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)
For the Year Ended December 31, 2024 All other & Real estate eliminations, segment net Consolidated
For the period ended December 31, 2024: Income: LeaseIncome................................................. $ 5,402,306 $
(12,546) $ 5,389,760
Managementfeesandotherrevenues.............................. OtherIncome................................................. Total....................................................... Expenses: PropertyOperating............................................. Realestatetaxes.............................................. Repairsandmaintenance........................................ Advertisingandpromotion ....................................... Other ....................................................... Total.......................................................
—
133,250 300,779 421,483
133,250 440,788
140,009
5,542,315
5,963,798
658,425 $
(128,672) $
529,753 408,641 105,020 144,551 148,859
409,124 103,030 147,891 60,391
(483)
1,990 (3,340) 88,468 (42,037)
1,378,861
1,336,824
NOI of consolidated entities ...................................... $ 4,163,454 $
463,520 $ 4,626,974
Other Income: Gain due to disposal, exchange, or revaluation of equity interests, net . . . . . Incomefromunconsolidatedentities ............................... Other Expenses: Depreciationandamortization .................................... Homeandregionalofficecosts ................................... Generalandadministrative....................................... Interestexpense............................................... Incomeandothertaxexpense.................................... Unrealized losses in fair value of publicly traded equity instruments and derivativeinstrument,net ...................................... Loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment,net.............................................. Other expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Consolidated Net Income ........................................
451,172 207,322
1,265,340 223,277 44,743 905,797 23,262
17,392
75,818
818
$ 2,729,021
140
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