Equity (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of preferred units of the Operating Partnership and the amount of the noncontrolling redeemable interests in properties

	2023		2022
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 230,373 issued and outstanding	$	23,037	$	25,537
Other noncontrolling redeemable interests		172,912		186,702
Total preferred units, at liquidation value, and noncontrolling redeemable interests in properties	$	195,949	$	212,239

Schedule of LTIP units earned and aggregate grant date fair values adjusted for estimated forfeitures

LTIP Awards	LTIP Units Earned	Grant Date Fair Value of TSR Award	Grant Date Target Value of Performance-Based Awards
2021 LTIP Awards	To be determined in 2024	$5.7 million	$12.2 million
2022 LTIP Awards	To be determined in 2025	—	$13.7 million
2023 LTIP Awards	To be determined in 2026	—	$23.6 million

Schedule of restricted stock awards

	For the Year Ended
	December 31,
	2023		2022		2021
Shares of restricted stock awarded during the year, net of forfeitures		227,232		160,259		42,036
Weighted average fair value of shares granted during the year	$	111.37	$	129.62	$	117.52
Compensation expense, net of capitalization	$	16,356	$	9,583	$	8,817

Simon Property Group, L.P.

Schedule of preferred units of the Operating Partnership and the amount of the noncontrolling redeemable interests in properties

	2023		2022
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 230,373 issued and outstanding	$	23,037	$	25,537
Other noncontrolling redeemable interests		172,912		186,702
Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$	195,949	$	212,239