2022 SIMON® Annual Report

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

December 31, December 31, 2022 2021

ASSETS: Investmentproperties,atcost ................................................ $ 38,326,912 $ 37,932,366 Less—accumulateddepreciation............................................. 16,563,749 15,621,127 21,763,163 22,311,239 Cashandcashequivalents .................................................. 621,628 533,936 Tenantreceivablesandaccruedrevenue,net.................................... 823,540 919,654 InvestmentinTRG,atequity................................................. 3,074,345 3,305,102 InvestmentinKlépierre,atequity.............................................. 1,561,112 1,661,943 Investment in other unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,511,263 3,075,375 Right-of-useassets,net..................................................... 496,930 504,119 Investments held in trust - special purpose acquisition company. . . . . . . . . . . . . . . . . . . . . . — 345,000 Deferredcostsandotherassets .............................................. 1,159,293 1,121,011 Total assets ............................................................ $ 33,011,274 $ 33,777,379 LIABILITIES: Mortgagesandunsecuredindebtedness........................................ $ 24,960,286 $ 25,321,022 Accounts payable, accrued expenses, intangibles, and deferred revenues . . . . . . . . . . . . . . 1,491,583 1,433,216 Cash distributions and losses in unconsolidated entities, at equity . . . . . . . . . . . . . . . . . . . . 1,699,828 1,573,105 Distributionpayable........................................................ 1,997 1,468 Leaseliabilities............................................................ 497,953 506,931 Otherliabilities............................................................ 535,736 540,912 Total liabilities .......................................................... 29,187,383 29,376,654 Commitments and contingencies Preferred units, various series, at liquidation value, and noncontrolling redeemable interests . . 212,239 547,740 EQUITY: Partners’ Equity Preferred units, 796,948 units outstanding. Liquidation value of $39,847 . . . . . . . . . . . . . . . 41,435 41,763 General Partner, 326,953,791 and 328,619,625 units outstanding, respectively . . . . . . . . . . 3,097,089 3,319,689 Limited Partners, 47,302,958 and 47,247,936 units outstanding, respectively. . . . . . . . . . . . 448,076 477,292 Totalpartners’equity...................................................... 3,586,600 3,838,744 Nonredeemable noncontrolling interests in properties, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,052 14,241 Total equity ............................................................ 3,611,652 3,852,985 Total liabilities and equity ................................................ $ 33,011,274 $ 33,777,379 The accompanying notes are an integral part of these statements.