2025 SIMON® Annual Report

Simon Property Group, Inc. Simon Property Group, L.P. Notes to Consolidated Financial Statements (Dollars in thousands, except share, per share, unit and per unit amounts and where indicated as in millions or billions)

Net income attributable to noncontrolling interests (which includes nonredeemable and redeemable noncontrolling interests in consolidated properties) is a component of consolidated net income.

Accumulated Other Comprehensive Income (Loss) Simon The total accumulated other comprehensive income (loss) related to Simon’s currency translation adjustment was ($278.3) million, ($250.2) million and ($221.6) million as of December 31, 2025, 2024 and 2023, respectively. The reclassifications out of accumulated other comprehensive income (loss) consisted of the following as of December 31: For the Year Ended December 31, Affected line item where 2025 2024 2023 net income is presented Currency translation adjustments . . . . . $ (15,847) $ — $ — Gain (loss) on acquisition of

controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net

2,317

—

— Net income attributable to noncontrolling interests

(13,530) $

$

— $

—

6,195

Accumulated derivative gains, net. . . . . $

$

5,623 $

4,084 Interest expense

(906)

(757)

(533) Net income attributable to noncontrolling interests

5,289

$

$

4,866 $

3,551

The Operating Partnership The total accumulated other comprehensive income (loss) related to the Operating Partnership’s currency translation adjustment was ($326.0) million, ($289.1) million and ($254.9) million as of December 31, 2025, 2024 and 2023, respectively. The reclassifications out of accumulated other comprehensive income (loss) consisted of the following as of December 31: For the Year Ended December 31, Affected line item where 2025 2024 2023 net income is presented Currency translation adjustments . . . . . $ (15,847) $ — $ — Gain (loss) on acquisition of

controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net

6,195

Accumulated derivative gains, net. . . . . $

$

5,623 $

4,084 Interest expense

110

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