v3.26.3
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUE:        
Lease income $ 1,681,393 $ 1,452,930 $ 4,969,633 $ 4,199,812
Management fees and other revenues 46,181 36,925 127,203 108,648
Other income 86,982 111,717 265,411 264,583
Total revenue 1,814,556 1,601,572 5,362,247 4,573,043
EXPENSES:        
Property operating 180,827 149,811 523,026 426,447
Depreciation and amortization 510,768 338,639 1,429,541 1,005,748
Real estate taxes 126,335 115,400 394,200 328,168
Repairs and maintenance 31,600 25,595 104,487 81,975
Advertising and promotion 35,945 38,645 108,930 109,211
Home and regional office costs 70,349 64,282 207,847 186,912
General and administrative 11,164 16,091 77,468 43,018
Other 43,118 40,195 126,038 106,837
Total operating expenses 1,010,106 788,658 2,971,537 2,288,316
OPERATING INCOME BEFORE OTHER ITEMS 804,450 812,914 2,390,710 2,284,727
Interest expense (287,590) (242,790) (844,417) (702,509)
(Loss) gain due to disposal, exchange, or revaluation of equity interests, net (8,259) (8,871) (26,588) 71,636
Income and other tax benefit (expense) 22,565 (15,114) 31,691 (42,584)
Income from unconsolidated entities 152,992 143,916 250,871 297,150
Unrealized (losses) gains in fair value of publicly traded equity instruments and derivative instrument, net (129,565) 2,243 (160,602) (84,977)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 10,701 10,398 66,294 794
CONSOLIDATED NET INCOME 565,294 702,696 1,707,959 1,824,237
Net (loss) income attributable to noncontrolling interests 65,501 95,688 243,788 245,728
Preferred dividends 834 834 2,503 2,503
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 498,959 $ 606,174 $ 1,461,668 $ 1,576,006
BASIC AND DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders - basic (in dollars per share) $ 1.54 $ 1.86 $ 4.51 $ 4.83
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.54 $ 1.86 $ 4.51 $ 4.83
Consolidated Net Income $ 565,294 $ 702,696 $ 1,707,959 $ 1,824,237
Unrealized gain (loss) on derivative hedge agreements 20,050 1,907 55,242 (30,521)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,579) (5,118) (4,488)
Currency translation adjustments 60,728 (31,013) 51,367 (69,629)
Changes in available-for-sale securities and other (2,096) 1,812 (4,181) 2,699
Comprehensive income 642,270 673,823 1,805,269 1,722,298
Comprehensive income attributable to noncontrolling interests 76,775 91,803 257,776 232,062
Comprehensive income attributable to common stockholders 565,495 582,020 1,547,493 1,490,236
Simon Property Group, L.P.        
REVENUE:        
Lease income 1,681,393 1,452,930 4,969,633 4,199,812
Management fees and other revenues 46,181 36,925 127,203 108,648
Other income 86,982 111,717 265,411 264,583
Total revenue 1,814,556 1,601,572 5,362,247 4,573,043
EXPENSES:        
Property operating 180,827 149,811 523,026 426,447
Depreciation and amortization 510,768 338,639 1,429,541 1,005,748
Real estate taxes 126,335 115,400 394,200 328,168
Repairs and maintenance 31,600 25,595 104,487 81,975
Advertising and promotion 35,945 38,645 108,930 109,211
Home and regional office costs 70,349 64,282 207,847 186,912
General and administrative 11,164 16,091 77,468 43,018
Other 43,118 40,195 126,038 106,837
Total operating expenses 1,010,106 788,658 2,971,537 2,288,316
OPERATING INCOME BEFORE OTHER ITEMS 804,450 812,914 2,390,710 2,284,727
Interest expense (287,590) (242,790) (844,417) (702,509)
(Loss) gain due to disposal, exchange, or revaluation of equity interests, net (8,259) (8,871) (26,588) 71,636
Income and other tax benefit (expense) 22,565 (15,114) 31,691 (42,584)
Income from unconsolidated entities 152,992 143,916 250,871 297,150
Unrealized (losses) gains in fair value of publicly traded equity instruments and derivative instrument, net (129,565) 2,243 (160,602) (84,977)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 10,701 10,398 66,294 794
CONSOLIDATED NET INCOME 565,294 702,696 1,707,959 1,824,237
Net (loss) income attributable to noncontrolling interests (20,716) 1,231 (8,695) (34)
Preferred dividends 1,032 1,126 3,096 3,377
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 584,978 700,339 1,713,558 1,820,894
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:        
General Partner 498,959 606,174 1,461,667 1,576,006
Limited Partners $ 86,019 $ 94,165 $ 251,891 $ 244,888
BASIC AND DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders - basic (in dollars per share) $ 1.54 $ 1.86 $ 4.51 $ 4.83
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.54 $ 1.86 $ 4.51 $ 4.83
Consolidated Net Income $ 565,294 $ 702,696 $ 1,707,959 $ 1,824,237
Unrealized gain (loss) on derivative hedge agreements 20,050 1,907 55,242 (30,521)
Net gain reclassified from accumulated other comprehensive loss into earnings (1,706) (1,579) (5,118) (4,488)
Currency translation adjustments 60,728 (31,013) 51,367 (69,629)
Changes in available-for-sale securities and other (2,096) 1,812 (4,181) 2,699
Comprehensive income 642,270 673,823 1,805,269 1,722,298
Comprehensive income attributable to noncontrolling interests (21,362) 680 (9,527) 1,627
Comprehensive income attributable to common stockholders $ 663,632 $ 673,143 $ 1,814,796 $ 1,720,671