2025 SIMON® Annual Report

Exhibit 21.1

List of Subsidiaries of Simon Property Group, Inc.

Subsidiary

Jurisdiction

Simon Property Group, L.P. The Retail Property Trust Simon Property Group (Illinois), L.P. Simon Property Group (Texas), L.P. M.S. Management Associates, Inc. Kravco Simon Investments, L.P. Premium Outlet Partners, L.P.

Indiana

Massachusetts

Illinois Texas

Delaware Delaware

Simon Property Group Administrative Services Partnership, L.P.

Pennsylvania Delaware Delaware Delaware Delaware Netherlands Luxembourg Luxembourg

SPG Mayflower, LLC

The Simon Realty Group, LLC

Simon Services, Inc.

Simon Global Development B.V. Simon MAC S.a.r.l. Simon International S.a.r.l.

List of Subsidiaries of Simon Property Group, L.P.

Subsidiary

Jurisdiction Massachusetts

The Retail Property Trust

Simon Property Group (Illinois), L.P. Simon Property Group (Texas), L.P. M.S. Management Associates, Inc. Kravco Simon Investments, L.P. Premium Outlet Partners, L.P.

Illinois Texas

Delaware Delaware

Simon Property Group Administrative Services Partnership, L.P.

Pennsylvania Delaware Delaware Delaware Delaware Netherlands Luxembourg Luxembourg

SPG Mayflower, LLC

The Simon Realty Group, LLC

Simon Services, Inc.

Simon Global Development B.V. Simon MAC S.a.r.l. Simon International S.a.r.l.

Omits names of subsidiaries that as of December 31, 2025 were not, in the aggregate, “significant subsidiaries.”

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