Equity (Tables)

3 Months Ended

Mar. 31, 2017

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

	As of		As of
	March 31,		December 31,
	2017		2016
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests in properties		141,310		112,225
Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$	166,847	$	137,762

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

LTIP Program	LTIP Units Earned	Grant Date Fair Value
2010 LTIP program
1-year 2010 LTIP program	133,673	1-year program — $7.2 million
2-year 2010 LTIP program	337,006	2-year program — $14.8 million
3-year 2010 LTIP program	489,654	3-year program — $23.0 million
2011-2013 LTIP program	469,848	$35.0 million
2012-2014 LTIP program	401,203	$35.0 million
2013-2015 LTIP program	482,779	$29.5 million
2014-2016 LTIP program	131,252	$30.0 million
2015-2017 LTIP program	To be determined in 2018	$27.4 million
2016-2018 LTIP program	To be determined in 2019	$28.8 million

Reconciliation of carrying amounts of equity

					Accumulated						Common
					Other		Capital in				Stock
	Preferred		Common		Comprehensive		Excess of		Accumulated		Held in		Noncontrolling		Total
	Stock		Stock		Income (Loss)		Par Value		Deficit		Treasury		interests		Equity
January 1, 2017	$	43,405	$	32	$	(114,126)	$	9,523,086	$	(4,459,387)	$	(682,562)	$	649,464	$	4,959,912
Exchange of limited partner units for common shares								12						(12)		—
Treasury stock purchase												(151,690)				(151,690)
LTIP units														14,705		14,705
Purchase and disposition of noncontrolling interests, net and other		(82)						1,995		(29,699)		(284)		171		(27,899)
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership								33,235						(33,235)		—
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests										(548,521)				(82,906)		(631,427)
Distributions to other noncontrolling interest partners														(1,315)		(1,315)
Comprehensive income, excluding $479 attributable to preferred interests in the Operating Partnership and a $919 loss attributable to noncontrolling redeemable interests in properties						13,283				478,570				74,866		566,719
March 31, 2017	$	43,323	$	32	$	(100,843)	$	9,558,328	$	(4,559,037)	$	(834,536)	$	621,738	$	4,729,005

Simon Property Group L.P.

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

	As of		As of
	March 31,		December 31,
	2017		2016
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests in properties		141,310		112,225
Total preferred units, at liquidation value, and noncontrolling redeemable interests in properties	$	166,847	$	137,762

Reconciliation of carrying amounts of equity

	Preferred		Simon (Managing		Limited		Noncontrolling		Total
	Units		General Partner)		Partners		interests		Equity
January 1, 2017	$	43,405	$	4,267,043	$	644,348	$	5,116	$	4,959,912
Limited partner units exchanged to units				12		(12)				—
Treasury unit purchase				(151,690)						(151,690)
LTIP Units						14,705				14,705
Purchase and disposition of noncontrolling interests, net and other		(82)		(27,988)				171		(27,899)
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership				33,235		(33,235)				—
Distributions to limited partners, excluding preferred interests classified as temporary equity		(834)		(547,687)		(82,906)		(1,315)		(632,742)
Comprehensive income, excluding $479 attributable to preferred interests in the Operating Partnership and a $919 loss attributable to noncontrolling redeemable interests in properties		834		491,019		74,191		675		566,719
March 31, 2017	$	43,323	$	4,063,944	$	617,091	$	4,647	$	4,729,005