Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Significant Accounting Policies |
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| Schedule of fair value measurements, recurring and nonrecurring |
| | | | | | | | | | | | | Description | | June 30, 2026 | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Other Unobservable Inputs (Level 3) | Assets: | | | | | | | | | | | | | Deferred costs and other assets | | $ | 55,507 | | $ | 38,427 | | $ | 17,080 | | $ | - | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Other Liabilities | | $ | 81,820 | | $ | - | | $ | 10,741 | | $ | 71,079 |
| | | | | | | | | | | | | Description | | December 31, 2025 | | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Other Unobservable Inputs (Level 3) | Assets: | | | | | | | | | | | | | Deferred costs and other assets | | $ | 36,348 | | $ | 33,687 | | $ | 2,661 | | $ | - | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | Other Liabilities | | $ | 218,372 | | $ | - | | $ | 13,259 | | $ | 205,113 | | | | | | | | | | | | | |
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| Schedule of carrying amount of noncontrolling interests |
| | | | | | | | | As of | | As of | | | June 30, | | December 31, | | | 2026 | | 2025 | Limited partners’ interests in the Operating Partnership | | $ | 758,156 | | $ | 884,913 | Nonredeemable noncontrolling interests in properties, net | | | 382,128 | | | 378,906 | Total noncontrolling interests reflected in equity | | $ | 1,140,284 | | $ | 1,263,819 |
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| Schedule of reclassifications out of accumulated other comprehensive income (loss) |
| | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | | June 30, | | June 30, | | | | | | | | | | | | | | | | Affected line item where | | | 2026 | | 2025 | | 2026 | | 2025 | | net income is presented | | | | | | | | | | | | | | | | Accumulated derivative gains, net | | $ | 1,706 | | $ | 1,455 | | $ | 3,412 | | $ | 2,910 | | Interest expense | | | | (251) | | | (195) | | | (502) | | | (391) | | Net income attributable to noncontrolling interests | | | $ | 1,455 | | $ | 1,260 | | $ | 2,910 | | $ | 2,519 | | |
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| Schedule of interest rate derivatives |
As of June 30, 2026, we had the following outstanding interest rate derivatives related to managing our interest rate risk: | | | | | | | | Number of | | Notional | Interest Rate Derivative | | Instruments | | Amount | Interest Rate Swaps | | 10 | | $ | 2.1 billion | Interest Rate Caps | | 1 | | $ | 85.0 million | Interest Rate Swaps | | 3 | | € | 225.4 million | Interest Rate Caps | | 1 | | € | 94.1 million |
As of December 31, 2025, we had the following outstanding interest rate derivatives related to managing our interest rate risk: | | | | | | | | | Number of | | Notional | | Interest Rate Derivative | | Instruments | | Amount | | Interest Rate Swaps | | 7 | | $ | 2.2 billion | | Interest Rate Caps | | 1 | | $ | 85.0 million | | Interest Rate Swaps | | 3 | | € | 541.7 million | | Interest Rate Caps | | 3 | | € | 178.8 million | |
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| Schedule of Euro: USD forward contracts |
We had the following Euro:USD forward contracts designated as net investment hedges at June 30, 2026 and December 31, 2025 (in millions): | | | | | | | | | | | | | | Asset (Liability) Value as of | | | | | June 30, | | December 31, | Notional Value | | Maturity Date | | 2026 | | 2025 | € | 125.0 | | January 15, 2026 | | | — | | | 0.3 | € | 125.0 | | January 15, 2026 | | | — | | | 0.3 | € | 50.5 | | February 18, 2026 | | | — | | | (0.4) | € | 50.0 | | March 16, 2026 | | | — | | | 0.1 | € | 50.0 | | May 15, 2026 | | | — | | | 0.1 | € | 100.0 | | July 8, 2026 | | | 3.1 | | | — | € | 50.0 | | July 15, 2026 | | | 2.1 | | | 0.1 | € | 75.0 | | July 15, 2026 | | | 1.2 | | | — | € | 15.0 | | July 15, 2026 | | | 0.4 | | | — | € | 100.0 | | August 14,2026 | | | 3.2 | | | — | € | 100.0 | | January 15, 2027 | | | 4.1 | | | 0.3 | € | 79.0 | | March 15, 2027 | | | (0.4) | | | — | € | 75.0 | | June 14, 2027 | | | (0.4) | | | — |
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| Schedule of key inputs into the option model for the exchange option within the exchangeable bonds |
| | | | | | | | | June 30, 2026 | | December 31, 2025 | Klépierre stock price | | € | 36.54 | | € | 33.74 | Implied volatility | | | 19.62% | | | 17.78% | EUR risk-free rate | | | 2.39% | | | 2.04% | Klépierre expected dividend yield | | | 4.68% | | | 5.06% | Expected term | | | 0.37 years | | | 0.87 years | Credit Spread | | | 0.15% | | | 0.45% |
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| Simon Property Group, L.P |
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| Significant Accounting Policies |
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| Schedule of reclassifications out of accumulated other comprehensive income (loss) |
| | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | | June 30, | | June 30, | | | | | | | | | | | | | | | | Affected line item where | | | 2026 | | 2025 | | 2026 | | 2025 | | net income is presented | | | | | | | | | | | | | | | | Accumulated derivative gains, net | | $ | 1,706 | | $ | 1,455 | | $ | 3,412 | | $ | 2,910 | | Interest expense |
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