2023 SIMON® Annual Report

United States Lease Expirations The following table summarizes lease expiration data for our U.S. malls and Premium Outlets, including Puerto Rico, as of December 31, 2023. The data presented does not consider the impact of renewal options that may be contained in leases and excludes data related to TRG. U.S. MALLS AND PREMIUM OUTLETS LEASE EXPIRATIONS (1) Avg. Base Percentage of Gross Number of Minimum Rent Annual Rental Year Leases Expiring Square Feet PSF at 12/31/2023 Revenues (2) Inline Stores and Freestanding MonthtoMonthLeases................. 1,411 4,689,200 $ 63.14 5.2 % 2024 ............................... 3,138 11,781,465 $ 54.56 11.5 % 2025 ............................... 2,577 9,630,540 $ 60.72 10.4 % 2026 ............................... 2,243 9,209,816 $ 58.29 8.4 % 2027 ............................... 1,667 6,621,308 $ 65.39 7.7 % 2028 ............................... 1,403 6,387,151 $ 66.90 7.5 % 2029 ............................... 966 4,428,365 $ 71.40 5.4 % 2030 ............................... 608 2,760,369 $ 82.26 3.9 % 2031 ............................... 345 1,853,682 $ 72.84 2.3 % 2032 ............................... 456 1,699,419 $ 94.63 2.9 % 2033 ............................... 504 1,919,460 $ 90.27 3.1 % 2034andThereafter................... 605 2,653,437 $ 58.21 2.5 %

Specialty Leasing Agreements w/ terms in excessof12months ................. Anchors MonthtoMonthLeases................. 2024 ............................... 2025 ............................... 2026 ............................... 2027 ............................... 2028 ............................... 2029 ............................... 2030 ............................... 2031 ............................... 2032 ............................... 2033 ............................... 2034andThereafter...................

2,313

6,194,556 $

16.98

1.9 %

2 7

263,650 $ 842,303 $ 1,641,383 $ 1,765,292 $ 1,765,268 $ 1,986,210 $ 1,021,244 $ 865,476 $ 427,004 $ 282,245 $ 1,028,383 $ 2,621,296 $

2.52 5.63 6.49 5.52 5.32 5.73 8.10

0.0 % 0.1 % 0.2 % 0.2 % 0.2 % 0.2 % 0.2 % 0.1 % 0.0 % 0.1 % 0.2 % 0.6 %

17 17 13 16 12

9 5 4 7

11.00 14.53 25.21 8.48 16.39

(1) Does not consider the impact of renewal options that may be contained in leases. Average Base Minimum Rent psf reflects base minimum rent in the respective year of expiration. (2) Annual rental revenues represent domestic 2023 consolidated and joint venture combined base rental revenue. International Properties Our ownership interests in properties outside the United States are primarily owned through joint venture arrangements. With the exception of our Premium Outlets in Canada, all of our international properties are managed by related parties. European Investments At December 31, 2023, we owned 63,924,148 shares, or approximately 22.4%, of Klépierre, which had a quoted market price of $27.24 per share. Klépierre is a publicly traded, Paris-based real estate company, which owns, or has an interest in shopping centers located in 14 countries. As of December 31, 2023, we had a controlling interest in a European investee with interests in 12 Designer Outlet properties. 11 of the outlet properties are located in Europe and one outlet property is located in Canada. Of the 11 properties in Europe, two are in Italy, two are in the Netherlands, two are in the United Kingdom, two are in France and one each is in Austria, Germany, and Spain. As of December 31, 2023, our legal percentage ownership interests in these entities ranged from 23% to 94%.