Simon Property Group, Inc. Consolidated Balance Sheets (Dollars in thousands, except share amounts)
December 31, December 31, 2025 2024
ASSETS: Investmentproperties,atcost .............................................. Less-accumulateddepreciation............................................ Cashandcashequivalents ................................................ Tenantreceivablesandaccruedrevenue,net.................................. Investment in other unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . InvestmentinKlépierre,atequity............................................ InvestmentinTRG,atequity............................................... Right-of-useassets,net................................................... Deferredcostsandotherassets ............................................ Total assets .......................................................... LIABILITIES: Mortgagesandunsecuredindebtedness...................................... Accounts payable, accrued expenses, intangibles, and deferred revenues . . . . . . . . . . . . Cash distributions and losses in unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . Dividendpayable........................................................ Leaseliabilities.......................................................... Otherliabilities.......................................................... Total liabilities ........................................................ Commitments and contingencies Limited partners’ preferred interest in the Operating Partnership and noncontrolling redeemableinterests...................................................... Capital stock (850,000,000 total shares authorized, $0.0001 par value, 238,000,000 shares of excess common stock, 100,000,000 authorized shares of preferred stock): Series J 8 3/8 % cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of $39,847 . . . . . . . . . . . . . . . Common stock, $0.0001 par value, 511,990,000 shares authorized, 343,060,687 and 342,945,839 issued and outstanding, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Class B common stock, $0.0001 par value, 10,000 shares authorized, 8,000 issued andoutstanding ....................................................... Capitalinexcessofparvalue .............................................. Accumulateddeficit...................................................... EQUITY: Stockholders’ Equity Accumulatedothercomprehensiveloss....................................... Common stock held in treasury, at cost, 17,844,817 and 16,675,701 shares, respectively........................................................... Totalstockholders’equity ................................................ Noncontrollinginterests...................................................... Total equity .......................................................... Total liabilities and equity ..............................................
$ 50,946,067
$ 40,242,392
20,701,510 30,244,557
19,047,078 21,195,314 1,400,345
823,147 934,077
796,513
4,362,339 1,505,377
2,670,739 1,384,267 3,069,297
—
755,934
519,607
1,981,035
1,369,609
$ 40,606,466
$ 32,405,691
$ 28,430,175
$ 24,264,495
1,954,402 1,739,418
1,712,465 1,680,431
2,723
2,410
756,539
520,283 626,155
1,017,816 33,901,073
28,806,239
233,306
184,729
40,451
40,778
33
33
—
—
12,347,192 (4,608,136)
11,583,051 (6,382,515)
(251,361)
(193,026)
(2,319,911) 5,208,268 1,263,819 6,472,087
(2,106,396) 2,941,925
472,798
3,414,723
$ 40,606,466
$ 32,405,691
The accompanying notes are an integral part of these statements.
89
Powered by FlippingBook