Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Significant Accounting Policies

Schedule of investment properties

	2019		2018
Land	$	3,692,056	$	3,673,023
Buildings and improvements		33,664,683		32,994,937
Total land, buildings and improvements		37,356,739		36,667,960
Furniture, fixtures and equipment		447,756		424,710
Investment properties at cost		37,804,495		37,092,670
Less — accumulated depreciation		13,905,776		12,884,539
Investment properties at cost, net	$	23,898,719	$	24,208,131
Construction in progress included above	$	812,982	$	561,556

Schedule of interest capitalized

	For the Year Ended
	December 31,
		2019		2018		2017
Capitalized interest	$	33,342	$	19,871	$	24,754

Schedule of deferred costs and other assets

	2019		2018
Deferred lease costs, net	$	209,277	$	249,010
In-place lease intangibles, net		31,417		65,825
Acquired above market lease intangibles, net		44,337		64,813
Marketable securities of our captive insurance companies		52,760		40,099
Goodwill		20,098		20,098
Other marketable and non-marketable securities		363,554		253,732
Prepaids, notes receivable and other assets, net		492,582		516,463
	$	1,214,025	$	1,210,040

Schedule of deferred lease costs

	2019		2018
Deferred lease costs	$	443,313	$	497,570
Accumulated amortization		(234,036)		(248,560)
Deferred lease costs, net	$	209,277	$	249,010

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

	For the Year Ended December 31,
	2019		2018		2017
Amortization of deferred leasing costs	$	57,201	$	56,646	$	54,323

Schedule of intangible assets

	2019		2018
In-place lease intangibles	$	196,007	$	291,613
Accumulated amortization		(164,590)		(225,788)
In-place lease intangibles, net	$	31,417	$	65,825
	2019		2018
Acquired above market lease intangibles	$	252,934	$	253,973
Accumulated amortization		(208,597)		(189,160)
Acquired above market lease intangibles, net	$	44,337	$	64,813

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

	Below		Above		Impact to
	Market		Market		Lease
	Leases		Leases		Income, Net
2020	$	16,943	$	(15,642)	$	1,301
2021		7,970		(10,226)		(2,256)
2022		5,348		(7,421)		(2,073)
2023		4,063		(5,388)		(1,325)
2024		3,151		(3,645)		(494)
Thereafter		7,302		(2,015)		5,287
	$	44,777	$	(44,337)	$	440

Schedule of Euro:USD forward contracts

			Asset (Liability) Value as of
			December 31,		December 31,
Notional Value		Maturity Date	2019		2018
€	50.0	May 15, 2019		—		(0.8)
€	50.0	March 20, 2020		(0.5)		—
€	50.0	March 20, 2020		(0.5)		—
€	50.0	March 20, 2020		(0.5)		—
€	50.0	May 15, 2020		1.5		(1.5)
€	100.0	June 18, 2020		(0.6)		—
€	90.0	June 18, 2020		(0.5)		—
€	100.0	December 18, 2020		(0.6)		—
€	100.0	December 18, 2020		(0.6)		—
€	50.0	May 14, 2021		1.3		(2.0)

Schedule of carrying amount of noncontrolling interests

	2019		2018
Limited partners’ interests in the Operating Partnership	$	378,339	$	492,877
Nonredeemable noncontrolling interests in properties, net		6,513		7,398
Total noncontrolling interests reflected in equity	$	384,852	$	500,275

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

							Affected line item where
	2019		2018		2017		net income is presented
Accumulated derivative losses, net	$	(2,782)	$	(7,020)	$	(9,419)	Interest expense
		(10,852)		—		—	Loss on extinguishment of debt
		1,802		923		1,233	Net income attributable to noncontrolling interests
	$	(11,832)	$	(6,097)	$	(8,186)
Realized gain on sale of marketable securities	$	—	$	—	$	21,541	Other income
		—		—		(2,820)	Net income attributable to noncontrolling interests
	$	—	$	—	$	18,721

Simon Property Group, L.P.

Significant Accounting Policies

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

							Affected line item where
	2019		2018		2017		net income is presented
Accumulated derivative losses, net	$	(2,782)	$	(7,020)	$	(9,419)	Interest expense
		(10,852)		—		—	Loss on extinguishment of debt
	$	(13,634)	$	(7,020)	$	(9,419)
Realized gain on sale of marketable securities	$	—	$	—	$	21,541	Other income