7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2001-09-30 2001-06-30 2001-03-31 
      
                                                  
      cash flows from operating activities:
                                                  
      consolidated net income
    702,696,000 643,681,000 477,860,000 771,759,000 546,671,000 569,436,000 841,155,000 859,496,000 680,762,000 557,505,000 519,255,000 772,748,000 621,847,000 569,480,000 488,310,000 573,730,000 778,648,000 705,869,000 510,460,000 312,726,000 168,646,000 290,548,000 505,404,000 590,416,000 628,724,000 572,101,000 631,947,000 833,193,000 642,212,000 631,414,000 715,524,000 659,821,000 592,634,000 441,373,000 551,075,000 455,603,000           
      adjustments to reconcile consolidated net income to net cash from operating activities
                                                  
      depreciation and amortization
    374,744,000 367,638,000 355,647,000 360,599,000 341,905,000 332,595,000 324,762,000 338,778,000 333,358,000 339,056,000 322,392,000 336,346,000 316,304,000 315,339,000 324,124,000 340,779,000 320,333,000 332,963,000 331,820,000 337,474,000 339,841,000 337,411,000 340,265,000 339,065,000 343,359,000 371,830,000 339,918,000 340,105,000 335,604,000 339,395,000 334,672,000  336,727,000 339,859,000 335,749,000  542,524,000 221,942,000 207,580,000   199,747,000 193,730 111,589,000 109,235,000 109,148,000 
      gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
    -10,398,000      -10,966,000                                        
      gain due to disposal, exchange, or revaluation of equity interests
    8,871,000 -104,499,000 23,992,000                                            
      unrealized losses in fair value of publicly traded equity instruments and derivative instrument
    -2,243,000 50,455,000 36,765,000                                            
      straight-line lease (income) loss
    -13,703,000 -2,401,000 -1,682,000                                            
      equity in income of unconsolidated entities
    -143,916,000 -122,875,000 -30,359,000 -140,947,000 -58,503,000    -95,480,000 -90,455,000 -21,900,000 -213,634,000 -163,086,000 -190,073,000 -81,184,000 -220,699,000 -198,524,000 -348,545,000 -15,069,000 -63,260,000 -61,823,000 -44,322,000 -50,465,000 -127,658,000 -119,705,000 -106,542,000 -90,444,000 -149,987,000 -134,409,000 -100,828,000 -90,026,000  -116,111,000 -92,016,000 -69,085,000  -229,758,000 -7,459,000 -21,773,000       -11,731,000 
      distributions of income from unconsolidated entities
    112,160,000 104,223,000 108,263,000 89,728,000 91,230,000 108,435,000 73,341,000 109,655,000 97,323,000 132,585,000 119,146,000 102,217,000 89,830,000 248,088,000 121,448,000 117,840,000 120,304,000 135,849,000 62,888,000 32,021,000 32,069,000 52,142,000 68,501,000 94,144,000 112,060,000 139,647,000 82,918,000 100,726,000 96,762,000 114,779,000 77,870,000  109,105,000 90,839,000 70,994,000  202,243,000 17,514,000 19,633,000 23,587,000 18,006,000 19,131,000 21,412    
      changes in assets and liabilities
                                                  
      tenant receivables and accrued revenue
    -25,402,000 9,951,000 35,093,000 -19,051,000 28,589,000 -3,803,000 30,426,000 -79,739,000 5,534,000 36,629,000 25,774,000 -14,492,000 15,701,000 -27,817,000 89,958,000 4,882,000 1,421,000 55,346,000 203,703,000 209,196,000 -1,346,000 -668,522,000 44,761,000 -25,877,000 -22,247,000 11,125,000 36,842,000 -45,186,000 -32,069,000 -12,121,000 71,858,000  -26,823,000 -7,288,000 54,036,000  -11,222,000 17,913,000 49,298,000 1,907,000 16,416,000 37,741,000 8,279 12,413,000 -16,326,000 47,420,000 
      deferred costs and other assets
    -117,554,000 21,576,000 48,189,000 -137,121,000 -90,944,000 -4,427,000 -3,392,000 34,415,000 -6,399,000 -7,574,000 3,981,000 -27,228,000 12,398,000 -48,523,000 -41,214,000 -26,513,000 -8,207,000 -4,856,000 -38,016,000 58,836,000 -87,621,000 31,082,000 -30,488,000 -15,998,000 -67,145,000 53,818,000 -20,013,000 -516,000 -46,915,000 34,832,000 -62,839,000  -46,399,000 12,810,000 -42,099,000  59,825,000 -4,658,000 -46,951,000       -10,265,000 
      accounts payable, accrued expenses, intangibles, deferred revenues and other
    5,005,000 237,979,000 -226,550,000 156,307,000 -14,893,000 98,667,000 -112,837,000 106,833,000 68,489,000 196,462,000 -126,271,000 100,555,000 45,003,000 192,913,000 -148,368,000                                
      net cash from operating activities
    890,260,000 1,215,332,000 827,218,000 1,085,549,000 892,852,000 1,063,151,000 773,103,000 1,036,754,000 935,867,000 1,129,491,000 828,681,000 932,142,000 941,651,000 1,100,942,000 791,869,000 884,931,000 874,722,000 1,001,987,000 875,762,000 895,077,000 617,309,000 73,005,000 741,307,000 959,635,000 960,629,000 1,050,220,000 837,347,000 999,630,000 914,384,000 993,305,000 843,477,000  909,870,000 1,023,890,000 785,693,000  1,923,301,000 299,453,000 310,020,000 311,393,000 330,888,000 253,818,000 330,695 190,204,000 183,479,000 98,391,000 
      cash flows from investing activities:
                                                  
      acquisitions
    -25,340,000 -543,352,000 -392,388,000     -38,117,000 -27,712,000 -173,376,000 -15,988,000   -100,000,000 -100,830,000 -56,250,000 -3,498,897,000 -107,797,000            -346,846,000 -17,549,000 -135,581,000        
      funding of loans to related parties
       -3,000,000 -2,000,000 -106,000,000 -8,750,000 -6,500,000 -3,750,000 -3,750,000 -125,357,000 -429,000 -14,175,000 -750,000 -494,000 -1,843,000       -2,808,000 -1,833,000  -18,538,000 -30,705,000 -18,963,000            
      repayments of loans to related parties
    4,089,000 2,082,000 7,018,000 21,195,000 3,921,000 53,090,000 4,083,000 8,044,000 3,788,000 1,443,000 2,913,000 2,740,000 2,691,000 5,010,000 71,930,000 5,646,000 8,096,000 285,000                            
      capital expenditures
    -205,223,000 -244,024,000 -230,201,000 -217,870,000 -186,372,000 -188,368,000 -162,974,000 -178,289,000 -227,696,000 -221,228,000 -166,070,000 -184,637,000 -156,042,000 -154,696,000 -154,649,000 -108,458,000 -190,808,000 -113,861,000 -114,808,000 -88,115,000 -58,537,000 -124,253,000 -213,214,000 -253,324,000 -219,341,000 -186,565,000 -216,781,000 -195,952,000 -251,283,000 -161,918,000 -172,756,000  -168,373,000 -170,353,000 -148,595,000  -164,582,000 -206,937,000 -205,678,000       -74,837,000 
      free cash flows
    685,037,000 971,308,000 597,017,000 867,679,000 706,480,000 874,783,000 610,129,000 858,465,000 708,171,000 908,263,000 662,611,000 747,505,000 785,609,000 946,246,000 637,220,000 776,473,000 683,914,000 888,126,000 760,954,000 806,962,000 558,772,000 -51,248,000 528,093,000 706,311,000 741,288,000 863,655,000 620,566,000 803,678,000 663,101,000 831,387,000 670,721,000  741,497,000 853,537,000 637,098,000  1,758,719,000 92,516,000 104,342,000       23,554,000 
      cash impact from the consolidation of properties
    713,000 38,886,000 25,281,000 35,774,000 10,454,000       5,595,000                 4,073,000        
      investments in unconsolidated entities
    -25,600,000 -14,831,000 -5,763,000 -77,698,000 -96,000 -6,938,000 -27,923,000 -39,803,000 -28,565,000 -4,929,000 -10,664,000 -282,000 71,000 -111,152,000 -124,429,000 -8,745,000 -21,388,000 -7,257,000 -19,511,000 -18,770,000 -109,118,000 -21,933,000 -41,547,000 -21,436,000 -18,404,000 -11,969,000 -11,980,000 -11,514,000 -22,587,000 -18,437,000 -10,859,000  -17,766,000 -34,531,000 -58,928,000  215,488,000 -35,890,000 -431,935,000       -13,591,000 
      purchase of short-term investments
       -600,000,000                                        
      proceeds from redemption of short-term investments
       300,000,000 1,000,000,000 300,000,000                                        
      purchase of equity instruments
    -30,520,000 -3,631,000 -12,874,000 -129,387,000 -109,088,000 -2,085,000 -626,000 -12,750,000 -17,671,000   -2,487,000 -16,365,000 -40,898,000 -6,390,000 -16,836,000 -6,788,000 -9,425,000 -556,000 -2,528,000 -5,504,000 -853,000 -24,070,000                        
      proceeds from sale of equity instruments
    1,812,000 85,215,000 26,165,000 2,097,000                                          
      distributions of capital from unconsolidated entities and other
    129,795,000 54,313,000 145,846,000 46,956,000 103,873,000 38,010,000 124,177,000 88,776,000 96,790,000 66,259,000 47,315,000 95,421,000 51,338,000 112,741,000 213,010,000 106,248,000 58,137,000 37,607,000 41,287,000 35,969,000 53,945,000 -12,081,000 172,525,000 14,459,000 71,059,000 23,135,000 120,347,000 18,602,000 69,779,000 289,767,000 69,316,000  35,686,000 240,609,000 55,398,000  359,541,000 38,178,000 74,390,000 63,253,000 110,896,000 71,647,000 16,810    
      net cash from investing activities
    -150,274,000 -710,557,000 -377,866,000 8,820,000 811,335,000 -105,205,000 693,371,000 -870,576,000 -179,644,000 -153,221,000 -159,740,000 -262,474,000 -137,459,000 -126,732,000 -99,899,000 -53,900,000 -166,296,000 -194,516,000 -138,052,000 -3,518,314,000 -111,526,000 -134,878,000 -213,680,000 -490,644,000 -284,338,000 -188,163,000 -113,562,000 -27,050,000 -190,670,000 104,888,000 -123,674,000  -116,734,000 -74,848,000 -175,262,000  687,736,000 718,762,000 -2,168,271,000    -106,933   -59,954,000 
      cash flows from financing activities:
                                                  
      proceeds from sales of common stock and other, net of transaction costs
    -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -81,000 -82,000 -83,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 1,556,395,000 -83,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -82,000 -83,000 -82,000  -82,000 -82,000 -82,000            
      purchase of shares related to stock grant recipients' tax withholdings
    -4,072,000 -8,252,000 -1,588,000 -6,120,000 -4,438,000 -3,171,000 -2,624,000 -3,031,000 -3,757,000     -2,706,000 -249,000 -2,635,000 -276,000  -2,504,000 -285,000            
      redemption of limited partner units
    -149,000 -49,000 -6,335,000 -1,429,000 -148,000 -40,716,000 -2,648,000 -154,000 -7,864,000 -2,858,000 -94,000 -1,611,000 -147,000 -2,163,000 -20,000 -37,000 -19,000 -20,000 -16,067,000 -2,297,000 -4,414,000 -135,000 -73,887,000 -1,352,000 -6,267,000                
      preferred unit redemptions
                                                 
      distributions to noncontrolling interest holders in properties
    -2,622,000 -1,151,000 -1,928,000 -8,331,000 -4,701,000 -1,446,000 -6,571,000 -11,954,000 -22,168,000 -2,309,000 -5,525,000 -13,197,000 -8,196,000 -5,143,000 -1,205,000 -3,384,000 -1,051,000 1,440,000 -2,029,000 -2,505,000 -1,658,000 440,000 -4,548,000 -35,618,000 -2,092,000 -2,036,000 -1,803,000 -65,439,000 -1,457,000 -1,691,000 -8,376,000  -2,786,000 -3,121,000 -3,029,000            
      contributions from noncontrolling interest holders in properties
    449,000 182,000 2,622,000 5,296,000 1,770,000 1,007,000 1,734,000 1,749,000 1,605,000 6,459,000 10,938,000 13,910,000 4,833,000 4,166,000 4,011,000   192,000 28,000 33,000 36,000   45,000 92,000 24,000  53,000 64,000 172,000            
      preferred distributions of the operating partnership
    -291,000 -292,000 -291,000 -291,000 -405,000 -432,000 -432,000 -464,000 -479,000 -478,000 -479,000 -479,000 -479,000 -478,000 -479,000 -479,000 -479,000 -478,000 -479,000 -479,000 -479,000 -478,000 -479,000 -479,000 -479,000 -478,000 -479,000 -479,000 -478,000 -479,000 -479,000  -478,000 -479,000 -479,000  -12,272,000 5,597,000 5,239,000 6,893,000 6,928,000 6,826,000 6,882    
      preferred dividends and distributions to stockholders
    -702,773,000 -686,484,000 -686,102,000 -686,062,000 -669,732,000                                -1,115,451,000 -201,961,000 -201,411,000        
      distributions to limited partners
    -109,227,000 -106,616,000 -106,934,000 -105,865,000 -100,162,000 -97,810,000 -95,349,000 -93,116,000 -89,870,000 -87,399,000 -85,163,000 -85,202,000 -82,851,000 -80,473,000 -78,024,000 -78,026,000 -137,176,000 -61,495,000 -60,324,000 -60,445,000 -60,527,000 -24,000 -98,099,000 -98,280,000 -98,275,000 -95,977,000 -96,010,000 -94,126,000 -93,581,000 -91,426,000 -91,523,000  -85,325,000 -82,835,000 -82,906,000  -140,299,000 -48,568,000 -48,970,000       -32,792,000 
      proceeds from issuance of debt, net of transaction costs
    1,503,856,000 711,957,000 857,079,000 1,025,408,000 2,248,000 67,890,000 1,855,212,000 165,039,000 196,868,000 1,412,721,000 908,624,000 14,714,000 92,898,000 2,433,167,000 1,898,097,000 2,296,803,000 1,480,093,000 3,576,224,000 3,871,588,000 3,408,379,000 1,503,603,000 6,451,290,000 2,418,603,000 5,871,096,000 2,435,278,000 2,587,324,000 2,078,066,000 2,174,847,000 1,964,750,000 1,756,056,000  2,321,898,000 3,880,682,000 1,868,455,000            
      repayments of debt
    -1,103,935,000 -562,559,000 -526,130,000 -1,067,362,000 -1,013,114,000 -218,869,000 -669,943,000 -857,360,000 -148,788,000 -785,217,000 -867,160,000 -870,741,000 -68,144,000 -260,706,000 -2,522,273,000 -1,990,892,000 -2,741,599,000 -1,454,869,000 -3,889,449,000 -2,413,598,000 -5,676,685,000 -1,858,650,000 -3,006,342,000 -4,983,475,000 -2,450,354,000 -2,345,836,000 -2,648,034,000 -2,331,743,000 -2,202,095,000 -1,934,852,000 -2,649,995,000  -2,446,243,000 -3,846,052,000 -1,738,725,000            
      net cash from financing activities
    -418,846,000 -653,346,000 -469,689,000 -1,864,126,000 -768,518,000 -974,618,000 -1,384,360,000 233,782,000 -824,657,000 -1,294,228,000 -135,146,000 -649,560,000 -743,912,000 -947,899,000 -710,977,000 -735,518,000 -1,560,802,000 -452,509,000 -813,486,000  -2,729,570,000 -356,880,000 2,527,853,000 -3,446,848,000 2,491,163,000 -819,083,000 -801,318,000 -1,153,963,000 -742,243,000 -751,153,000 -1,834,905,000  -773,345,000 -973,828,000 -657,090,000  -1,949,239,000 -976,993,000 1,268,844,000       -126,531,000 
      increase in cash and cash equivalents
    321,140,000 -148,571,000 -20,337,000 -769,757,000 935,669,000 -16,672,000 82,114,000 399,960,000 -68,434,000 -317,958,000 533,795,000 20,108,000 60,280,000 26,311,000 -19,007,000 95,513,000 -852,376,000 354,962,000 -75,776,000 -70,700,000 -2,223,787,000 -418,753,000 3,055,480,000 -2,977,857,000                       
      cash and cash equivalents, beginning of period
    1,400,345,000 1,168,991,000 621,628,000 533,936,000 1,011,613,000 669,373,000 514,335,000 1,482,309,000  560,059,000         223,111,000 
      cash and cash equivalents, end of period
    321,140,000 -148,571,000 1,380,008,000 -769,757,000 935,669,000 -16,672,000 1,251,105,000 399,960,000 -68,434,000 -317,958,000 1,155,423,000 20,108,000 60,280,000 26,311,000 514,929,000 95,513,000 -852,376,000 354,962,000 935,837,000 -70,700,000 -2,223,787,000 -418,753,000 3,724,853,000 -2,977,857,000 3,167,454,000 42,974,000 436,802,000 -181,383,000 -18,529,000 347,040,000 367,207,000  19,791,000 -24,786,000 513,400,000  433,572,000 41,222,000 339,953,000 -7,333,000 31,248,000 299,037,000  -18,626,000 45,342,000 135,017,000 
      unrealized losses (gains) in fair value of publicly traded equity instruments and derivative instrument
       -36,740,000 49,345,000 -2,405,000 7,192,000                                        
      straight-line lease loss
       -5,152,000 -1,776,000 3,881,000 3,849,000 1,218,000 -1,245,000 2,981,000 6,912,000 3,783,000 6,355,000 5,842,000 9,254,000 3,605,000 7,483,000 5,603,000 5,928,000 13,411,000                           
      net proceeds from sale of assets
               147,000 486,000                               19,550,000 
      insurance proceeds for property restoration
           2,460,000       170,000 630,000 6,400,000 22,452,000 7,688,000   1,875,000 849,000 1,181,000 1,757,000 2,923,000                   
      purchase of treasury stock
           -34,978,000    -36,273,000         -178,515,000 -173,630,000 -7,628,000 -46,812,000 -79,395,000 -227,901,000                
      proceeds from (establishment of) trust account for special purpose acquisition company
                                                  
      liquidation of special purpose acquisition company
                                                  
      (gain) loss upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
        1,228,000                                          
      gain on disposal, exchange, or revaluation of equity interests
        -414,769,000 -167,390,000 -158,192,000                                      
      loss (income) from unconsolidated entities
          34,342,000                                        
      proceeds from sales of equity instruments
          1,152,180,000 301,563,000 1,588,000 978,000 100,000 25,986,000                              
      distributions to stockholders and preferred dividends
          -636,453,000 -620,077,000 -622,541,000 -606,181,000 -590,434,000 -588,389,000 -573,539,000 -559,069,000 -543,010,000 -542,608,000 -954,179,000 -427,505,000 -427,472,000 -398,592,000 -398,497,000 -835,000 -645,259,000 -645,278,000 -645,758,000 -633,686,000 -634,222,000 -619,461,000 -619,442,000 -604,082,000 -606,086,000  -560,382,000 -546,404,000 -548,521,000            
      loss on debt extinguishment
                   20,289,000 28,593,000 2,959,000                           
      unrealized (gains) losses in fair value of publicly traded equity instruments and derivative instrument
                                                  
      income from unconsolidated entities
                                                  
      proceeds from the special purpose acquisition company ipo, net of transaction costs
                   338,121,000                            
      cash paid to extinguish debt
                   -20,147,000 -27,050,000 -2,959,000                            
      gain upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                               -143,878,000                  
      unrealized (gains) losses in fair value of equity instruments
            6,176,000 -5,617,000 -20,608,000                                    
      loss upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                                                  
      (gain) loss on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                                                  
      unrealized losses in fair value of publicly traded equity instruments
                                                  
      liquidiation of special purpose acquisition company
                                                  
      gain on acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities, and impairment
                -17,263,000 17,875,000 -1,491,000                                
      gain on exchange of equity interests
                                                  
      unrealized losses in fair value of equity instruments
                14,562,000 17,818,000 31,032,000 -26,000 4,944,000 -24,000 3,201,000 -493,000 1,279,000                          
      establishment of trust account for special purpose acquisition company
                   -345,000,000                            
      (gain) loss upon acquisition of controlling interests, sale or disposal of, or recovery on, assets and interests in unconsolidated entities, and impairment
                                                  
      gain on sale or exchange of equity interests
                                                  
      (gain) loss on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                    -108,543,000                              
      accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities
                    88,098,000 119,782,000 -99,055,000 -21,626,000 124,915,000 61,842,000 -146,051,000 5,441,000 115,199,000 18,983,000 -126,523,000 52,151,000 52,106,000 45,108,000 -65,058,000  91,741,000 118,545,000 -106,868,000  -31,598,000 8,231,000 -26,392,000        
      gain on acquisition of controlling interest, sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                      -93,057,000                            
      gain on sale or disposal of, or recovery on, assets and interests in unconsolidated entities and impairment
                       16,792,000 91,285,000   -2,061,000 -10,141,000                      
      gain on interest in unconsolidated entity
                                                
      proceeds on loans to related parties
                                                  
      net cash from provided by financing activities
                                                  
      straight-line lease income
                         5,181,000 -8,706,000 -17,459,000 -17,321,000 -20,378,000 -11,981,000                    
      gain on sale or disposal of assets and interests in unconsolidated entities
                          -962,000                        
      unrealized losses (gains) in fair value of equity instruments
                            -2,154,000                      
      gains on sales of marketable securities
                                                  
      purchase of marketable and non-marketable securities
                            -113,522,000 -13,945,000 -6,905,000 1,710,000 -14,015,000 -1,716,000 -7,542,000  -1,666,000 337,000 -4,174,000            
      decrease in cash and cash equivalents
                             42,974,000 -77,533,000  -18,529,000 347,040,000 -1,115,102,000       41,222,000 -589,407,000       -88,094,000 
      unrealized change in fair value of equity instruments
                              -5,317,000 16,424,000 5,452,000 -9,693,000 3,029,000                
      pre-development project cost charge
                                                  
      straight-line rent
                               -3,402,000 -4,359,000 -4,288,000 -6,276,000  -9,463,000 -3,861,000 -8,109,000  -28,450,000 -4,019,000 -4,293,000       -3,285,000 
      proceeds from sales of marketable and non-marketable securities
                                                  
      (decrease)/increase in cash and cash equivalents
                                    19,791,000 -24,786,000 -46,659,000            
      adjustments to reconcile consolidated net income to net cash from operating activities —
                                                  
      changes in assets and liabilities —
                                                  
      gain upon acquisition of controlling interests, sale or disposal of assets and interests in unconsolidated entities and impairment
                                  -135,277,000                
      operating data:
                                                  
      total consolidated revenue
                                                  
      consolidated income from continuing operations
                                                  
      net income attributable to common stockholders - spg inc.
                                                  
      net income attributable to unitholders - spg l.p.
                                                  
      basic and diluted earnings per share/unit:
                                                  
      simon property group, inc.
                                                  
      income from continuing operations
                                                  
      discontinued operations
                                                  
      net income attributable to common stockholders
                                                  
      basic weighted-average shares outstanding
                                                  
      diluted weighted-average shares outstanding
                                                  
      dividends per share
                                                  
      simon property group, l.p.
                                                  
      net income attributable to unitholders
                                                  
      basic weighted-average units outstanding
                                                  
      diluted weighted-average units outstanding
                                                  
      distributions per unit
                                                  
      balance sheet data:
                                                  
      cash and cash equivalents
                                                  
      total assets
                                                  
      mortgages and other indebtedness
                                                  
      total equity
                                                  
      other data:
                                                  
      cash flow provided by:
                                                  
      operating activities
                                                  
      investing activities
                                                  
      financing activities
                                                  
      ratio of earnings to fixed charges and preferred stock dividends
                                                  
      funds from operations
                                                  
      dilutive ffo allocable to common stockholders
                                                  
      diluted ffo per share
                                                  
      ratio of earnings to fixed charges
                                                  
      gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities
                                                 
      purchase of treasury stock and limited partner units
                                    -244,479,000 -151,690,000            
      spg inc.
                                                  
      spg l.p.
                                                  
      gain on sale of marketable securities
                                                  
      proceeds from sale of marketable and non-marketable securities
                                                  
      purchase of preferred stock, limited partner units and treasury stock
                                                  
      net income
                                         74,220,000 112,787,000 112,995,000 101,263,000 122,590,000 92,883 52,750,000 45,923,000 40,124,000 
      adjustments to reconcile net income to net cash from operating activities –
                                                  
      gain on sales of assets and interests in unconsolidated entities
                                                  
      gain on disposal or sale of discontinued operations, net of limited partners’ interest
                                                  
      limited partners’ interest in the operating partnership
                                         15,448,000 25,878,000 24,962,000 21,920,000 27,588,000 19,860    
      limited partners’ interest in the results of operations from discontinued operations
                                         3,000 -41,000        
      minority interest
                                         3,136,000 2,910,000 3,154,000 3,433,000 925,000 3,174 2,486,000 3,115,000 2,116,000 
      minority interest distributions
                                         -47,915,000 -13,855,000       -4,072,000 
      changes in assets and liabilities –
                                                  
      notes receivable from related parties
                                         940,960,000 -1,473,540,000        
      cash impact from the consolidation and de-consolidation of properties
                                                  
      net proceeds from sale of partnership interests, other assets and discontinued operations
                                           40,475,000 8,819,000 53,864,000 10,141    
      proceeds from sales of common and preferred stock and other
                                         1,531,000 751,000 -3,291,000 14,572,000 1,891,000     
      purchase of limited partner units
                                         -12,628,000 -14,987,000        
      preferred stock redemptions
                                                  
      mortgage and other indebtedness proceeds, net of transaction costs
                                         1,048,732,000 1,918,674,000 1,179,455,000 989,848,000 1,262,180,000 357,093    
      mortgage and other indebtedness principal payments
                                         -1,758,252,000 -379,974,000        
      cash and cash equivalents, beginning of year
                                         929,360,000 337,048,000    
      gain on sales of interests in unconsolidated entities
                                                  
      loss on disposal or sale of discontinued operations, net of limited partners’ interest
                                                  
      net proceeds from sale of partnership interests and discontinued operations
                                                  
      adjustments to reconcile net income to net cash from operating activities —
                                                  
      gain on disposal or sale of discontinued operations
                                             28,000     
      cash impact from the de-consolidation of a property
                                                  
      purchase of preferred stock, limited partner units, and treasury stock
                                                  
      adjustments to reconcile net income to net cash from operating activities — depreciation and amortization
                                                  
      (gain) loss on sales of assets and other
                                                  
      (gain) loss on disposal or sale of discontinued operations
                                                  
      cash from acquisitions
                                                  
      proceeds from sales of common and preferred stock
                                              51 3,087,000 3,604,000 559,000 
      minority interest contributions
                                                  
      cash and cash equivalents, end of year
                                                  
      adjustments to reconcile net income to net cash from operating activities—
                                                  
      extraordinary items
                                               220,000 25,000 
      cumulative effect of accounting change
                                               1,638,000 
      gain on sales of assets, net of asset write downs of 0 and 10,572, respectively
                                                  
      limited partners' interest in operating partnerships
                                               13,780,000 13,878,000 11,742,000 
      preferred dividends of subsidiary
                                               7,334,000 7,334,000 
      preferred distributions of the spg operating partnership
                                               2,835,000 2,835,000 2,912,000 
      changes in assets and liabilities—
                                                  
      accounts payable, accrued expenses and other liabilities
                                                 -96,076,000 
      cash from consolidation of asp
                                                 
      net proceeds from sale of assets and investment
                                                  
      distributions from unconsolidated entities
                                               33,311,000 70,907,000 41,107,000 
      investments in and advances (to)/from management company and affiliate
                                                 -32,183,000 
      preferred dividends and distributions to shareholders
                                                 -95,276,000 
      mortgage and other note proceeds, net of transaction costs
                                               787,107,000 87,594,000 577,540,000 
      mortgage and other note principal payments
                                                 -562,244,000 
      gain on sales of assets, net of asset write downs of 0 and
                                                  
      and 10,572, respectively
                                                  
      the accompanying notes are an integral part of these statements.
                                                  
      gain on sales of assets
                                                 -2,711,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.