Simon 2021 Annual Report

United States Lease Expirations The following table summarizes lease expiration data for our U.S. malls and Premium Outlets, including Puerto Rico, as of December 31, 2021. The data presented does not consider the impact of renewal options that may be contained in leases and excludes data related to TRG.

U.S. MALLS AND PREMIUM OUTLETS LEASE EXPIRATIONS (1)

Avg. Base

Percentage of Gross

Number of

Minimum Rent

Annual Rental Revenues (2)

Year

Leases Expiring Square Feet PSF at 12/31/2021

Inline Stores and Freestanding Month to Month Leases . . . . . . . . . . . . . . 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2032 and Thereafter . . . . . . . . . . . . . . . . Specialty Leasing Agreements w/ terms in excess of 12 months . . . . . . . Anchors Month to Month Leases . . . . . . . . . . . . . . 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2026 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2027 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2028 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2029 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2030 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2031 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2032 and Thereafter . . . . . . . . . . . . . . . .

555 1,782,236 $ 2,832 10,341,505 $ 2,744 10,870,312 $ 2,545 10,148,796 $ 1,559 6,342,247 $ 1,506 5,711,401 $ 941 3,996,411 $ 749 3,388,618 $ 735 3,151,125 $ 457 2,159,987 $ 294 1,600,032 $ 467 2,158,120 $ 1 138,409 $ 2 338,166 $ 16 2,110,674 $ 16 1,465,287 $ 17 1,676,634 $ 16 1,702,455 $ 12 1,682,163 $ 6 622,099 $ 5 556,306 $ 7 754,336 $ 5 427,004 $ 22 2,323,486 $ 2,597 6,874,720 $

55.85 50.49 57.33 54.59 62.44 57.12 60.60 63.78 66.89 67.28 56.87 46.69

1.9 % 9.6 %

10.4 % 10.5 %

7.5 % 6.1 % 4.6 % 4.1 % 3.8 % 2.6 % 1.6 % 2.0 % 0.0 % 0.0 % 0.2 % 0.2 % 0.2 % 0.2 % 0.1 % 0.1 % 0.0 % 0.1 % 0.0 % 0.6 % 2.3 %

17.91

1.18 4.98 4.76 8.10 6.70 5.01 3.93 7.12 4.51 8.54

12.18 13.48

(1) Does not consider the impact of renewal options that may be contained in leases. (2) Annual rental revenues represent domestic 2021 consolidated and joint venture combined base rental revenue.

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