Simon Property Group, L.P. Consolidated Balance Sheets (Dollars in thousands, except unit amounts)
December 31, December 31, 2024 2023
ASSETS: Investmentproperties,atcost ............................................... Less—accumulateddepreciation............................................ Cashandcashequivalents ................................................. Short-terminvestments .................................................... Tenantreceivablesandaccruedrevenue,net................................... InvestmentinTRG,atequity................................................ InvestmentinKlépierre,atequity............................................. Investment in other unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . Distributionpayable....................................................... Leaseliabilities........................................................... Otherliabilities........................................................... Total liabilities ......................................................... Commitments and contingencies Preferred units, various series, at liquidation value, and noncontrolling redeemable interests . . EQUITY: Partners’ Equity Preferred units, 796,948 units outstanding. Liquidation value of $39,847 . . . . . . . . . . . . . . General Partner, 326,278,138 and 325,920,522 units outstanding, respectively . . . . . . . . . Limited Partners, 50,759,627 and 48,913,717 units outstanding, respectively. . . . . . . . . . . Totalpartners’equity..................................................... Nonredeemable noncontrolling interests in properties, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total equity ........................................................... Total liabilities and equity ...............................................
$ 40,242,392
$ 39,285,138
19,047,078 21,195,314 1,400,345
17,716,788 21,568,350 1,168,991 1,000,000
—
796,513
826,126
3,069,297 1,384,267 2,670,739
3,049,719 1,527,872 3,540,648
519,607
484,073
1,369,609
1,117,716
$ 32,405,691
$ 34,283,495
$ 24,264,495
$ 26,033,423
1,712,465 1,680,431
1,693,248 1,760,922
2,410
1,842
520,283 626,155
484,861 621,601
28,806,239
30,595,897
184,729
195,949
40,778
41,106
2,901,147
2,981,728
451,339
447,494
3,393,264
3,470,328
21,459
21,321
3,414,723
3,491,649
$ 32,405,691
$ 34,283,495
The accompanying notes are an integral part of these statements.
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