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)
The following table reconciles our reportable segment to net income:
All other & eliminations,
Real estate 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
658,425 409,124 103,030 147,891 60,391
(128,672)
529,753 408,641 105,020 144,551 148,859
(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 derivative instrument,net .................................................... Loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment, net . . . . . . . . . . . . . . . . . . . . Otherexpense......................................................
451,172 207,322
1,265,340 223,277 44,743 905,797 23,262
17,392
75,818
818
Consolidated net income ...............................................
$ 2,729,021
137
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