Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Significant Accounting Policies

Schedule of investment properties

	2020		2019
Land	$	3,700,023	$	3,692,056
Buildings and improvements		33,908,615		33,664,683
Total land, buildings and improvements		37,608,638		37,356,739
Furniture, fixtures and equipment		441,558		447,756
Investment properties at cost		38,050,196		37,804,495
Less — accumulated depreciation		14,891,937		13,905,776
Investment properties at cost, net	$	23,158,259	$	23,898,719
Construction in progress included above	$	773,061	$	812,982

Schedule of interest capitalized

	For the Year Ended
	December 31,
		2020		2019		2018
Capitalized interest	$	22,917	$	33,342	$	19,871

Schedule of deferred costs and other assets

	2020		2019
Deferred lease costs, net	$	169,651	$	209,277
In-place lease intangibles, net		3,905		31,417
Acquired above market lease intangibles, net		31,053		44,337
Marketable securities of our captive insurance companies		40,496		52,760
Goodwill		20,098		20,098
Other marketable and non-marketable securities		351,176		363,554
Prepaids, notes receivable and other assets, net		465,789		492,582
	$	1,082,168	$	1,214,025

Schedule of deferred lease costs

	2020		2019
Deferred lease costs	$	407,288	$	443,313
Accumulated amortization		(237,637)		(234,036)
Deferred lease costs, net	$	169,651	$	209,277

Schedule of amortization from continuing operations, included in statements of operations and comprehensive income

	For the Year Ended December 31,
	2020		2019		2018
Amortization of deferred leasing costs	$	51,349	$	57,201	$	56,646

Schedule of intangible assets

	2020		2019
In-place lease intangibles	$	173,094	$	196,007
Accumulated amortization		(169,189)		(164,590)
In-place lease intangibles, net	$	3,905	$	31,417
	2020		2019
Acquired above market lease intangibles	$	186,620	$	252,934
Accumulated amortization		(155,567)		(208,597)
Acquired above market lease intangibles, net	$	31,053	$	44,337

Schedule of estimated future amortization and the increasing (decreasing) effect on lease income for above and below market leases

	Below		Above		Impact to
	Market		Market		Lease
	Leases		Leases		Income, Net
2021	$	8,193	$	(11,001)	$	(2,808)
2022		5,565		(8,012)		(2,447)
2023		4,224		(5,858)		(1,634)
2024		3,265		(3,981)		(716)
2025		2,322		(1,677)		645
Thereafter		5,122		(524)		4,598
	$	28,691	$	(31,053)	$	(2,362)

Schedule of Euro:USD forward contracts

			Asset (Liability) Value as of
			December 31,		December 31,
Notional Value		Maturity Date	2020		2019
€	50.0	March 20, 2020		—		(0.5)
€	50.0	March 20, 2020		—		(0.5)
€	50.0	March 20, 2020		—		(0.5)
€	50.0	May 15, 2020		—		1.5
€	100.0	June 18, 2020		—		(0.6)
€	90.0	June 18, 2020		—		(0.5)
€	100.0	December 18, 2020		—		(0.6)
€	100.0	December 18, 2020		—		(0.6)
€	100.0	March 24, 2021		(3.9)		—
€	100.0	March 24, 2021		(3.8)		—
€	50.0	March 24, 2021		(2.3)		—
€	50.0	March 24, 2021		(2.2)		—
€	50.0	May 14, 2021		(2.2)		—
€	50.0	May 14, 2021		(2.2)		—
€	41.0	May 14, 2021		(1.9)		—
€	20.0	May 14, 2021		(1.7)		—
€	50.0	May 14, 2021		(2.1)		1.3
€	50.0	May 14, 2021		(6.4)		—
€	30.0	May 14, 2021		(2.6)		—
€	60.0	December 20, 2021		(4.2)		—
€	60.0	December 20, 2021		(4.1)		—
€	30.0	December 20, 2021		(2.2)		—
€	50.0	July 15, 2021		(0.1)		—
€	50.0	July 15, 2021		(0.1)		—
€	50.0	July 15, 2021		(0.1)		—
€	50.0	July 15, 2021		—		—
€	50.0	July 15, 2021		—		—
€	61.0	September 17, 2021		(1.3)		—
€	61.0	September 17, 2021		(1.2)		—

Schedule of carrying amount of noncontrolling interests

$(
	2020		2019
Limited partners’ interests in the Operating Partnership	$	431,784	$	378,339
Nonredeemable noncontrolling interests in properties, net		1,090		6,513
Total noncontrolling interests reflected in equity	$	432,874	$	384,852

Schedule of reclassifications out of accumulated other comprehensive income (loss)

	2020		2019		2018		Affected line item where net income is presented
Currency translation adjustments	$	(1,739)	$	—	$	—	Other income
		219		—		—	Net income attributable to noncontrolling interests
	$	(1,520)	$	—		—
Accumulated derivative gains (losses), net	$	1,845	$	(2,782)	$	(7,020)	Interest expense
		—		(10,852)		—	Loss on extinguishment of debt
		(232)		1,802		923	Net income attributable to noncontrolling interests
	$	1,613	$	(11,832)	$	(6,097)

Simon Property Group, L.P.

Significant Accounting Policies

Schedule of reclassifications out of accumulated other comprehensive income (loss)

	2020		2019		2018		Affected line item where net income is presented
Currency translation adjustments	$	(1,739)	$	—	$	—	Other income
Accumulated derivative gains (losses), net	$	1,845	$	(2,782)	$	(7,020)	Interest expense
		—		(10,852)		—	Loss on extinguishment of debt
	$	1,845	$	(13,634)	$	(7,020)