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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE:    
Lease income $ 1,262,232 $ 1,280,058
Management fees and other revenues 29,166 27,544
Other income 61,962 145,232
Total revenue 1,353,360 1,452,834
EXPENSES:    
Property operating 105,624 111,549
Depreciation and amortization 328,262 328,643
Real estate taxes 117,543 115,459
Repairs and maintenance 24,431 27,922
Advertising and promotion 33,527 37,125
Home and regional office costs 54,370 52,560
General and administrative 6,894 9,136
Other 27,840 25,419
Total operating expenses 698,491 707,813
OPERATING INCOME BEFORE OTHER ITEMS 654,869 745,021
Interest expense (187,627) (198,733)
Income and other tax benefit (expense) 5,783 (10,102)
Income from unconsolidated entities 50,465 90,444
Unrealized (losses) gains in fair value of equity instruments (19,048) 5,317
Gain on sale or disposal of assets and interests in unconsolidated entities, net 962  
CONSOLIDATED NET INCOME 505,404 631,947
Net income attributable to noncontrolling interests 66,965 82,638
Preferred dividends 834 834
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 437,605 $ 548,475
BASIC AND DILUTED EARNINGS PER COMMON SHARE OR UNIT:    
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.43 $ 1.78
Consolidated Net Income $ 505,404 $ 631,947
Unrealized gain on derivative hedge agreements 22,473 9,342
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings (480) 1,088
Currency translation adjustments (23,604) (4,744)
Changes in available-for-sale securities and other 824 144
Comprehensive income 504,617 637,777
Comprehensive income attributable to noncontrolling interests 66,874 83,411
Comprehensive income attributable to common stockholders or unitholders 437,743 554,366
Simon Property Group, L.P.    
REVENUE:    
Lease income 1,262,232 1,280,058
Management fees and other revenues 29,166 27,544
Other income 61,962 145,232
Total revenue 1,353,360 1,452,834
EXPENSES:    
Property operating 105,624 111,549
Depreciation and amortization 328,262 328,643
Real estate taxes 117,543 115,459
Repairs and maintenance 24,431 27,922
Advertising and promotion 33,527 37,125
Home and regional office costs 54,370 52,560
General and administrative 6,894 9,136
Other 27,840 25,419
Total operating expenses 698,491 707,813
OPERATING INCOME BEFORE OTHER ITEMS 654,869 745,021
Interest expense (187,627) (198,733)
Income and other tax benefit (expense) 5,783 (10,102)
Income from unconsolidated entities 50,465 90,444
Unrealized (losses) gains in fair value of equity instruments (19,048) 5,317
Gain on sale or disposal of assets and interests in unconsolidated entities, net 962  
CONSOLIDATED NET INCOME 505,404 631,947
Net income attributable to noncontrolling interests (172) (917)
Preferred dividends 1,313 1,313
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 504,263 631,551
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:    
General Partner 437,605 548,475
Limited Partners $ 66,658 $ 83,076
BASIC AND DILUTED EARNINGS PER COMMON SHARE OR UNIT:    
Net income attributable to common stockholders or unitholders (in dollars per share or unit) $ 1.43 $ 1.78
Consolidated Net Income $ 505,404 $ 631,947
Unrealized gain on derivative hedge agreements 22,473 9,342
Net (gain) loss reclassified from accumulated other comprehensive loss into earnings (480) 1,088
Currency translation adjustments (23,604) (4,744)
Changes in available-for-sale securities and other 824 144
Comprehensive income 504,617 637,777
Comprehensive income attributable to noncontrolling interests 436 148
Comprehensive income attributable to common stockholders or unitholders $ 504,181 $ 637,629