v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 1,142,665 $ 1,121,541
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 1,030,448 723,285
(Gain) loss on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (55,593) 9,604
Loss (gain) due to disposal, exchange, or revaluation of equity interests, net 18,329 (80,507)
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net 31,037 87,220
Straight-line lease income (21,188) (4,083)
Equity in income of unconsolidated entities (97,879) (153,234)
Distributions of income from unconsolidated entities 227,974 212,486
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 69,871 45,044
Deferred costs and other assets (63,393) 69,765
Accounts payable, accrued expenses, intangibles, deferred revenues and other (253,330) 11,429
Net cash provided by operating activities 2,028,941 2,042,550
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (935,740)
Funding of loans to related parties (6,965)  
Repayments of loans to related parties 4,328 9,100
Capital expenditures, net (445,285) (474,225)
Cash impact from the consolidation of properties   64,167
Investments in unconsolidated entities (24,041) (20,594)
Purchase of equity instruments (8,159) (16,505)
Proceeds from sale of equity instruments 1,143 85,215
Distributions of capital from unconsolidated entities and other 245,192 200,159
Net cash used in investing activities (233,787) (1,088,423)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (164) (164)
Purchase of shares related to stock grant recipients' tax withholdings (11,199) (9,840)
Redemption of limited partner units (51,885) (6,384)
Purchase of treasury stock (336,011)  
Distributions to noncontrolling interest holders in properties (10,826) (3,079)
Contributions from noncontrolling interest holders in properties 751 2,804
Preferred distributions of the Operating Partnership (395) (583)
Preferred dividends and distributions to stockholders (1,444,591) (1,372,586)
Distributions to limited partners (249,289) (213,550)
Proceeds from issuance of debt, net of transaction costs 5,365,465 1,569,036
Repayments of debt (4,861,066) (1,088,689)
Net cash used in financing activities (1,599,210) (1,123,035)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 195,944 (168,908)
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period 1,019,091 1,231,437
Simon Property Group, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income 1,142,665 1,121,541
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 1,030,448 723,285
(Gain) loss on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (55,593) 9,604
Loss (gain) due to disposal, exchange, or revaluation of equity interests, net 18,329 (80,507)
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net 31,037 87,220
Straight-line lease income (21,188) (4,083)
Equity in income of unconsolidated entities (97,879) (153,234)
Distributions of income from unconsolidated entities 227,974 212,486
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 69,871 45,044
Deferred costs and other assets (63,393) 69,765
Accounts payable, accrued expenses, intangibles, deferred revenues and other (253,330) 11,429
Net cash provided by operating activities 2,028,941 2,042,550
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (935,740)
Funding of loans to related parties (6,965)  
Repayments of loans to related parties 4,328 9,100
Capital expenditures, net (445,285) (474,225)
Cash impact from the consolidation of properties   64,167
Investments in unconsolidated entities (24,041) (20,594)
Purchase of equity instruments (8,159) (16,505)
Proceeds from sale of equity instruments 1,143 85,215
Distributions of capital from unconsolidated entities and other 245,192 200,159
Net cash used in investing activities (233,787) (1,088,423)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (164) (164)
Purchase of shares related to stock grant recipients' tax withholdings (11,199) (9,840)
Redemption of limited partner units (51,885) (6,384)
Purchase of general partner units (336,011)  
Distributions to noncontrolling interest holders in properties (10,826) (3,079)
Contributions from noncontrolling interest holders in properties 751 2,804
Preferred distributions of the Operating Partnership (1,694,275) (1,586,719)
Proceeds from issuance of debt, net of transaction costs 5,365,465 1,569,036
Repayments of debt (4,861,066) (1,088,689)
Net cash used in financing activities (1,599,210) (1,123,035)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 195,944 (168,908)
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period $ 1,019,091 $ 1,231,437