Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Significant Accounting Policies

Schedule of interest capitalized

	For the Year Ended
	December 31,
		2016		2015		2014
Capitalized interest	$	31,250	$	32,664	$	16,500

Summarized financial information for discontinued operations

	For the Year Ended
	2014
TOTAL REVENUE	$	262,652
Property Operating		43,175
Depreciation and amortization		76,992
Real estate taxes		32,474
Repairs and maintenance		10,331
Advertising and promotion		3,340
Provision for credit losses		1,494
Other		2,028
Total operating expenses		169,834
OPERATING INCOME		92,818
Interest expense		(26,076)
Income and other taxes		(112)
Income from unconsolidated entities		652
Gain upon acquisition of controlling interests, sale or disposal of assets and interests in unconsolidated entities, and impairment charge on investment in unconsolidated entities, net		242
CONSOLIDATED NET INCOME		67,524
Net income attributable to noncontrolling interests		9,781
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	57,743

Schedule of deferred costs and other assets

	2016		2015
Deferred lease costs, net	$	250,261	$	240,229
In-place lease intangibles, net		153,015		188,219
Acquired above market lease intangibles, net		112,024		67,363
Marketable securities of our captive insurance companies		58,142		87,257
Goodwill		20,098		20,098
Other marketable and non-marketable securities		308,591		278,026
Prepaids, notes receivable and other assets, net		451,457		385,576
	$	1,353,588	$	1,266,768

Schedule of deferred lease costs

	2016		2015
Deferred lease costs	$	464,226	$	429,985
Accumulated amortization		(213,965)		(189,756)
Deferred lease costs, net	$	250,261	$	240,229

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

	For the Year Ended December 31,
	2016		2015		2014
Amortization of deferred leasing costs	$	49,993	$	43,788	$	39,488

Schedule of intangible assets

	2016		2015
In-place lease intangibles	$	395,713	$	431,712
Accumulated depreciation		(242,698)		(243,493)
In-place lease intangibles, net	$	153,015	$	188,219
	2016		2015
Acquired above market lease intangibles	$	254,581	$	183,625
Accumulated amortization		(142,557)		(116,262)
Acquired above market lease intangibles, net	$	112,024	$	67,363

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

	Below		Above		Impact to
	Market		Market		Minimum
	Leases		Leases		Rent, Net
2017	$	30,015	$	(27,675)	$	2,340
2018		24,345		(23,350)		995
2019		20,615		(19,080)		1,535
2020		15,950		(14,936)		1,014
2021		7,355		(9,851)		(2,496)
Thereafter		17,861		(17,132)		729
	$	116,141	$	(112,024)	$	4,117

Schedule of outstanding interest rate derivatives

	Number of	Notional
Interest Rate Derivative	Instruments	Amount
Interest Rate Swap	1	$	250.0 million

Schedule of USD forward contracts

			Asset Value as of
			December 31,		December 31,
Notional Value		Maturity Date	2016		2015
€	50.00	August 12, 2016	$	—	$	13.0
€	50.00	August 11, 2017		15.5		13.0
€	50.00	May 15, 2019		3.9		1.8
€	50.00	May 15, 2019		1.5		—
€	50.00	May 15, 2020		1.1		—
€	50.00	May 14, 2021		0.6		—

Schedule of carrying amount of noncontrolling interests

	2016		2015
Limited partners’ interests in the Operating Partnership	$	644,348	$	741,449
Nonredeemable noncontrolling interests in properties, net		5,116		3,456
Total noncontrolling interests reflected in equity	$	649,464	$	744,905

Schedule of rollforward of noncontrolling interests

	2016		2015		2014
Noncontrolling interests, beginning of period	$	744,905	$	858,328	$	973,226
Net income attributable to noncontrolling interests after preferred distributions and income attributable to redeemable noncontrolling interests in consolidated properties		289,594		309,740		241,023
Distributions to noncontrolling interest holders		(319,193)		(318,780)		(290,705)
Other comprehensive income (loss) allocable to noncontrolling interests:
Unrealized gain on derivative hedge agreements		5,444		2,543		617
Net loss (gain) reclassified from accumulated other comprehensive loss into earnings		19,629		(9,925)		1,568
Currency translation adjustments		(209)		(22,749)		(14,858)
Changes in available-for-sale securities and other		216		(1,803)		14,945
		25,080		(31,934)		2,272
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership		(66,996)		(101,480)		(211,657)
Units issued to limited partners		—		—		84,910
Units exchanged for common shares		(73,756)		(7,942)		(1,297)
Units redeemed		—		(14,843)		(1,463)
Long-term incentive performance units		48,324		47,279		49,938
Contributions by noncontrolling interests, net, and other		1,506		4,537		12,081
Noncontrolling interests, end of period	$	649,464	$	744,905	$	858,328

Schedule of changes in components of accumulated other comprehensive income (loss) net of noncontrolling interest

					Net unrealized
	Currency		Accumulated		gains on
	translation		derivative		marketable
	adjustments		losses, net		securities		Total
Beginning balance	$	(248,285)	$	(15,161)	$	10,760	$	(252,686)
Other comprehensive income (loss) before reclassifications		(28,437)		34,400		2,604		8,567
Amounts reclassified from accumulated other comprehensive income (loss)		118,858		11,135		—		129,993
Net current-period other comprehensive income (loss)		90,421		45,535		2,604		138,560
Ending balance	$	(157,864)	$	30,374	$	13,364	$	(114,126)

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

	2016		2015		2014
	Amount reclassified		Amount reclassified		Amount reclassified
Details about accumulated other	from accumulated		from accumulated		from accumulated
comprehensive income (loss)	other comprehensive		other comprehensive		other comprehensive		Affected line item where
components:	income (loss)		income (loss)		income (loss)		net income is presented
Currency translation adjustments	$	(136,806)	$	—		—	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
		17,948		—		—	Net income attributable to noncontrolling interests
	$	(118,858)	$	—		—
Accumulated derivative losses, net	$	(12,230)	$	(10,998)	$	(10,789)	Interest expense
		(586)		—			Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
		1,681		1,577		1,568	Net income attributable to noncontrolling interests
	$	(11,135)	$	(9,421)	$	(9,221)
Realized gain on sale of marketable securities	$	—	$	80,187	$	—	Other income
		—		(11,502)		—	Net income attributable to noncontrolling interests
	$	—	$	68,685	$	—

Schedule of activity in the allowance for credit losses

	For the Year Ended
	December 31,
	2016		2015		2014
Balance, beginning of period	$	30,094	$	33,282	$	32,681
Provision for credit losses		7,319		6,635		12,001
Accounts written off, net of recoveries		(14,915)		(9,823)		(11,400)
Balance, end of period	$	22,498	$	30,094	$	33,282

Simon Property Group L.P.

Significant Accounting Policies

Schedule of rollforward of noncontrolling interests

	2016		2015		2014
Noncontrolling nonredeemable interests (deficit) in properties, net — beginning of period	$	3,456	$	(229)	$	4,264
Net income attributable to noncontrolling nonredeemable interests		2,917		2,984		2,491
Distributions to noncontrolling nonredeemable interestholders		(2,765)		(3,836)		(19,065)
Contributions by noncontrolling interests, net, and other		1,508		4,537		12,081
Noncontrolling nonredeemable interests (deficit) in properties, net — end of period	$	5,116	$	3,456	$	(229)

Schedule of changes in components of accumulated other comprehensive income (loss) net of noncontrolling interest

The changes in accumulated other comprehensive income (loss) by component consisted of the following as of December 31, 2016:

					Net unrealized
	Currency		Accumulated		gains on
	translation		derivative		marketable
	adjustments		losses, net		securities		Total
Beginning balance	$	(289,866)	$	(17,704)	$	12,563	$	(295,007)
Other comprehensive income (loss) before reclassifications		(28,646)		39,844		2,820		14,018
Amounts reclassified from accumulated other comprehensive income (loss)		136,806		12,816		—		149,622
Net current-period other comprehensive income (loss)		108,160		52,660		2,820		163,640
Ending balance	$	(181,706)	$	34,956	$	15,383	$	(131,367)

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

	2016		2015		2014
	Amount reclassified		Amount reclassified		Amount reclassified
Details about accumulated other	from accumulated		from accumulated		from accumulated
comprehensive income (loss)	other comprehensive		other comprehensive		other comprehensive		Affected line item where
components:	income (loss)		income (loss)		income (loss)		net income is presented
Currency translation adjustments	$	(136,806)	$	—	$	—	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
	$	(136,806)	$	—	$	—
Accumulated derivative losses, net	$	(12,230)	$	(10,998)	$	(10,789)	Interest expense
		(586)		—		—	Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net
	$	(12,816)	$	(10,998)	$	(10,789)
Realized gain on sale of marketable securities	$	—	$	80,187	$	—	Other income
	$	—	$	80,187	$	—