Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2007-06-30 | 2007-03-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-09-30 | 2005-06-30 | 2001-09-30 | 2001-06-30 | 2001-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | |||||||||||||||||||||||||||||||||||||||||||||||
investment properties, at cost | 42,619,293,000 | 42,353,405,000 | 40,837,785,000 | 40,242,392,000 | 39,939,215,000 | 39,664,271,000 | 39,494,402,000 | 39,285,138,000 | 38,951,669,000 | 38,749,494,000 | 38,505,497,000 | 38,326,912,000 | 37,982,665,000 | 37,890,484,000 | 37,903,758,000 | 37,932,366,000 | 37,984,645,000 | 37,938,181,000 | 37,786,371,000 | 38,050,196,000 | 38,074,281,000 | 37,972,093,000 | 37,901,273,000 | 37,804,495,000 | 37,590,061,000 | 37,458,909,000 | 37,193,798,000 | 37,092,670,000 | 36,943,299,000 | 36,429,603,000 | 36,383,699,000 | 36,393,464,000 | 35,925,315,000 | 35,695,397,000 | 35,309,727,000 | 35,226,089,000 | 35,154,142,000 | 23,631,847,000 | 23,400,940,000 | 22,227,899,000 | 22,004,082,000 | 21,827,364,000 | 21,600,472 | 21,161,935 | 13,215,751,000 | 13,148,889,000 | 13,034,425,000 |
less - accumulated depreciation | 20,335,226,000 | 20,017,666,000 | 19,296,503,000 | 19,047,078,000 | 18,625,523,000 | 18,298,345,000 | 18,014,303,000 | 17,716,788,000 | 17,410,320,000 | 17,126,186,000 | 16,823,305,000 | 16,563,749,000 | 16,245,409,000 | 15,982,792,000 | 15,804,885,000 | 15,621,127,000 | 15,410,030,000 | 15,176,790,000 | 14,881,480,000 | 14,891,937,000 | 14,692,374,000 | 14,389,809,000 | 14,088,615,000 | 13,905,776,000 | 13,707,832,000 | 13,444,275,000 | 13,119,895,000 | 12,884,539,000 | 12,638,409,000 | 12,354,966,000 | 12,074,719,000 | 11,935,949,000 | 11,665,931,000 | 11,378,345,000 | 11,079,988,000 | 10,865,754,000 | 10,622,781,000 | ||||||||||
| 22,284,067,000 | 22,335,739,000 | 21,541,282,000 | 21,195,314,000 | 21,313,692,000 | 21,365,926,000 | 21,480,099,000 | 21,568,350,000 | 21,541,349,000 | 21,623,308,000 | 21,682,192,000 | 21,763,163,000 | 21,737,256,000 | 21,907,692,000 | 22,098,873,000 | 22,311,239,000 | 22,574,615,000 | 22,761,391,000 | 22,904,891,000 | 23,158,259,000 | 23,381,907,000 | 23,582,284,000 | 23,812,658,000 | 23,898,719,000 | 23,882,229,000 | 24,014,634,000 | |||||||||||||||||||||
cash and cash equivalents | 1,552,577,000 | 1,231,437,000 | 1,380,008,000 | 1,400,345,000 | 2,170,102,000 | 1,234,433,000 | 1,251,105,000 | 1,168,991,000 | 769,031,000 | 837,465,000 | 1,155,423,000 | 621,628,000 | 601,520,000 | 541,240,000 | 514,929,000 | 533,936,000 | 438,423,000 | 1,290,799,000 | 935,837,000 | 1,011,613,000 | 1,082,313,000 | 3,306,100,000 | 3,724,853,000 | 669,373,000 | 3,647,230,000 | 479,776,000 | 436,802,000 | 514,335,000 | 695,718,000 | 714,247,000 | 367,207,000 | 1,482,309,000 | 508,405,000 | 488,614,000 | 513,400,000 | 560,059,000 | 814,747,000 | 381,175,000 | 339,953,000 | 322,952,000 | 330,285,000 | 299,037,000 | 422,791 | 375,575 | 152,824,000 | 171,669,000 | 128,312,000 |
tenant receivables and accrued revenue | 819,487,000 | 777,538,000 | 779,888,000 | 796,513,000 | 767,756,000 | 793,107,000 | 793,437,000 | 826,126,000 | 757,612,000 | 738,170,000 | 779,702,000 | 823,540,000 | 794,599,000 | 828,876,000 | 819,829,000 | 919,654,000 | 935,053,000 | 952,731,000 | 1,016,902,000 | 1,236,734,000 | 1,452,295,000 | 1,457,695,000 | 793,490,000 | 832,151,000 | 775,617,000 | 736,362,000 | 733,159,000 | 763,815,000 | 722,730,000 | 681,551,000 | 686,158,000 | 742,672,000 | 686,617,000 | 640,080,000 | 621,600,000 | 664,619,000 | 626,423,000 | 324,776,000 | 339,341,000 | 312,948,000 | 307,969,000 | 323,107,000 | 306,897 | 310,606 | 269,271,000 | 279,150,000 | 257,267,000 |
investment in trg, at equity | 2,895,019,000 | 2,952,066,000 | 3,015,484,000 | 3,069,297,000 | 2,870,048,000 | 2,930,647,000 | 3,004,129,000 | 3,049,719,000 | 3,106,062,000 | 2,978,024,000 | 3,062,030,000 | 3,074,345,000 | 3,150,169,000 | 3,218,986,000 | 3,276,296,000 | 3,305,102,000 | 3,396,169,000 | 3,415,996,000 | 3,436,304,000 | 3,451,897,000 | |||||||||||||||||||||||||||
investment in klépierre, at equity | 1,489,548,000 | 1,534,383,000 | 1,398,028,000 | 1,384,267,000 | 1,463,679,000 | 1,450,789,000 | 1,447,515,000 | 1,527,872,000 | 1,456,649,000 | 1,542,634,000 | 1,541,743,000 | 1,561,112,000 | 1,378,050,000 | 1,446,460,000 | 1,636,946,000 | 1,661,943,000 | 1,672,858,000 | 1,706,661,000 | 1,646,429,000 | 1,729,690,000 | 1,641,680,000 | 1,644,020,000 | 1,628,343,000 | 1,731,649,000 | 1,614,109,000 | 1,718,402,000 | 1,676,635,000 | 1,769,488,000 | 1,776,655,000 | 1,772,155,000 | 2,011,919,000 | 1,934,676,000 | 1,907,632,000 | 1,830,484,000 | 1,821,994,000 | 1,797,394,000 | |||||||||||
investment in other unconsolidated entities, at equity | 2,590,008,000 | 2,613,543,000 | 2,554,065,000 | 2,670,739,000 | 2,628,159,000 | 2,649,551,000 | 2,770,652,000 | 3,540,648,000 | 3,617,515,000 | 3,439,251,000 | 3,440,532,000 | 3,511,263,000 | 3,116,422,000 | 3,105,378,000 | 3,126,897,000 | 3,075,375,000 | 2,972,049,000 | 2,746,162,000 | 2,517,495,000 | ||||||||||||||||||||||||||||
right-of-use assets | 529,116,000 | 515,455,000 | 517,531,000 | 519,607,000 | 521,386,000 | 523,232,000 | 524,920,000 | 484,073,000 | 489,989,000 | 492,253,000 | 494,591,000 | 496,930,000 | 497,490,000 | 499,699,000 | 501,910,000 | 504,119,000 | 506,236,000 | 508,371,000 | 510,642,000 | 512,914,000 | 515,004,000 | 517,061,000 | 514,660,000 | ||||||||||||||||||||||||
deferred costs and other assets | 1,442,365,000 | 1,335,441,000 | 1,314,857,000 | 1,369,609,000 | 1,241,096,000 | 1,129,286,000 | 1,124,834,000 | 1,117,716,000 | 1,226,395,000 | 1,167,891,000 | 1,141,583,000 | 1,159,293,000 | 1,174,857,000 | 1,185,705,000 | 1,130,747,000 | 1,121,011,000 | 1,105,736,000 | 1,100,745,000 | 1,098,004,000 | 1,082,168,000 | 1,139,041,000 | 1,133,064,000 | 1,227,953,000 | 1,214,025,000 | 1,803,483,000 | 1,641,996,000 | 1,723,968,000 | 1,210,040,000 | 1,298,012,000 | 1,297,717,000 | 1,374,640,000 | 1,373,983,000 | 1,338,834,000 | 1,368,625,000 | 1,384,667,000 | 1,353,588,000 | 1,359,668,000 | 1,132,490,000 | 1,116,000,000 | 995,973,000 | 922,349,000 | 978,451,000 | 1,049,512 | 1,200,889 | 273,703,000 | 262,946,000 | 250,606,000 |
total assets | 33,602,187,000 | 33,295,602,000 | 32,501,143,000 | 32,405,691,000 | 33,275,918,000 | 33,376,971,000 | 33,696,691,000 | 34,283,495,000 | 32,964,602,000 | 32,818,996,000 | 33,297,796,000 | 33,011,274,000 | 32,795,363,000 | 33,079,036,000 | 33,451,427,000 | 33,777,379,000 | 33,946,139,000 | 34,827,856,000 | 34,411,504,000 | 34,786,846,000 | 31,661,575,000 | 34,026,170,000 | 34,121,114,000 | 31,231,630,000 | 33,844,226,000 | 30,732,915,000 | 30,841,776,000 | 30,686,223,000 | 31,079,693,000 | 30,843,140,000 | 31,017,860,000 | 32,257,638,000 | 31,032,410,000 | 30,965,966,000 | 30,946,093,000 | 31,103,578,000 | 31,668,848,000 | 22,884,263,000 | 23,743,590,000 | 21,003,618,000 | 20,915,867,000 | 21,016,967,000 | 21,339,884 | 21,318,066 | |||
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
mortgages and unsecured indebtedness | 25,789,055,000 | 25,401,250,000 | 24,753,200,000 | 24,264,495,000 | 25,417,558,000 | 25,287,745,000 | 25,519,340,000 | 26,033,423,000 | 24,916,760,000 | 24,990,480,000 | 25,569,968,000 | 24,960,286,000 | 24,640,370,000 | 24,885,968,000 | 25,169,837,000 | 25,321,022,000 | 25,584,372,000 | 26,231,704,000 | 26,156,520,000 | 26,723,361,000 | 25,139,682,000 | 27,268,883,000 | 27,553,413,000 | 24,163,230,000 | 26,643,879,000 | 23,324,679,000 | 23,185,965,000 | 23,305,535,000 | 23,678,264,000 | 23,505,002,000 | 23,647,623,000 | 24,632,463,000 | 23,410,357,000 | 23,422,685,000 | 23,149,053,000 | 22,977,104,000 | 23,078,515,000 | ||||||||||
accounts payable, accrued expenses, intangibles, and deferred revenues | 1,648,577,000 | 1,630,964,000 | 1,487,366,000 | 1,712,465,000 | 1,619,747,000 | 1,627,309,000 | 1,527,859,000 | 1,693,248,000 | 1,626,333,000 | 1,543,848,000 | 1,351,870,000 | 1,491,583,000 | 1,421,443,000 | 1,337,984,000 | 1,208,643,000 | 1,433,216,000 | 1,324,603,000 | 1,230,595,000 | 1,195,851,000 | 1,311,925,000 | 1,299,062,000 | 1,216,831,000 | 1,253,757,000 | 1,390,682,000 | 1,324,110,000 | 1,227,799,000 | 1,157,477,000 | 1,316,861,000 | 1,268,099,000 | 1,230,775,000 | 1,180,851,000 | 1,269,190,000 | 1,290,382,000 | 1,205,267,000 | 1,081,185,000 | 1,214,022,000 | 1,240,713,000 | 1,113,213,000 | 1,082,809,000 | 1,036,219,000 | 976,823,000 | 1,013,283,000 | 1,098,773 | 1,016,179 | |||
cash distributions and losses in unconsolidated entities, at equity | 1,747,430,000 | 1,746,426,000 | 1,729,919,000 | 1,680,431,000 | 1,733,935,000 | 1,729,001,000 | 1,724,494,000 | 1,760,922,000 | 1,758,175,000 | 1,749,960,000 | 1,703,448,000 | 1,699,828,000 | 1,698,917,000 | 1,709,379,000 | 1,749,692,000 | 1,573,105,000 | 1,573,563,000 | 1,565,366,000 | 1,565,394,000 | 1,577,393,000 | 1,565,642,000 | 1,576,679,000 | 1,611,795,000 | 1,566,294,000 | 1,568,150,000 | 1,567,474,000 | 1,559,534,000 | 1,536,111,000 | 1,534,550,000 | 1,531,136,000 | 1,421,879,000 | 1,406,378,000 | 1,388,128,000 | ||||||||||||||
dividend payable | 2,386,000 | 2,057,000 | 1,736,000 | 2,410,000 | 2,069,000 | 1,737,000 | 1,412,000 | 1,842,000 | 3,347,000 | 2,885,000 | 2,436,000 | 1,997,000 | 2,733,000 | 2,327,000 | 1,850,000 | 1,468,000 | 1,452,000 | 527,508,000 | 489,396,000 | 486,922,000 | 458,144,000 | 458,150,000 | |||||||||||||||||||||||||
lease liabilities | 529,708,000 | 516,065,000 | 518,174,000 | 520,283,000 | 522,091,000 | 523,966,000 | 525,681,000 | 484,861,000 | 490,825,000 | 493,193,000 | 495,573,000 | 497,953,000 | 500,197,000 | 502,440,000 | 504,684,000 | 506,931,000 | 509,071,000 | 511,211,000 | 513,351,000 | 515,492,000 | 517,454,000 | 519,416,000 | 516,809,000 | ||||||||||||||||||||||||
other liabilities | 910,495,000 | 907,770,000 | 743,173,000 | 626,155,000 | 658,282,000 | 620,500,000 | 635,781,000 | 621,601,000 | 556,289,000 | 511,400,000 | 497,210,000 | 535,736,000 | 495,142,000 | 543,936,000 | 525,849,000 | 540,912,000 | 525,361,000 | 546,619,000 | 463,458,000 | 513,515,000 | 478,182,000 | 463,380,000 | 457,624,000 | 464,304,000 | 1,001,048,000 | 1,017,966,000 | 1,012,976,000 | 500,597,000 | 503,342,000 | 499,598,000 | 532,491,000 | 520,363,000 | 514,205,000 | 492,143,000 | 459,926,000 | 455,040,000 | 493,615,000 | 111,961,000 | 105,118,000 | 141,611,000 | |||||||
total liabilities | 30,627,651,000 | 30,204,532,000 | 29,233,568,000 | 28,806,239,000 | 29,953,682,000 | 29,790,258,000 | 29,934,567,000 | 30,595,897,000 | 29,351,729,000 | 29,291,766,000 | 29,620,505,000 | 29,187,383,000 | 28,758,802,000 | 28,982,034,000 | 29,160,555,000 | 29,376,654,000 | 29,518,422,000 | 30,613,003,000 | 30,383,970,000 | 31,128,608,000 | 29,458,166,000 | 31,503,339,000 | 31,397,967,000 | 28,101,319,000 | 30,537,187,000 | 27,137,918,000 | 26,915,952,000 | 26,659,104,000 | 26,984,255,000 | 26,766,511,000 | 26,782,844,000 | 27,828,394,000 | 26,603,072,000 | 26,490,428,000 | 26,050,241,000 | 26,005,904,000 | 26,182,685,000 | 17,973,187,000 | 18,671,036,000 | 15,691,793,000 | 15,511,677,000 | 15,516,453,000 | 15,723,553 | 15,538,848 | 9,450,317,000 | 9,373,297,000 | 9,371,006,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||
limited partners’ preferred interest in the operating partnership and noncontrolling redeemable interests | 244,965,000 | 243,504,000 | 241,766,000 | 184,729,000 | 182,879,000 | 188,699,000 | 177,528,000 | 195,949,000 | 202,465,000 | 226,659,000 | 224,419,000 | 212,239,000 | 559,482,000 | 566,080,000 | 558,305,000 | 547,740,000 | 553,025,000 | 507,414,000 | 511,698,000 | ||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||
capital stock | |||||||||||||||||||||||||||||||||||||||||||||||
series j 83/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of 39,847 | 40,531,000 | 40,614,000 | 40,696,000 | 40,778,000 | 40,860,000 | 40,942,000 | 41,024,000 | 41,106,000 | 41,188,000 | 41,270,000 | 41,352,000 | 41,435,000 | 41,517,000 | 41,599,000 | 41,681,000 | 41,763,000 | 41,845,000 | 41,927,000 | 42,009,000 | 42,091,000 | 42,173,000 | 42,256,000 | 42,338,000 | 42,420,000 | 42,502,000 | 42,584,000 | 42,666,000 | 42,748,000 | 42,830,000 | 42,912,000 | 42,994,000 | 43,077,000 | 43,159,000 | 43,241,000 | 43,323,000 | 43,405,000 | 43,487,000 | ||||||||||
common stock | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 32,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23 | 23 | 17,000 | ||
class b common stock | 1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||
capital in excess of par value | 11,618,355,000 | 11,593,787,000 | 11,594,691,000 | 11,583,051,000 | 11,343,428,000 | 11,362,588,000 | 11,370,740,000 | 11,406,236,000 | 11,392,636,000 | 11,211,425,000 | 11,231,471,000 | 11,232,881,000 | 11,231,483,000 | 11,218,057,000 | 11,213,621,000 | 11,212,990,000 | 11,201,333,000 | 11,193,774,000 | 11,177,207,000 | 11,179,688,000 | 9,761,978,000 | 9,763,059,000 | 9,768,175,000 | 9,756,073,000 | 9,748,255,000 | 9,723,378,000 | 9,706,021,000 | 9,700,418,000 | 9,736,720,000 | 9,657,810,000 | 9,647,272,000 | 9,614,748,000 | 9,597,812,000 | 9,587,026,000 | 9,558,328,000 | 9,523,086,000 | 9,478,309,000 | 5,028,287,000 | 5,029,030,000 | 4,985,389,000 | 4,975,936,000 | 4,963,224,000 | 5,025,282 | 5,016,631 | 3,320,622,000 | 3,318,123,000 | 3,312,158,000 |
accumulated deficit | -6,934,926,000 | -6,837,606,000 | -6,709,618,000 | -6,382,515,000 | -6,358,449,000 | -6,155,936,000 | -5,987,514,000 | -6,095,576,000 | -6,218,936,000 | -6,189,540,000 | -6,069,767,000 | -5,926,974,000 | -6,046,981,000 | -6,012,757,000 | -5,948,261,000 | -5,823,708,000 | -5,789,329,000 | -5,931,119,000 | -6,087,013,000 | -6,102,314,000 | -5,953,166,000 | -5,703,183,000 | -5,583,485,000 | -5,379,952,000 | -5,223,093,000 | -5,122,281,000 | -4,979,489,000 | -4,893,069,000 | -4,896,754,000 | -4,833,826,000 | -4,774,442,000 | -4,782,173,000 | -4,776,512,000 | -4,731,402,000 | -4,559,037,000 | -4,459,387,000 | -4,349,705,000 | -1,957,262,000 | -1,829,520,000 | -1,512,944 | -768,204,000 | ||||||
accumulated other comprehensive loss | -281,298,000 | -256,308,000 | -219,745,000 | -193,026,000 | -206,340,000 | -166,904,000 | -165,796,000 | -172,787,000 | -140,987,000 | -175,967,000 | -160,854,000 | -164,873,000 | -160,549,000 | -167,895,000 | -170,094,000 | -185,186,000 | -191,274,000 | -188,307,000 | -183,866,000 | -188,675,000 | -180,468,000 | -155,126,000 | -119,301,000 | -118,604,000 | -121,596,000 | -128,743,000 | -120,962,000 | -126,017,000 | -118,593,000 | -115,285,000 | -102,747,000 | -110,453,000 | -111,039,000 | -103,872,000 | -100,843,000 | -114,126,000 | -115,832,000 | ||||||||||
common stock held in treasury, at cost, 16,598,627 and 16,675,701 shares, respectively | -2,093,084,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 2,349,611,000 | 2,451,508,000 | 2,605,575,000 | 2,941,925,000 | 2,713,136,000 | 2,944,586,000 | 3,106,105,000 | 3,022,834,000 | 2,952,734,000 | 2,871,637,000 | 3,003,513,000 | 3,138,524,000 | 3,021,525,000 | 3,071,332,000 | 3,255,647,000 | 3,361,452,000 | 3,378,098,000 | 3,231,798,000 | 3,064,233,000 | 3,039,472,000 | 1,752,851,000 | 2,029,340,000 | 2,181,599,000 | 2,526,398,000 | 2,672,529,000 | 2,919,665,000 | 3,212,959,000 | 3,296,681,000 | 3,383,616,000 | 3,371,024,000 | 3,505,906,000 | 3,686,168,000 | 3,685,142,000 | 3,726,715,000 | 4,107,267,000 | 4,310,448,000 | 4,628,997,000 | 3,826,872,000 | 3,951,317,000 | 4,103,992,000 | 4,170,311,000 | 4,245,147,000 | 4,328,859 | 4,452,280 | |||
noncontrolling interests | 379,960,000 | 396,058,000 | 420,234,000 | 472,798,000 | 426,221,000 | 453,428,000 | 478,491,000 | 468,815,000 | 457,674,000 | 428,934,000 | 449,359,000 | 473,128,000 | 455,554,000 | 459,590,000 | 476,920,000 | 491,533,000 | 496,594,000 | 475,641,000 | 451,603,000 | 432,874,000 | 263,365,000 | 306,099,000 | 329,354,000 | 384,852,000 | 407,623,000 | 444,007,000 | 486,983,000 | 500,275,000 | 513,885,000 | 507,604,000 | 527,430,000 | 552,596,000 | 557,464,000 | 564,444,000 | 621,738,000 | 649,464,000 | 697,816,000 | ||||||||||
total equity | 2,729,571,000 | 2,847,566,000 | 3,025,809,000 | 3,414,723,000 | 3,139,357,000 | 3,398,014,000 | 3,584,596,000 | 3,491,649,000 | 3,410,408,000 | 3,300,571,000 | 3,452,872,000 | 3,611,652,000 | 3,477,079,000 | 3,530,922,000 | 3,732,567,000 | 3,852,985,000 | 3,874,692,000 | 3,707,439,000 | 3,515,836,000 | 3,472,346,000 | 2,016,216,000 | 2,335,439,000 | 2,510,953,000 | 2,911,250,000 | 3,080,152,000 | 3,363,672,000 | 3,699,942,000 | 3,796,956,000 | 3,897,501,000 | 3,878,628,000 | 4,033,336,000 | 4,238,764,000 | 4,242,606,000 | 4,291,159,000 | 4,729,005,000 | 4,959,912,000 | 5,326,813,000 | ||||||||||
total liabilities and equity | 33,602,187,000 | 33,295,602,000 | 32,501,143,000 | 32,405,691,000 | 33,275,918,000 | 33,376,971,000 | 33,696,691,000 | 34,283,495,000 | 32,964,602,000 | 32,818,996,000 | 33,297,796,000 | 33,011,274,000 | 32,795,363,000 | 33,079,036,000 | 33,451,427,000 | 33,777,379,000 | 33,946,139,000 | 34,827,856,000 | 34,411,504,000 | 34,786,846,000 | 31,661,575,000 | 34,026,170,000 | 34,121,114,000 | 31,231,630,000 | 33,844,226,000 | 30,732,915,000 | 30,841,776,000 | 30,686,223,000 | 31,079,693,000 | 30,843,140,000 | 31,017,860,000 | 32,257,638,000 | 31,032,410,000 | 30,965,966,000 | 30,946,093,000 | 31,103,578,000 | 31,668,848,000 | ||||||||||
common stock held in treasury, at cost, 16,575,924 and 16,675,701 shares, respectively | -2,089,012,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,645,358 and 16,675,701 shares, respectively | -2,100,482,000 | ||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 300,000,000 | 1,300,000,000 | 1,300,000,000 | 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,675,701 and 16,983,364 shares, respectively | -2,106,396,000 | -2,106,396,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,855,456 and 16,983,364 shares, respectively | -2,136,137,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,960,060 and 16,983,364 shares, respectively | -2,152,382,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,983,364 and 15,959,628 shares, respectively | -2,156,178,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 16,661,258 and 15,959,628 shares, respectively | -2,121,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 15,709,631 and 15,959,628 shares, respectively | -2,015,585,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 15,916,949 and 15,959,628 shares, respectively | -2,038,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||
investments held in trust - special purpose acquisition company | 345,000,000 | 345,000,000 | 345,000,000 | 345,000,000 | 345,000,000 | 345,000,000 | 345,000,000 | ||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 15,959,628 and 14,295,983 shares, respectively | -2,043,979,000 | -2,043,979,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 15,553,702 and 14,295,983 shares, respectively | -2,007,706,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,266,824 and 14,295,983 shares, respectively | -1,881,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,295,983 and 14,355,621 shares, respectively | -1,884,441,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,296,445 and 14,355,621 shares, respectively | -1,884,511,000 | -1,884,511,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,317,645 and 14,355,621 shares, respectively | -1,884,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities, at equity | 2,603,571,000 | 2,449,335,000 | 2,385,946,000 | 2,414,642,000 | 2,371,053,000 | 2,121,558,000 | 2,141,745,000 | 2,197,309,000 | 2,220,414,000 | 2,281,688,000 | 2,302,833,000 | 2,268,956,000 | 2,266,483,000 | 2,331,538,000 | 2,321,111,000 | 2,374,693,000 | 2,367,583,000 | 2,439,554,000 | 1,852,819,000 | 1,874,255,000 | 1,492,522,000 | 1,523,529,000 | 1,567,230,000 | 1,598,391 | 1,709,899 | 1,361,750,000 | 1,273,148,000 | 1,321,520,000 | |||||||||||||||||||
limited partners’ preferred interest in the operating partnership and noncontrolling redeemable interests in properties | 185,892,000 | 187,193,000 | 187,392,000 | 212,194,000 | 219,061,000 | 226,887,000 | 231,325,000 | 225,882,000 | 230,163,000 | 197,937,000 | 198,001,000 | 201,680,000 | 190,480,000 | 186,732,000 | 184,379,000 | 166,847,000 | 137,762,000 | 159,350,000 | |||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,355,621 and 13,574,296 shares, respectively | -1,891,352,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,667,884 and 13,574,296 shares, respectively | -1,917,698,000 | -1,917,698,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 14,819,950 and 13,574,296 shares, respectively | -1,926,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 13,574,296 and 11,402,103 shares, respectively | -1,773,571,000 | -1,773,571,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 12,421,713 and 11,402,103 shares, respectively | -1,595,305,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 11,449,963 and 11,402,103 shares, respectively | -1,435,309,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 11,402,103 and 9,163,920 shares, respectively | -1,427,431,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 11,115,156 and 9,163,920 shares, respectively | -1,380,619,000 | -1,380,619,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 10,638,880 and 9,163,920 shares, respectively | -1,307,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 9,163,920 and 6,756,748 shares, respectively | -1,079,063,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 9,094,827 and 6,756,748 shares, respectively | -1,068,310,000 | -1,068,310,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash distributions and losses in partnerships and joint ventures, at equity | 1,370,333,000 | 1,360,077,000 | 1,359,738,000 | 1,369,842,000 | 232,802,000 | 250,737,000 | 233,902,000 | 224,984,000 | 205,983,000 | 116,213 | 111,694 | 43,706,000 | 48,252,000 | 47,157,000 | |||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 7,629,046 and 6,756,748 shares, respectively | -834,536,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 6,756,748 and 5,394,345 shares, respectively | -682,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||
investment in klepierre, at equity | 1,897,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury, at cost, 5,347,551 and 5,394,345 shares, respectively | -427,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||
less – accumulated depreciation | 4,971,424,000 | 4,800,439,000 | |||||||||||||||||||||||||||||||||||||||||||||
notes receivable from related parties | 532,580,000 | 1,473,540,000 | |||||||||||||||||||||||||||||||||||||||||||||
mortgages and other indebtedness | 16,438,845,000 | 17,152,418,000 | 14,241,941,000 | 14,133,592,000 | 14,139,261,000 | 14,330,200 | 14,247,220 | 8,792,090,000 | 8,730,012,000 | 8,747,218,000 | |||||||||||||||||||||||||||||||||||||
other liabilities, minority interest and accrued dividends | 188,327,000 | 185,072,000 | 179,731,000 | 176,278,000 | 157,926,000 | 178,367 | 163,755 | ||||||||||||||||||||||||||||||||||||||||
limited partners’ interest in the operating partnership | 773,963,000 | 808,663,000 | 811,990,000 | 833,363,000 | 854,561,000 | 883,728 | 917,598 | ||||||||||||||||||||||||||||||||||||||||
limited partners’ preferred interest in the operating partnership | 310,241,000 | 312,574,000 | 395,843,000 | 400,516,000 | 400,806,000 | 403,744 | 409,340 | ||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 17,819,267 and 17,578,701 issued and outstanding, respectively, and with liquidation values of 890,963 and 878,935, respectively | 897,255,000 | ||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, .0001 par value, 4,000 shares authorized, issued and outstanding | |||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 22,906,000 | 18,790,000 | 17,377,000 | 18,453,000 | 10,835,000 | 4,217 | 7,053 | -7,441,000 | |||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,125,332 and 4,378,495 shares, respectively | -164,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 22,884,263,000 | 23,743,590,000 | 21,003,618,000 | 20,915,867,000 | 21,016,967,000 | 21,339,884 | 21,318,066 | ||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 17,842,594 and 17,578,701 issued and outstanding, respectively, and with liquidation values of 892,130 and 878,935, respectively | 898,119,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,132,224 and 4,378,495 shares, respectively | -165,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||
less — accumulated depreciation | 4,348,676,000 | 4,172,347,000 | 3,978,222,000 | 3,638,179 | 3,440,838 | 1,774,155,000 | 1,667,869,000 | 1,547,632,000 | |||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 25,477,626 and 25,632,122 issued and outstanding, respectively, and with liquidation values of 1,073,881 and 1,081,606, respectively | 1,072,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,379,245 and 4,815,655 shares, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 25,420,042 and 25,632,122 issued and outstanding, respectively, and with liquidation values of 1,071,002 and 1,081,606, respectively | 1,069,388,000 | ||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 25,635,772 and 25,632,122 issued and outstanding, respectively, and with liquidation values of 1,081,789 and 1,081,606, respectively | 1,080,190,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,388,905 and 4,815,655 shares, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 25,595,077 and 25,434,967 issued and outstanding, respectively, and with liquidation values of 1,079,754 and 1,071,748, respectively | 1,078,147 | ||||||||||||||||||||||||||||||||||||||||||||||
unamortized restricted stock award | -35,780 | -29,168,000 | |||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,815,655 and 2,415,855 shares, respectively | -230,086 | ||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 25,479,963 and 25,434,967 issued and outstanding, respectively, and with liquidation values of 1,073,998 and 1,071,748, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 4,000,255 and 2,415,855 shares, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
notes and advances receivable from management company and affiliates | 101,557,000 | 122,133,000 | 214,584,000 | ||||||||||||||||||||||||||||||||||||||||||||
note receivable from the src operating partnership | 1,460,000 | 1,432,000 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill | 37,505,000 | 37,798,000 | 38,091,000 | ||||||||||||||||||||||||||||||||||||||||||||
minority interest | 44,667,000 | 44,637,000 | 44,211,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 483,239,000 | 471,428,000 | 415,727,000 | ||||||||||||||||||||||||||||||||||||||||||||
accrued dividends | 19,321,000 | 18,487,000 | 19,293,000 | ||||||||||||||||||||||||||||||||||||||||||||
limited partners' interest in the spg operating partnership | 846,310,000 | 866,118,000 | 887,255,000 | ||||||||||||||||||||||||||||||||||||||||||||
limited partners' preferred interest in the spg operating partnership | 150,852,000 | 150,852,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred stock of subsidiary | 340,000,000 | 339,933,000 | |||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 16,879,896 and 5,881,116 issued and outstanding, respectively. liquidation values 907,845 and 559,065, respectively. | 877,348,000 | ||||||||||||||||||||||||||||||||||||||||||||||
common stock held in treasury at cost, 2,098,555 shares | -52,329,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 3,235,394,000 | 2,943,694,000 | 2,993,770,000 | ||||||||||||||||||||||||||||||||||||||||||||
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||
minimum rent | 312,349,000 | 307,151,000 | |||||||||||||||||||||||||||||||||||||||||||||
overage rent | 8,568,000 | 9,883,000 | |||||||||||||||||||||||||||||||||||||||||||||
tenant reimbursements | 146,307,000 | 148,514,000 | |||||||||||||||||||||||||||||||||||||||||||||
other income | 32,016,000 | 24,267,000 | |||||||||||||||||||||||||||||||||||||||||||||
total revenue | 499,240,000 | 489,815,000 | |||||||||||||||||||||||||||||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||
property operating | 80,990,000 | 78,626,000 | |||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 111,173,000 | 106,492,000 | |||||||||||||||||||||||||||||||||||||||||||||
real estate taxes | 45,819,000 | 52,787,000 | |||||||||||||||||||||||||||||||||||||||||||||
repairs and maintenance | 17,286,000 | 19,727,000 | |||||||||||||||||||||||||||||||||||||||||||||
advertising and promotion | 14,049,000 | 13,806,000 | |||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 2,676,000 | 2,904,000 | |||||||||||||||||||||||||||||||||||||||||||||
other | 12,621,000 | 6,896,000 | |||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 284,614,000 | 281,238,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating income | 214,626,000 | 208,577,000 | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | 149,030,000 | 157,925,000 | |||||||||||||||||||||||||||||||||||||||||||||
income before minority interest | 65,596,000 | 50,652,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets, net of asset write downs of 0, 0, and 10,572, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
income before unconsolidated entities | 62,979,000 | 51,125,000 | |||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated entities | 6,833,000 | 11,742,000 | |||||||||||||||||||||||||||||||||||||||||||||
income before extraordinary items and cumulative effect of accounting change | 69,812,000 | 190 | |||||||||||||||||||||||||||||||||||||||||||||
extraordinary items - debt related transactions | -25,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change | -1,638,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before allocation to limited partners | 69,592,000 | 61,204,000 | |||||||||||||||||||||||||||||||||||||||||||||
less: | |||||||||||||||||||||||||||||||||||||||||||||||
preferred distributions of the spg operating partnership | 2,835,000 | 2,912,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred dividends of subsidiary | 7,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income | 52,915,000 | 39,467,000 | |||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | -9,185,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 36,416,000 | 30,282,000 | |||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share: | |||||||||||||||||||||||||||||||||||||||||||||||
basic weighted-average shares outstanding | 172,746,000 | 172,001,000 | |||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares outstanding | 173,031,000 | 172,178,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on interest rate hedge agreements | |||||||||||||||||||||||||||||||||||||||||||||||
net incomees on derivative instruments reclassified from accumulated other comprehensive income into interest expense | 1,183,000 | 758,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on investments | 1,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 51,056,000 | 32,026,000 | |||||||||||||||||||||||||||||||||||||||||||||
limited partners' preferred interest in the | |||||||||||||||||||||||||||||||||||||||||||||||
spg operating partnership | 150,852,000 | ||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 5,879,896 and 5,881,116 issued and outstanding, respectively. liquidation values 557,845 and 559,065, respectively. | 537,229,000 | ||||||||||||||||||||||||||||||||||||||||||||||
and 170,840,315 issued and outstanding, respectively | 17,000 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||
` | |||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these statements. | |||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets, net of asset write downs of 0, 10,572, 0, and 10,572, respectively | |||||||||||||||||||||||||||||||||||||||||||||||
income before extraordinary items and | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on interest rate hedge agreements | |||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain/(loss) on investment | |||||||||||||||||||||||||||||||||||||||||||||||
all series of preferred stock, 100,000,000 shares authorized, 5,881,116 issued and outstanding. liquidation values 559,065 | 538,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets | 2,711,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before extraordinary items | |||||||||||||||||||||||||||||||||||||||||||||||
and cumulative effect of accounting change | 62,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on interest rate hedge agreements | -6,204,000 | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on investment |
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