Simon 2021 Annual Report

Mortgage and Unsecured Debt As of December 31, 2021 (Dollars in thousands)

Interest

Face

Annual Debt Maturity

Service (1)

Date

Property Name

Rate

Amount

Yeoju Premium Outlets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Joint Venture Secured Indebtedness at Face Value . TMLP Indebtedness at Face Value . . . . . . . . . . . . . . . . . . . . Total Joint Venture and TMLP Indebtedness at Face Value . Debt Issuance Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Joint Venture Indebtedness . . . . . . . . . . . . . . . . . . . Our Share of Joint Venture Indebtedness . . . . . . . . . . . . .

2.95 %

56,316 (17)

1,953 (2) 09/28/24

14,898,156

363,137 (29)

15,261,293

(37,583)

$ 15,223,710

$ 6,994,873 (31)

(1) Variable rate loans based on one-month (1M) LIBOR plus interest rate spreads ranging from 110 bps to 324 bps. 1M LIBOR as of December 31, 2021 was 0.10%. (2) Requires monthly payment of interest only. (3) Includes applicable extension available at the Applicable Borrower's option. (4) Variable rate loans based on 1M CDOR plus interest rate spreads ranging from 120 bps to 155 bps. 1M CDOR at December 31, 2021 was 0.45%. (5) Amount shown in USD equivalent. CAD equivalent is 705.6 million. (6) Requires annual payment of interest only. (7) Variable rate loans based on Cost of Fund plus interest rate spreads of 175 bps. Cost of Fund as of December 31, 2021 was 2.22%. (8) Mortgage is outstanding as of 12/31/2021, the single purpose entity borrower and the lender are currently working together to extend the maturity date of this non-recourse loan. (9) Amount shown in USD equivalent. Ringgit equivalent is 79.4 million. (10) Amount shown in USD equivalent. Euro equivalent is 500.0 million. (11) Amount shown in USD equivalent. Baht equivalent is 2.4 billion. (12) Variable rate loans based on six-month (6M) TIBOR plus interest rate spreads ranging from 15 bps to 35 bps. As of December 31, 2021, 6M TIBOR was 0.14%. (13) Amount shown in USD equivalent. Euro equivalent is 750.0 million. (14) Requires semi-annual payments of interest only. (15) Credit Facilities. As of December 31, 2021, the Credit Facilities bear interest at a SOFR index subject to a 10bps adjustment plus 72.5 bps credit spread. The Credit Facilities provide for different pricing based upon our investment grade rating. As of December 31, 2021, $5.8 billion was available after outstanding borrowings and letters of credit under our Credit Facilities. (16) Reflects the weighted average maturity date and weighted average interest rate of all outstanding tranches of commercial paper at December 31, 2021. (17) Amount shown in USD equivalent. Won equivalent is 397.0 billion. (18) City of Sunrise Bond Liability (Sawgrass Mills). (19) Loans secured by these three properties are cross-collateralized and cross-defaulted. (20) Loans secured by these two properties are cross-collateralized and cross-defaulted. (21) Amount shown in USD equivalent. GBP equivalent is 100.0 million. (22) Variable rate loan based on three-month (3M) EURIBOR, which is subject to a floor of 0.00%, plus an interest rate spread of 275 bps.

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