,429 152,867
Total revenue 1,790,598 1,498,459 3,547,691 2,971,472
EXPENSES:        
Property operating 171,440 139,816 342,200 276,637
Depreciation and amortization 459,876 339,058 918,773 667,109
Real estate taxes 131,905 105,315 267,865 212,768
Repairs and maintenance 32,687 26,238 72,888 56,380
Advertising and promotion 39,056 36,310 72,986 70,566
Home and regional office costs 69,842 57,564 137,498 122,630
General and administrative 12,004 14,298 66,303 26,927
Other 49,690 35,663 82,918 66,641
Total operating expenses 966,500 754,262 1,961,431 1,499,658
OPERATING INCOME BEFORE OTHER ITEMS 824,098 744,197 1,586,260 1,471,814
Interest expense (281,164) (232,724) (556,826) (459,720)
(Loss) gain due to disposal, exchange, or revaluation of equity interests, net (11,950) 104,499 (18,329) 80,507
Income and other tax (expense) benefit (10,809) (35,107) 9,125 (27,470)
Income from unconsolidated entities 119,127 122,875 97,879 153,234
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net (56,425) (50,455) (31,037) (87,220)
(Loss) gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (8,747) (9,604) 55,593 (9,604)
CONSOLIDATED NET INCOME 574,130 643,681 1,142,665 1,121,541
Net income (loss) attributable to noncontrolling interests 6,400 26 12,021 (1,266)
Preferred dividends 1,032 1,126 2,064 2,252
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 566,698 642,529 1,128,580 1,120,555
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:        
General Partner 483,139 556,133 962,708 969,832
Limited Partners $ 83,559 $ 86,396 $ 165,872 $ 150,723
BASIC AND DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders - basic (in dollars per share) $ 1.49 $ 1.7 $ 2.97 $ 2.97
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.49 $ 1.7 $ 2.97 $ 2.97
Consolidated Net Income $ 574,130 $ 643,681 $ 1,142,665 $ 1,121,541
Unrealized gain (loss) on derivative hedge agreements 23,958 (18,593) 35,192 (32,427)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,455) (3,412) (2,910)
Currency translation adjustments (25,946) (21,976) (9,361) (38,616)
Changes in available-for-sale securities and other (3,228) (211) (2,085) 888
Comprehensive income 567,208 601,446 1,162,999 1,048,476
Comprehensive income attributable to noncontrolling interests 6,314 435 11,835 947
Comprehensive income attributable to common stockholders $ 560,894 $ 601,011 $ 1,151,164 $ 1,047,529