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Unaudited Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE:    
Minimum rent $ 846,798 $ 818,536
Overage rent 28,204 28,916
Tenant reimbursements 378,915 371,613
Management fees and other revenues 30,547 33,400
Other income 61,299 84,250
Total revenue 1,345,763 1,336,715
EXPENSES:    
Property operating 104,048 103,060
Depreciation and amortization 310,832 300,614
Real estate taxes 106,659 109,423
Repairs and maintenance 25,601 26,065
Advertising and promotion 35,948 35,038
Provision for credit losses 5,210 3,664
Home and regional office costs 42,979 38,607
General and administrative 14,001 14,864
Other 23,814 20,479
Total operating expenses 669,092 651,814
OPERATING INCOME 676,671 684,901
Interest expense (198,202) (219,190)
Income and other tax benefit (expense) 3,521 (15,186)
Income from unconsolidated entities 69,085 90,626
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net   22,688
CONSOLIDATED NET INCOME 551,075 563,839
Net income (loss) attributable to noncontrolling interests 72,505 82,010
Preferred dividends 834 834
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS $ 477,736 $ 480,995
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:    
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.53 $ 1.55
Consolidated Net Income $ 551,075 $ 563,839
Unrealized loss on derivative hedge agreements (1,253) (14,775)
Net loss reclassified from accumulated other comprehensive loss into earnings 2,620 139,339
Currency translation adjustments 13,148 20,933
Changes in available-for-sale securities and other 689 11,891
Comprehensive income 566,279 721,227
Comprehensive income attributable to noncontrolling interests 74,425 104,427
Comprehensive income attributable to common stockholders or unitholders 491,854 616,800
Simon Property Group L.P.    
REVENUE:    
Minimum rent 846,798 818,536
Overage rent 28,204 28,916
Tenant reimbursements 378,915 371,613
Management fees and other revenues 30,547 33,400
Other income 61,299 84,250
Total revenue 1,345,763 1,336,715
EXPENSES:    
Property operating 104,048 103,060
Depreciation and amortization 310,832 300,614
Real estate taxes 106,659 109,423
Repairs and maintenance 25,601 26,065
Advertising and promotion 35,948 35,038
Provision for credit losses 5,210 3,664
Home and regional office costs 42,979 38,607
General and administrative 14,001 14,864
Other 23,814 20,479
Total operating expenses 669,092 651,814
OPERATING INCOME 676,671 684,901
Interest expense (198,202) (219,190)
Income and other tax benefit (expense) 3,521 (15,186)
Income from unconsolidated entities 69,085 90,626
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net   22,688
CONSOLIDATED NET INCOME 551,075 563,839
Net income (loss) attributable to noncontrolling interests (244) 729
Preferred dividends 1,313 1,313
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS or UNITHOLDERS 550,006 561,797
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:    
General Partner 477,736 480,995
Limited Partners $ 72,270 $ 80,802
BASIC AND DILUTED EARNINGS PER COMMON SHARE or UNIT:    
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.53 $ 1.55
Consolidated Net Income $ 551,075 $ 563,839
Unrealized loss on derivative hedge agreements (1,253) (14,775)
Net loss reclassified from accumulated other comprehensive loss into earnings 2,620 139,339
Currency translation adjustments 13,148 20,933
Changes in available-for-sale securities and other 689 11,891
Comprehensive income 566,279 721,227
Comprehensive income attributable to noncontrolling interests 675 729
Comprehensive income attributable to common stockholders or unitholders $ 565,604 $ 720,498