Simon 2021 Annual Report

Preferred Simon (Managing Limited Noncontrolling Total Units General Partner) Partners Interests Equity Series J preferred stock premium and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (328) (328) Limited partner units exchanged to common units (58,571 units) . . . . . . . . . . . . . . . . . . . . . . . . . . . 539 (539) — Stock incentive program (80,012 common units, net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — Amortization of stock incentive . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,673 19,673 Redemption of limited partner units (15,705 units) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,061) (159) (2,220) Long-term incentive performance units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,755 17,755 Issuance of unit equivalents and other (20,374 common units) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (40,877) 1 18,493 (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, excluding distributions on preferred interests classified as temporary equity . . . . . . . . . . (3,337) (1,923,369) (276,698) (2,708) (2,206,112) Net income, excluding preferred distributions on temporary equity preferred units of $1,915 and a $3,419 loss attributable to noncontrolling redeemable interests in properties . . . . . . . . . . . . . . . . . 3,337 2,246,294 323,214 (2,634) 2,570,211 Balance at December 31, 2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 41,763 $ 3,319,689 $ 477,292 $ 14,241 $ 3,852,985 The accompanying notes are an integral part of these statements.

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