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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE:    
Lease income $ 1,207,867 $ 1,145,058
Management fees and other revenues 27,587 25,296
Other income 60,468 69,597
Total revenue 1,295,922 1,239,951
EXPENSES:    
Property operating 103,664 86,619
Depreciation and amortization 310,163 315,738
Real estate taxes 111,691 116,012
Repairs and maintenance 22,304 21,355
Advertising and promotion 25,263 29,486
Home and regional office costs 52,197 35,999
General and administrative 7,833 6,576
Other 42,416 23,554
Total operating expenses 675,531 635,339
Operating Income Before Other Items 620,391 604,612
Interest expense (185,159) (202,016)
Loss on extinguishment of debt   (2,959)
Income and other tax benefit 1,435 5,898
Income from unconsolidated entities 81,184 15,069
Unrealized losses in fair value of equity instruments (31,032) (3,201)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 1,491 93,057
Net Income 488,310 510,460
Net (loss) income attributable to noncontrolling interests 60,846 63,766
Preferred dividends 834 834
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 426,630 $ 445,860
BASIC AND DILUTED EARNINGS PER COMMON SHARE:    
Net income attributable to common stockholders - basic (in dollars per share) $ 1.30 $ 1.36
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.30 $ 1.36
Consolidated Net Income $ 488,310 $ 510,460
Unrealized gain on derivative hedge agreements 16,833 35,847
Net gain reclassified from accumulated other comprehensive loss into earnings (387) (6,143)
Currency translation adjustments 1,305 (23,883)
Changes in available-for-sale securities and other (521) (316)
Comprehensive income 505,540 515,965
Comprehensive income (loss) attributable to noncontrolling interests 62,982 64,462
Comprehensive income attributable to common stockholders 442,558 451,503
Simon Property Group, L.P.    
REVENUE:    
Lease income 1,207,867 1,145,058
Management fees and other revenues 27,587 25,296
Other income 60,468 69,597
Total revenue 1,295,922 1,239,951
EXPENSES:    
Property operating 103,664 86,619
Depreciation and amortization 310,163 315,738
Real estate taxes 111,691 116,012
Repairs and maintenance 22,304 21,355
Advertising and promotion 25,263 29,486
Home and regional office costs 52,197 35,999
General and administrative 7,833 6,576
Other 42,416 23,554
Total operating expenses 675,531 635,339
Operating Income Before Other Items 620,391 604,612
Interest expense (185,159) (202,016)
Loss on extinguishment of debt   (2,959)
Income and other tax benefit 1,435 5,898
Income from unconsolidated entities 81,184 15,069
Unrealized losses in fair value of equity instruments (31,032) (3,201)
Gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net 1,491 93,057
Net Income 488,310 510,460
Net (loss) income attributable to noncontrolling interests (996) (938)
Preferred dividends 1,313 1,313
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 487,993 510,085
NET INCOME ATTRIBUTABLE TO UNITHOLDERS ATTRIBUTABLE TO:    
General Partner 426,630 445,860
Limited Partners $ 61,363 $ 64,225
BASIC AND DILUTED EARNINGS PER COMMON SHARE:    
Net income attributable to common stockholders - basic (in dollars per share) $ 1.30 $ 1.36
Net income attributable to common stockholders - diluted (in dollars per share) $ 1.30 $ 1.36
Consolidated Net Income $ 488,310 $ 510,460
Unrealized gain on derivative hedge agreements 16,833 35,847
Net gain reclassified from accumulated other comprehensive loss into earnings (387) (6,143)
Currency translation adjustments 1,305 (23,883)
Changes in available-for-sale securities and other (521) (316)
Comprehensive income 505,540 515,965
Comprehensive income (loss) attributable to noncontrolling interests 273 (41)
Comprehensive income attributable to common stockholders $ 505,267 $ 516,006