XML 25 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Equity - USD ($)
$ in Thousands
Simon Property Group, L.P.
Simon (Managing General Partner)
Simon Property Group, L.P.
Limited Partners
Simon Property Group, L.P.
Preferred Stock
Simon Property Group, L.P.
Noncontrolling Interests
Simon Property Group, L.P.
Preferred Stock
Series J Preferred stock
Common Stock.
Accumulated Other Comprehensive Income (Loss)
Capital in Excess of Par Value
Accumulated Deficit
Common Stock Held in Treasury
Noncontrolling Interests
Total
Balance at Dec. 31, 2021           $ 41,763 $ 34 $ (185,186) $ 11,212,990 $ (5,823,708) $ (1,884,441) $ 491,533 $ 3,852,985
Balance at Dec. 31, 2021 $ 3,319,689 $ 477,292 $ 41,763 $ 14,241 $ 3,852,985                
Increase (Decrease) in Stockholders' Equity                          
Exchange of limited partner units                 27     (27)  
Series J preferred stock premium amortization     (82)   (82) (82)             (82)
Limited partner units exchanged to common units 27 (27)                      
Stock incentive program                 (6,864)   6,864    
Redemption of limited partner units (137) (10)     (147)       (137)     (10) (147)
Amortization of stock incentive 3,705       3,705       3,705       3,705
Long-term incentive performance units   3,895     3,895             3,895 3,895
Issuance of unit equivalents and other (12,763) (2)   (260) (13,025)       1 (9,007) (3,757) (262) (13,025)
Unrealized gain on hedging activities 14,715 2,118     16,833     14,715       2,118 16,833
Currency translation adjustments 1,170 135     1,305     1,170       135 1,305
Changes in available-for-sale securities and other (455) (66)     (521)     (455)       (66) (521)
Net gain reclassified from accumulated other comprehensive loss into earnings (338) (49)     (387)     (338)       (49) (387)
Other comprehensive income (loss) 15,092 2,138     17,230     15,092       2,138 17,230
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 3,899 (3,899)             3,899     (3,899)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (543,010)   (78,024) (621,034)
Distributions to other noncontrolling interest partners                       (60) (60)
Distributions, excluding distributions on preferred interests classified as temporary equity (542,176) (78,024) (834) (60) (621,094)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 426,630 61,363 834 273 489,100                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   427,464   61,636 489,100
Balance at Mar. 31, 2022           41,681 34 (170,094) 11,213,621 (5,948,261) (1,881,334) 476,920 3,732,567
Balance at Mar. 31, 2022 3,213,966 462,726 41,681 14,194 3,732,567                
Balance at Dec. 31, 2021           41,763 34 (185,186) 11,212,990 (5,823,708) (1,884,441) 491,533 3,852,985
Balance at Dec. 31, 2021 3,319,689 477,292 41,763 14,241 3,852,985                
Increase (Decrease) in Stockholders' Equity                          
Unrealized gain on hedging activities         80,327               80,327
Currency translation adjustments         (49,482)               (49,482)
Changes in available-for-sale securities and other         (1,619)               (1,619)
Net gain reclassified from accumulated other comprehensive loss into earnings         (1,191)               (1,191)
Balance at Sep. 30, 2022           41,517 34 (160,549) 11,231,483 (6,046,981) (2,043,979) 455,554 3,477,079
Balance at Sep. 30, 2022 2,980,008 431,145 41,517 24,409 3,477,079                
Balance at Mar. 31, 2022           41,681 34 (170,094) 11,213,621 (5,948,261) (1,881,334) 476,920 3,732,567
Balance at Mar. 31, 2022 3,213,966 462,726 41,681 14,194 3,732,567                
Increase (Decrease) in Stockholders' Equity                          
Series J preferred stock premium amortization     (82)   (82) (82)             (82)
Stock incentive program                 (20,773)   20,773    
Redemption of limited partner units (1,484) (126)     (1,610)       (1,484)     (126) (1,610)
Amortization of stock incentive 8,662       8,662       8,662       8,662
Treasury stock purchase                     (144,114)   (144,114)
Treasury unit purchase (144,114)       (144,114)                
Long-term incentive performance units   1,826     1,826             1,826 1,826
Issuance of unit equivalents and other (5,936) 5   7,910 1,979       101 (3,006) (3,031) 7,915 1,979
Unrealized gain on hedging activities 24,484 3,540     28,024     24,484       3,540 28,024
Currency translation adjustments (21,452) (3,192)     (24,644)     (21,452)       (3,192) (24,644)
Changes in available-for-sale securities and other (482) (70)     (552)     (482)       (70) (552)
Net gain reclassified from accumulated other comprehensive loss into earnings (351) (50)     (401)     (351)       (50) (401)
Other comprehensive income (loss) 2,199 228     2,427     2,199       228 2,427
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 17,930 (17,930)             17,930     (17,930)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (559,069)   (80,478) (639,547)
Distributions to other noncontrolling interest partners                       (52) (52)
Distributions, excluding distributions on preferred interests classified as temporary equity (558,234) (80,478) (835) (52) (639,599)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 496,744 71,545 835 (258) 568,866                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   497,579   71,287 568,866
Balance at Jun. 30, 2022           41,599 34 (167,895) 11,218,057 (6,012,757) (2,007,706) 459,590 3,530,922
Balance at Jun. 30, 2022 3,029,733 437,796 41,599 21,794 3,530,922                
Increase (Decrease) in Stockholders' Equity                          
Series J preferred stock premium amortization     (82)   (82) (82)             (82)
Amortization of stock incentive 5,651       5,651       5,651       5,651
Treasury stock purchase                     (36,273)   (36,273)
Treasury unit purchase (36,273)       (36,273)                
Long-term incentive performance units   3,070     3,070             3,070 3,070
Issuance of unit equivalents and other 1,429 2   1,971 3,402       1,986 (557)   1,973 3,402
Unrealized gain on hedging activities 30,982 4,488     35,470     30,982       4,488 35,470
Currency translation adjustments (22,807) (3,336)     (26,143)     (22,807)       (3,336) (26,143)
Changes in available-for-sale securities and other (477) (69)     (546)     (477)       (69) (546)
Net gain reclassified from accumulated other comprehensive loss into earnings (352) (51)     (403)     (352)       (51) (403)
Other comprehensive income (loss) 7,346 1,032     8,378     7,346       1,032 8,378
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 5,789 (5,789)             5,789     (5,789)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (573,539)   (82,846) (656,385)
Distributions to other noncontrolling interest partners                       (722) (722)
Distributions, excluding distributions on preferred interests classified as temporary equity (572,705) (82,846) (834) (722) (657,107)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 539,038 77,880 834 1,366 619,118                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   539,872   79,246 619,118
Balance at Sep. 30, 2022           41,517 34 (160,549) 11,231,483 (6,046,981) (2,043,979) 455,554 3,477,079
Balance at Sep. 30, 2022 2,980,008 431,145 41,517 24,409 3,477,079                
Balance at Dec. 31, 2022           41,435 34 (164,873) 11,232,881 (5,926,974) (2,043,979) 473,128 3,611,652
Balance at Dec. 31, 2022 3,097,089 448,076 41,435 25,052 3,611,652                
Increase (Decrease) in Stockholders' Equity                          
Series J preferred stock premium amortization     (83)   (83) (83)             (83)
Stock incentive program                 (7,880)   7,880    
Redemption of limited partner units (2,645) (213)     (2,858)       (2,645)     (213) (2,858)
Amortization of stock incentive 5,379       5,379       5,379       5,379
Long-term incentive performance units   3,382     3,382             3,382 3,382
Issuance of unit equivalents and other (7,644) 1   188 (7,455)         (5,020) (2,624) 189 (7,455)
Unrealized gain on hedging activities 4,959 713     5,672     4,959       713 5,672
Currency translation adjustments (671) (80)     (751)     (671)       (80) (751)
Changes in available-for-sale securities and other 169 25     194     169       25 194
Net gain reclassified from accumulated other comprehensive loss into earnings (438) (63)     (501)     (438)       (63) (501)
Other comprehensive income (loss) 4,019 595     4,614     4,019       595 4,614
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 3,736 (3,736)             3,736     (3,736)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (590,434)   (85,163) (675,597)
Distributions to other noncontrolling interest partners                       (4,366) (4,366)
Distributions, excluding distributions on preferred interests classified as temporary equity (589,600) (85,163) (834) (4,366) (679,963)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 451,827 65,353 834 190 518,204                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   452,661   65,543 518,204
Balance at Mar. 31, 2023           41,352 34 (160,854) 11,231,471 (6,069,767) (2,038,723) 449,359 3,452,872
Balance at Mar. 31, 2023 2,962,161 428,295 41,352 21,064 3,452,872                
Balance at Dec. 31, 2022           41,435 34 (164,873) 11,232,881 (5,926,974) (2,043,979) 473,128 3,611,652
Balance at Dec. 31, 2022 3,097,089 448,076 41,435 25,052 3,611,652                
Increase (Decrease) in Stockholders' Equity                          
Unrealized gain on hedging activities         62,305               62,305
Currency translation adjustments         (34,746)               (34,746)
Changes in available-for-sale securities and other         903               903
Net gain reclassified from accumulated other comprehensive loss into earnings         (1,869)               (1,869)
Balance at Sep. 30, 2023           41,188 34 (140,987) 11,392,636 (6,218,936) (2,121,201) 457,674 3,410,408
Balance at Sep. 30, 2023 2,911,546 436,693 41,188 20,981 3,410,408                
Balance at Mar. 31, 2023           41,352 34 (160,854) 11,231,471 (6,069,767) (2,038,723) 449,359 3,452,872
Balance at Mar. 31, 2023 2,962,161 428,295 41,352 21,064 3,452,872                
Increase (Decrease) in Stockholders' Equity                          
Series J preferred stock premium amortization     (82)   (82) (82)             (82)
Stock incentive program                 (26,309)   26,309    
Redemption of limited partner units (7,215) (649)     (7,864)       (7,215)     (649) (7,864)
Amortization of stock incentive 10,895       10,895       10,895       10,895
Long-term incentive performance units   2,617     2,617             2,617 2,617
Issuance of unit equivalents and other (3,938) 5   13 (3,920)       2 (770) (3,171) 18 (3,921)
Unrealized gain on hedging activities 13,398 1,922     15,320     13,398       1,922 15,320
Currency translation adjustments (28,837) (4,099)     (32,936)     (28,837)       (4,099) (32,936)
Changes in available-for-sale securities and other 935 135     1,070     935       135 1,070
Net gain reclassified from accumulated other comprehensive loss into earnings (609) (88)     (697)     (609)       (88) (697)
Other comprehensive income (loss) (15,113) (2,130)     (17,243)     (15,113)       (2,130) (17,243)
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 2,581 (2,581)             2,581     (2,581)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (606,181)   (87,399) (693,580)
Distributions to other noncontrolling interest partners                       (772) (772)
Distributions, excluding distributions on preferred interests classified as temporary equity (605,347) (87,399) (834) (772) (694,352)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 486,343 70,213 834 258 557,648                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   487,178   70,471 557,649
Balance at Jun. 30, 2023           41,270 34 (175,967) 11,211,425 (6,189,540) (2,015,585) 428,934 3,300,571
Balance at Jun. 30, 2023 2,830,367 408,371 41,270 20,563 3,300,571                
Increase (Decrease) in Stockholders' Equity                          
Issuance of limited partner units   197,426     197,426             197,426 197,426
Series J preferred stock premium amortization     (82)   (82) (82)             (82)
Redemption of limited partner units (143) (11)     (154)       (143)     (11) (154)
Amortization of stock incentive 7,977       7,977       7,977       7,977
Treasury stock purchase                     (105,616)   (105,616)
Treasury unit purchase (105,616)       (105,616)                
Long-term incentive performance units   3,446     3,446             3,446 3,446
Issuance of unit equivalents and other (1,825) 2   1,080 (743)       5 (1,830)   1,082 (743)
Unrealized gain on hedging activities 35,653 5,660     41,314     35,653       5,660 41,314
Currency translation adjustments 215 (1,274)     (1,059)     215       (1,274) (1,059)
Changes in available-for-sale securities and other (310) (51)     (361)     (310)       (51) (361)
Net gain reclassified from accumulated other comprehensive loss into earnings (578) (93)     (671)     (578)       (93) (671)
Other comprehensive income (loss) 34,980 4,242     39,222     34,980       4,242 39,222
Adjustment to limited partners' interest from change in ownership in the Operating Partnership 173,372 (173,372)             173,372     (173,372)  
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests                   (622,540)   (89,869) (712,409)
Distributions to other noncontrolling interest partners                       (533) (533)
Distributions, excluding distributions on preferred interests classified as temporary equity (621,705) (89,869) (835) (533) (712,942)                
Net income, excluding preferred distributions on temporary equity preferred units and amounts attributable to noncontrolling redeemable interests in properties 594,139 86,458 835 (129) 681,303                
Net income, excluding attributable to preferred interests in the Operating Partnership and attributable to noncontrolling redeemable interests in properties                   594,974   86,329 681,303
Balance at Sep. 30, 2023           $ 41,188 $ 34 $ (140,987) $ 11,392,636 $ (6,218,936) $ (2,121,201) $ 457,674 $ 3,410,408
Balance at Sep. 30, 2023 $ 2,911,546 $ 436,693 $ 41,188 $ 20,981 $ 3,410,408