Simon 2021 Annual Report

Accumulated Other Comprehensive Capital in Common Stock Preferred Common Income Excess of Par Accumulated Held in Noncontrolling Total Stock Stock (Loss) Value Deficit Treasury Interests Equity Exchange of limited partner units (58,571 common shares, Note 8) . . . . . . . . . . . . . . 539 (539) — Series J preferred stock premium amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . (328) (328) Stock incentive program (80,012 common shares, net) . . . . . . . . . . . . . . . . . . . . . . (9,229) 9,229 — Redemption of limited partner units (15,705 units) . . . . . . . . . . . . . . . . . . . . . . . . . (2,061) (159) (2,220) Amortization of stock incentive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,673 19,673 Long-term incentive performance units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,755 17,755 Issuance of unit equivalents and other (20,374 common shares repurchased) . . . . . . . 5,760 (44,319) (2,318) 18,494 (22,383) Unrealized gain on hedging activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44,676 6,438 51,114 Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (33,932) (4,840) (38,772) Changes in available-for-sale securities and other . . . . . . . . . . . . . . . . . . . . . . . . (886) (128) (1,014) Net gain reclassified from accumulated other comprehensive loss into earnings . . . . (6,369) (916) (7,285) Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,489 554 4,043 Adjustment to limited partners' interest from change in ownership in the Operating Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,620 (18,620) — Distributions to common stockholders and limited partners, excluding Operating Partnership preferred interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,926,706) (276,698) (2,203,404) Distribution to other noncontrolling interest partners . . . . . . . . . . . . . . . . . . . . . . . . (2,708) (2,708) Net income, excluding $1,915 attributable to preferred interests in the Operating Partnership and a $3,419 loss attributable to noncontrolling redeemable interests in properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,249,631 320,580 2,570,211 Balance at December 31, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,763 $ 34 $ (185,186) $ 11,212,990 $ (5,823,708) $ (1,884,441) $ 491,533 $ 3,852,985

The accompanying notes are an integral part of these statements.

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