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)
13. Quarterly Financial Data (Unaudited) Quarterly 2025 and 2024 data is summarized in the table below. Quarterly amounts may not sum to annual amounts due to rounding. First Second Third Fourth Quarter Quarter Quarter Quarter 2025 Totalrevenue........................ $ 1,473,012 $ 1,498,459 $ 1,601,572 $ 1,791,462 Operating income before other items . . . . . 727,616 744,197 812,914 890,669 Consolidated net income. . . . . . . . . . . . . . . 477,860 643,681 702,696 3,539,882 Simon Property Group, Inc. Net income attributable to common stockholders ....................... $ 413,699 $ 556,133 $ 606,174 $ 3,048,269 Net income per share — Basic and Diluted............................ $ 1.27 $ 1.70 $ 1.86 $ 9.35
Weighted average shares outstanding — Basic and Diluted ................... Simon Property Group, L.P. Net income attributable to unitholders .... Net income per unit — Basic and Diluted............................ Weighted average units outstanding — Basic and Diluted ...................
326,313,432
326,487,253
326,485,607
326,180,391
$ 478,026 $ 642,529 $
700,339 $ 3,533,907
$
1.27 $
1.70 $
1.86 $
9.35
377,052,997
377,201,275
377,199,372
380,219,062
2024 Total revenue . . . . . . . . . . . . . . . . . . . . . . . . $ 1,442,590 $ 1,458,266 $ 1,480,710 $ 1,582,232 Operating income before other items . . . . . 735,180 754,101 767,769 835,746 Consolidated net income. . . . . . . . . . . . . . . 841,155 569,435 546,671 771,760 Simon Property Group, Inc. Net income attributable to common stockholders ....................... $ 731,702 $ 493,465 $ 475,161 $ 667,231 Net income per share — Basic and Diluted............................ $ 2.25 $ 1.51 $ 1.46 $ 2.04
Weighted average shares outstanding — Basic and Diluted ...................
325,911,525
326,038,544
326,157,686
326,278,138
Simon Property Group, L.P. Net income attributable to unitholders . . . . $ 841,359 $ 567,384 $
546,479 $ 770,543
Net income per unit — Basic and Diluted. . $ Weighted average units outstanding — Basic and Diluted ...................
2.25 $
1.51 $
1.46 $
2.04
374,754,605
374,882,354
375,097,198
376,990,586
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