v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income $ 1,707,959 $ 1,824,237
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 1,575,806 1,098,029
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (66,294) (794)
Loss (gain) due to disposal, exchange, or revaluation of equity interests, net 26,588 (71,636)
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net 160,602 84,977
Straight-line lease income (39,419) (17,786)
Equity in income of unconsolidated entities (250,871) (297,150)
Distributions of income from unconsolidated entities 331,509 324,646
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 72,531 19,642
Deferred costs and other assets (110,102) (47,789)
Accounts payable, accrued expenses, intangibles, deferred revenues and other (307,691) 16,434
Net cash provided by operating activities 3,100,618 2,932,810
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (961,080)
Funding of loans to related parties (9,333)  
Repayments of loans to related parties 5,583 13,189
Capital expenditures, net (694,964) (679,448)
Cash impact from the consolidation of properties   64,880
Investments in unconsolidated entities (79,130) (46,194)
Purchase of equity instruments (10,255) (47,025)
Proceeds from sale of equity instruments 10,457 87,027
Distributions of capital from unconsolidated entities and other 334,526 329,954
Net cash used in investing activities (443,116) (1,238,697)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (246) (246)
Purchase of shares related to stock grant recipients' tax withholdings (16,132) (13,912)
Redemption of limited partner units (52,022) (6,533)
Purchase of treasury stock (572,524)  
Distributions to noncontrolling interest holders in properties (17,893) (5,701)
Contributions from noncontrolling interest holders in properties 751 3,253
Preferred distributions of the Operating Partnership (593) (874)
Preferred dividends and distributions to stockholders (2,172,492) (2,075,359)
Distributions to limited partners (375,105) (322,777)
Proceeds from issuance of debt, net of transaction costs 10,024,465 3,072,892
Repayments of debt (9,728,917) (2,192,624)
Net cash used in financing activities (2,910,708) (1,541,881)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (253,206) 152,232
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period 569,941 1,552,577
Simon Property Group, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated Net Income 1,707,959 1,824,237
Adjustments to reconcile consolidated net income to net cash provided by operating activities    
Depreciation and amortization 1,575,806 1,098,029
Gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net (66,294) (794)
Loss (gain) due to disposal, exchange, or revaluation of equity interests, net 26,588 (71,636)
Unrealized losses in fair value of publicly traded equity instruments and derivative instrument, net 160,602 84,977
Straight-line lease income (39,419) (17,786)
Equity in income of unconsolidated entities (250,871) (297,150)
Distributions of income from unconsolidated entities 331,509 324,646
Changes in assets and liabilities    
Tenant receivables and accrued revenue, net 72,531 19,642
Deferred costs and other assets (110,102) (47,789)
Accounts payable, accrued expenses, intangibles, deferred revenues and other (307,691) 16,434
Net cash provided by operating activities 3,100,618 2,932,810
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions   (961,080)
Funding of loans to related parties (9,333)  
Repayments of loans to related parties 5,583 13,189
Capital expenditures, net (694,964) (679,448)
Cash impact from the consolidation of properties   64,880
Investments in unconsolidated entities (79,130) (46,194)
Purchase of equity instruments (10,255) (47,025)
Proceeds from sale of equity instruments 10,457 87,027
Distributions of capital from unconsolidated entities and other 334,526 329,954
Net cash used in investing activities (443,116) (1,238,697)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sales of common stock and other, net of transaction costs (246) (246)
Purchase of shares related to stock grant recipients' tax withholdings (16,132) (13,912)
Redemption of limited partner units (52,022) (6,533)
Purchase of general partner units (572,524)  
Distributions to noncontrolling interest holders in properties (17,893) (5,701)
Contributions from noncontrolling interest holders in properties 751 3,253
Preferred distributions of the Operating Partnership (2,548,190) (2,399,010)
Proceeds from issuance of debt, net of transaction costs 10,024,465 3,072,892
Repayments of debt (9,728,917) (2,192,624)
Net cash used in financing activities (2,910,708) (1,541,881)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (253,206) 152,232
CASH AND CASH EQUIVALENTS, beginning of period 823,147 1,400,345
CASH AND CASH EQUIVALENTS, end of period $ 569,941 $ 1,552,577