Per Share and Per Unit Data

9 Months Ended

Sep. 30, 2022

Per Share and Per Unit Data

Per Share and Per Unit Data

5. Per Share and Per Unit Data

We determine basic earnings per share and basic earnings per unit based on the weighted average number of shares of common stock or units, as applicable, outstanding during the period and we consider any participating securities for purposes of applying the two-class method. We determine diluted earnings per share and diluted earnings per unit based on the weighted average number of shares of common stock or units, as applicable, outstanding combined with the incremental weighted average number of shares or units, as applicable, that would have been outstanding assuming all potentially dilutive securities were converted into shares of common stock or units, as applicable, at the earliest date possible. The following tables set forth the components of basic and diluted earnings per share and basic and diluted earnings per unit.

Simon

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Net Income attributable to Common Stockholders — Basic and Diluted	$	539,038	$	679,936	$	1,462,412	$	1,743,053
Weighted Average Shares Outstanding — Basic and Diluted		327,286,003		328,619,163		328,107,491		328,576,315

For the nine months ended September 30, 2022, potentially dilutive securities include units that are exchangeable for common stock and long-term incentive performance units, or LTIP units, granted under our long-term incentive performance programs that are convertible into units and exchangeable for common stock. No securities had a material dilutive effect for the nine months ended September 30, 2022 and 2021. We have not adjusted net income attributable to common stockholders and weighted average shares outstanding for income allocable to limited partners or units, respectively, as doing so would have no dilutive impact. We accrue dividends when they are declared.  

The Operating Partnership

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2022		2021		2022		2021
Net Income attributable to Unitholders — Basic and Diluted	$	616,918	$	777,740	$	1,673,200	$	1,993,913
Weighted Average Units Outstanding — Basic and Diluted		374,589,771		375,882,318		375,400,082		375,864,921

For the nine months ended September 30, 2022, potentially dilutive securities include LTIP units. No securities had a material dilutive effect for the nine months ended September 30, 2022 and 2021. We accrue distributions when they are declared.