Equity (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests		532,768		522,203
Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$	558,305	$	547,740

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 Performance-Based Awards
2019 LTIP program	72,442	$9.5 million	$14.7 million
2021 LTIP program	To be determined in 2024	$5.7 million	$12.2 million
2022 LTIP program	To be determined in 2025	—	$13.7 million

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,
	2022		2021
7.50% Cumulative Redeemable Preferred Units, 260,000 units authorized, 255,373 issued and outstanding	$	25,537	$	25,537
Other noncontrolling redeemable interests		532,768		522,203
Total preferred units, at liquidation value, and noncontrolling redeemable interests in properties	$	558,305	$	547,740