Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Significant Accounting Policies

Schedule of fair value measurements, recurring and nonrecurring

Description	June 30, 2024		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Short-term investments	$	1,300,000	$	-	$	1,300,000	$	-
Deferred costs and other assets		146,337		102,543		43,794		-
Total	$	1,446,337	$	102,543	$	1,343,794	$	-
Liabilities:
Other Liabilities	$	35,553	$	-	$	51	$	35,502

Description	December 31, 2023		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Short-term investments	$	1,000,000	$	-	$	1,000,000	$	-
Deferred costs and other assets		113,779		97,696		16,083
Total		1,113,779		97,696		1,016,083		-
Liabilities:
Other Liabilities	$	38,146	$	-	$	9,774	$	28,372

Schedule of carrying amount of noncontrolling interests

	As of		As of
	June 30,		December 31,
	2024		2023
Limited partners’ interests in the Operating Partnership	$	434,982	$	447,494
Nonredeemable noncontrolling interests in properties, net		18,446		21,321
Total noncontrolling interests reflected in equity	$	453,428	$	468,815

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
									Affected line item where
	2024		2023		2024		2023		net income is presented
Accumulated derivative gains, net	$	1,268	$	697	$	2,879	$	1,198	Interest expense
		(165)		(88)		(375)		(151)	Net income attributable to noncontrolling interests
	$	1,103	$	609	$	2,504	$	1,047

Schedule of Interest Rate Derivatives

As of June 30, 2024, we had the following outstanding interest rate derivatives related to managing our interest rate risk:

	Number of	Notional
Interest Rate Derivative	Instruments	Amount
Interest Rate Swaps	5	$	805.0 million
Interest Rate Swaps	2	€	193.0 million
Interest Rate Caps	2	€	80.0 million

As of December 31, 2023, we had the following outstanding interest rate derivatives related to managing our interest rate risk:

	Number of	Notional
Interest Rate Derivative	Instruments	Amount
Interest Rate Swaps	5	$	805.0 million
Interest Rate Caps	1	$	38.0 million
Interest Rate Swaps	1	€	128.0 million
Interest Rate Caps	3	€	129.0 million

Schedule of Foreign Exchange Contracts, Statement of Financial Position [Table Text Block]

We had the following Euro:USD forward contracts designated as net investment hedges at June 30, 2024 and December 31, 2023 (in millions):

			Asset (Liability) Value as of
			June 30,		December 31,
Notional Value		Maturity Date	2024		2023
€	50.0	January 17, 2024		—		(0.4)
€	30.0	March 15, 2024		—		1.0
€	51.0	March 15, 2024		—		(3.6)
€	20.0	April 12, 2024		—		(0.1)
€	25.0	July 17, 2024		1.7		0.7
€	37.0	December 13, 2024		0.6		(0.9)
€	37.0	December 13, 2024		0.6		(0.9)
€	50.0	March 17, 2025		0.9		(1.1)
€	27.0	March 17, 2025		0.7		—
€	54.0	March 17, 2025		1.4		—
€	50.0	April 17, 2025		1.5		—

Schedule of key inputs into the option model for the exchange option within the exchangeable bonds

	June 30, 2024		December 31, 2023
Klépierre stock price	€	24.98	€	24.68
Implied volatility		19.81%		17.88%
EUR risk-free rate		3.01%		2.11%
Klépierre expected dividend yield		6.77%		6.85%
Expected term		2.38 years		2.88 years
Credit Spread		0.79%		0.84%

Simon Property Group, L.P.

Significant Accounting Policies

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
									Affected line item where
	2024		2023		2024		2023		net income is presented
Accumulated derivative gains, net	$	1,268	$	697	$	2,879	$	1,198	Interest expense