2023 SIMON® Annual Report

Simon Property Group, L.P. Consolidated Balance Sheets (Dollars in thousands, except unit amounts)

December 31, December 31, 2023 2022

ASSETS: Investmentproperties,atcost ............................................... $ 39,285,138

$ 38,326,912

17,716,788 21,568,350 1,168,991 1,000,000

16,563,749 21,763,163

Less—accumulateddepreciation............................................

Cashandcashequivalents ................................................. Short-terminvestments .................................................... Tenantreceivablesandaccruedrevenue,net................................... InvestmentinTRG,atequity................................................ InvestmentinKlépierre,atequity............................................. Investment in other unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Right-of-useassets,net.................................................... Deferredcostsandotherassets .............................................

621,628

826,126

823,540

3,049,719 1,527,872 3,540,648

3,074,345 1,561,112 3,511,263

484,073

496,930

1,117,716

1,159,293

Total assets ........................................................... $ 34,283,495 LIABILITIES: Mortgagesandunsecuredindebtedness....................................... $ 26,033,423

$ 33,011,274

$ 24,960,286

1,693,248 1,760,922

1,491,583 1,699,828

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, 325,920,522 and 326,953,791 units outstanding, respectively . . . . . . . . . Limited Partners, 48,913,717 and 47,302,958 units outstanding, respectively. . . . . . . . . . . Totalpartners’equity..................................................... Nonredeemable noncontrolling interests in properties, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total equity ...........................................................

1,842

1,997

484,861 621,601

497,953 535,736

30,595,897

29,187,383

195,949

212,239

41,106

41,435

2,981,728

3,097,089

447,494

448,076

3,470,328

3,586,600

21,321

25,052

3,491,649

3,611,652

Total liabilities and equity ............................................... $ 34,283,495

$ 33,011,274

The accompanying notes are an integral part of these statements.

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