Equity (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018		2017
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		176,143		164,943
Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$	201,680	$	190,480

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

LTIP Program	LTIP Units Earned	Grant Date Fair Value of TSR Award	Grant Date Target Value of FFO-Based Award
2013-2015 LTIP program	466,405	$28.5 million	—
2014-2016 LTIP program	120,314	$27.5 million	—
2015-2017 LTIP program	—	$25.1 million	—
2016-2018 LTIP program	To be determined in 2019	$26.3 million	—
2018 LTIP program - Tranche A	To be determined in 2020	$6.25 million	$6.25 million
2018 LTIP program - Tranche B	To be determined in 2021	$6.25 million	$6.25 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, 2018	$	43,077	$	32	$	(110,453)	$	9,614,748	$	(4,782,173)	$	(1,079,063)	$	552,596	$	4,238,764
Exchange of limited partner units for common shares								70						(70)		—
Treasury stock purchase												(227,901)				(227,901)
Redemption of limited partner units								(5,793)						(474)		(6,267)
LTIP units														8,307		8,307
Cumulative effect of accounting change										7,264						7,264
Purchase and disposition of noncontrolling interests, net and other		(83)						2,026		(14,935)		(239)		24		(13,207)
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership								36,221						(36,221)		—
Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests										(606,086)				(91,523)		(697,609)
Distributions to other noncontrolling interest partners														(489)		(489)
Comprehensive income, excluding $479 attributable to preferred interests in the Operating Partnership and a $619 loss attributable to noncontrolling redeemable interests in properties						7,706				621,488				95,280		724,474
March 31, 2018	$	42,994	$	32	$	(102,747)	$	9,647,272	$	(4,774,442)	$	(1,307,203)	$	527,430	$	4,033,336

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,
	2018		2017
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		176,143		164,943
Total preferred units, at liquidation value, and noncontrolling redeemable interests in properties	$	201,680	$	190,480

Reconciliation of carrying amounts of equity

	Preferred		Simon (Managing		Limited		Noncontrolling		Total
	Units		General Partner)		Partners		interests		Equity
January 1, 2018	$	43,077	$	3,643,091	$	548,858	$	3,738	$	4,238,764
Limited partner units exchanged to units				70		(70)				—
Treasury unit purchase				(227,901)						(227,901)
Redemption of limited partner units				(5,793)		(474)				(6,267)
LTIP Units						8,307				8,307
Cumulative effect of accounting change				7,264						7,264
Purchase and disposition of noncontrolling interests, net and other		(83)		(13,148)				24		(13,207)
Adjustment to limited partners’ interest from change in ownership in the Operating Partnership				36,221		(36,221)				—
Distributions to limited partners, excluding preferred interests classified as temporary equity		(834)		(605,252)		(91,523)		(489)		(698,098)
Comprehensive income, excluding $479 attributable to preferred interests in the Operating Partnership and a $619 loss attributable to noncontrolling redeemable interests in properties		834		628,360		94,753		527		724,474
March 31, 2018	$	42,994	$	3,462,912	$	523,630	$	3,800	$	4,033,336