Item 1C. Cybersecurity

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Item 1C. Cybersecurity

Cybersecurity Risk Management and Strategy

We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. We execute a risk-based approach to identify and assess the cybersecurity threats that could affect our business and information systems. Our cybersecurity risk management program includes a cybersecurity incident response plan and dedicated cybersecurity incident response team (“CSIRT”). We do not have actual or contractual access to the systems or information maintained by our tenants, who maintain their own cybersecurity risk management programs to protect their operations from various risks from cybersecurity threats.

We use the National Institute of Standards and Technology Cybersecurity Framework and CIS Critical Security Controls as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. This does not imply that we meet any particular technical standards, specifications, or requirements.

Our cybersecurity risk management program is integrated with our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, public relations and financial risk areas.

Our cybersecurity risk management program includes the following key elements:

	●	risk assessments designed to help identify material cybersecurity risks to our critical systems, information, services, and our broader enterprise information technology (IT) environment;

	●	a team comprised of IT security, infrastructure, and compliance personnel principally responsible for directing (1) our cybersecurity risk assessment processes, (2) our security processes, and (3) our response to cybersecurity incidents, supported by legal, human resources, corporate security and other internal resources;

	●	the use of external cybersecurity service providers, where appropriate, to assess, test or otherwise assist with aspects of our security processes, which enable us to leverage specialized knowledge and insights, with the goal of ensuring our cybersecurity strategies and processes remain at the forefront of industry best practices;

	●	cybersecurity awareness training of employees with access to our IT systems;

	●	a cybersecurity incident response plan and Security Operations Center (“SOC”) to respond to cybersecurity incidents; and

	●	a third-party risk management process for service providers.

We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected us, including our operations, business strategy, results of operations, or financial condition. We face certain ongoing risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. See further discussion in Item 1A. Risk Factors.

Cybersecurity Governance

Our Board of Directors considers cybersecurity risk as critical to the enterprise and delegates the cybersecurity risk oversight function to the Audit Committee. The Audit Committee oversees and is regularly updated on management’s design, implementation and enforcement of our cybersecurity risk management program. The Audit Committee is composed of board members with varied expertise including, risk management, technology, and finance, equipping them to oversee cybersecurity risks.

Our Chief Financial Officer periodically provides reports to the Audit Committee, and, together with our Chief Technology Officer and Director of Cybersecurity, leads the Company’s overall cybersecurity function. The Audit Committee receives regular reports on our cybersecurity risks, including briefings on our cyber risk management program and cybersecurity incidents. Audit Committee members also receive periodic presentations on cybersecurity, IT and data protection topics.

Our Chief Financial Officer oversees our CSIRT, whose members have years of experience working in cybersecurity and certifications including CISSP (Certified Information Systems Security Professional), CCSP (Certified Cloud Security Professional), CGRC (Certification in Governance of Enterprise IT), GIAC (Global Information Assurance Certification) and GCED (GIAC Certified Enterprise Defender). Our CSIRT supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which include briefings from internal security personnel; threat intelligence and other information obtained from governmental, public or private sources, including external cybersecurity service providers; and alerts and reports produced by security tools deployed in the IT environment.

The CSIRT is responsible for assessing and managing our material risks from cybersecurity threats. They have primary responsibility for leading our overall cybersecurity risk management program and supervise both our internal cybersecurity personnel and our external cybersecurity service providers.

Item 2. Properties

United States Properties

Our U.S. properties primarily consist of malls, Premium Outlets, The Mills, lifestyle centers and other retail properties. These properties contain an aggregate of approximately 170.7 million square feet of gross leasable area, or GLA.

Malls typically contain at least one department store anchor or a combination of anchors and big box retailers with a wide variety of smaller stores connecting the anchors. Additional stores are usually located along the perimeter of the parking area. Our 92 malls generally range in size from approximately 280,000 to 2.7 million square feet of GLA.

Premium Outlets generally contain a wide variety of designer and manufacturer stores. Our 70 Premium Outlets range in size from approximately 150,000 to 920,000 square feet of GLA. The Premium Outlets are generally located within a close proximity to major metropolitan areas and/or tourist destinations.

The 14 properties in The Mills generally range in size from 1.2 million to 2.4 million square feet of GLA and are located in major metropolitan areas. They have a combination of traditional mall, outlet center, big box retailers and entertainment uses.

We also have interests in six lifestyle centers and 12 other retail properties. The lifestyle centers range in size from 170,000 to 950,000 square feet of GLA. The other retail properties range in size from approximately 190,000 to 1.2 million square feet of GLA and are considered non-core to our business model.

As of December 31, 2024, approximately 96.5% of the owned GLA in malls and Premium Outlets was leased and approximately 98.8% of the owned GLA for The Mills was leased.

We wholly own 130 of our properties, effectively control 12 properties in which we have a joint venture interest, and hold the remaining 52 properties through unconsolidated joint venture interests. We are the managing or co-managing general partner or member of 186 properties in the United States. Certain of our joint venture properties are subject to various rights of first refusal, buy-sell provisions, put and call rights, or other sale or marketing rights for partners which are customary in real estate partnership agreements and the industry. We and our partners in these joint ventures may initiate these provisions (subject to any applicable lock up or similar restrictions) which may result in either the sale of our interest or the use of available cash or borrowings, or the use of Operating Partnership units, to acquire the joint venture interest from our partner.

We own an 88% noncontrolling interest in TRG, which has an interest in 22 regional, super-regional, and outlet malls in the U.S. Our effective ownership in these properties, through our investment in TRG, ranges from 44% to 88%.

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

The following property table summarizes certain data for our malls, Premium Outlets, The Mills, lifestyle centers and other retail properties located in the United States, including Puerto Rico, as of December 31, 2024.


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Larger Retailers and Uses
	Malls
1.	Apple Blossom Mall	VA	Winchester	Fee	49.1	% (4)	Acquired 1999	88.7	%	473,913	Belk, JCPenney, AMC Cinemas
2.	Auburn Mall	MA	Auburn	Fee	56.4	% (4)	Acquired 1999	97.1	%	499,285	Macy's, Reliant Medical (14)
3.	Aventura Mall (1)	FL	Miami Beach (Miami)	Fee	33.3	% (4)	Built 1983	95.8	%	2,129,918	Bloomingdale's, Macy's (8), JCPenney, Nordstrom, Equinox Fitness Clubs, AMC Theatres
4.	Barton Creek Square	TX	Austin	Fee	100.0	%	Built 1981	96.7	%	1,450,115	Nordstrom, Macy's, Dillard's (8), JCPenney, AMC Theatres
5.	Battlefield Mall	MO	Springfield	Fee and Ground Lease (2056)	100.0	%	Built 1970	96.7	%	1,202,729	Macy's, Dillard's (8), JCPenney
6.	Bay Park Square	WI	Green Bay	Fee	100.0	%	Built 1980	95.6	%	690,365	Kohl's, Marcus Cinema 16, Dave & Buster's, Steinhafel Furniture, Hy-Vee
7.	Brea Mall	CA	Brea (Los Angeles)	Fee	100.0	%	Acquired 1998	99.3	%	1,335,366	Nordstrom, Macy's (8), JCPenney, Life Time (6), Dick's Sporting Goods (6)
8.	Briarwood Mall	MI	Ann Arbor	Fee	50.0	% (4)	Acquired 2007	84.7	%	869,500	Macy's, JCPenney, Von Maur, Harvest Market (6), Hilton Garden Inn (14), Towne Place Suites by Marriott (14)
9.	Brickell City Centre (1)	FL	Miami	Fee	25.0	% (4)	Built 2016	96.8	%	474,867	Saks Fifth Avenue, Cinemex, EAST Miami Hotel (14)
10.	Broadway Square	TX	Tyler	Fee	100.0	%	Acquired 1994	99.5	%	613,158	Dillard's, JCPenney, Dick's Sporting Goods, HomeGoods
11.	Burlington Mall	MA	Burlington (Boston)	Fee and Ground Lease (2026) (7)	100.0	%	Acquired 1998	95.5	%	1,262,065	Macy's, Nordstrom, Crate & Barrel, Primark, Arhaus Furniture
12.	Cape Cod Mall	MA	Hyannis	Fee and Ground Leases (2029-2073) (7)	56.4	% (4)	Acquired 1999	91.8	%	706,332	Macy's (8), Best Buy, Marshalls, Barnes & Noble, Target, Dick's Sporting Goods, Planet Fitness, That's Entertainment (6)
13.	Castleton Square	IN	Indianapolis	Fee	100.0	%	Built 1972	99.0	%	1,363,966	Macy's, Von Maur, JCPenney, Dick's Sporting Goods, AMC Theatres
14.	Cielo Vista Mall	TX	El Paso	Fee and Ground Lease (2027) (7)	100.0	%	Built 1974	99.3	%	1,245,350	Macy's, Dillard's (8), JCPenney, Cinemark Theatres, Primark (6)
15.	Coconut Point	FL	Estero	Fee	50.0	% (4)	Built 2006	94.8	%	1,123,228	Dillard's, Barnes & Noble, Best Buy, DSW, Office Max, PetSmart, Ross, T.J. Maxx, Super Target, Michael's, Total Wine & More, JoAnn Fabrics, Home Centric, PGA TOUR Superstore, Hyatt Place Coconut Point (14), TownePlace Suites by Marriott (14)
16.	College Mall	IN	Bloomington	Fee and Ground Lease (2048) (7)	100.0	%	Built 1965	89.8	%	579,688	Target, Dick's Sporting Goods, Fresh Thyme, Dave & Buster's
17.	Columbia Center	WA	Kennewick	Fee	100.0	%	Acquired 1987	97.8	%	763,413	Macy's (8), JCPenney, Barnes & Noble, DSW, Home Goods, Dick's Sporting Goods, JoAnn Fabrics
18.	Copley Place	MA	Boston	Fee	94.4	% (10)	Acquired 2002	97.3	%	1,252,704	Neiman Marcus, Saks Fifth Avenue Men's, Boston Marriott Copley Place (14), The Westin Copley Place (14)
19.	Coral Square	FL	Coral Springs (Miami)	Fee	97.2	%	Built 1984	95.0	%	944,809	Macy's (8), JCPenney, Kohl's
20.	Cordova Mall	FL	Pensacola	Fee	100.0	%	Acquired 1998	97.1	%	936,991	Dillard's, Belk, Best Buy, Cost Plus World Market, Ross, Dick's Sporting Goods
21.	Dadeland Mall	FL	Miami	Fee	50.0	% (4)	Acquired 1997	99.0	%	1,510,891	Saks Fifth Avenue, Macy's (8), JCPenney, AC Hotel by Marriott
22.	Del Amo Fashion Center	CA	Torrance (Los Angeles)	Fee	50.0	% (4)	Acquired 2007	96.2	%	2,506,531	Nordstrom, Macy's (8), JCPenney, Marshalls, Barnes & Noble, JoAnn Fabrics, AMC Theatres, Dick's Sporting Goods, Dave & Buster's, Mitsuwa Marketplace
23.	Domain, The	TX	Austin	Fee	100.0	%	Built 2006	98.3	%	1,234,018	Neiman Marcus, Macy's, Dillard's, Dick's Sporting Goods, iPic Theaters, Arhaus Furniture, Punch Bowl Social, Westin Austin at The Domain, Lone Star Court (14), (15)
24.	Empire Mall	SD	Sioux Falls	Fee and Ground Lease (2033) (7)	100.0	%	Acquired 1998	92.9	%	1,169,027	Macy's, JCPenney, Hy-Vee, Dick's Sporting Goods, Crunch Fitness, Dillard's
25.	Falls, The	FL	Miami	Fee	50.0	% (4)	Acquired 2007	98.0	%	710,162	Macy's, Regal Cinema, The Fresh Market, LifeTime Athletic
26.	Fashion Centre at Pentagon City, The	VA	Arlington (Washington, DC)	Fee	42.5	% (4)	Built 1989	97.0	%	1,036,072	Nordstrom, Macy's, The Ritz-Carlton (14)
27.	Fashion Mall at Keystone, The	IN	Indianapolis	Fee and Ground Lease (2067) (7)	100.0	%	Acquired 1997	97.1	%	709,665	Nordstrom, Crate & Barrel, Keystone Art Cinema, Sheraton (14)
28.	Fashion Valley	CA	San Diego	Fee	50.0	% (4)	Acquired 2001	99.6	%	1,722,068	Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, JCPenney, AMC Theatres, The Container Store

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Larger Retailers and Uses
29.	Firewheel Town Center	TX	Garland (Dallas)	Fee	100.0	%	Built 2005	91.3	%	994,880	Dillard's, Macy's, Barnes & Noble, DSW, AMC Theatres, Dick's Sporting Goods, Kids Empire/Hapik, (15)
30.	Florida Mall, The	FL	Orlando	Fee	50.0	% (4)	Built 1986	99.3	%	1,726,986	Macy's, Dillard's, JCPenney, H&M, Zara, American Girl, Dick's Sporting Goods, Crayola Experience, Primark, The Florida Hotel and Conference Center (14)
31.	Forum Shops at Caesars Palace, The	NV	Las Vegas	Ground Lease (2050)	100.0	%	Built 1992	96.3	%	676,614	Caesars Palace Las Vegas Hotel and Casino (14)
32.	Galleria, The	TX	Houston	Fee	50.4	% (4)	Acquired 2002	96.2	%	2,003,718	Saks Fifth Avenue, Neiman Marcus, Nordstrom, Macy's, The Westin Galleria (14), The Westin Oaks (14), Life Time Tennis
33.	Greenwood Park Mall	IN	Greenwood (Indianapolis)	Fee	100.0	%	Acquired 1979	96.7	%	1,285,123	Macy's, Von Maur, JCPenney, Dick's Sporting Goods, Barnes & Noble, Regal Cinema, Dave & Buster's
34.	Haywood Mall	SC	Greenville	Fee and Ground Lease (2067) (7)	100.0	%	Acquired 1998	96.4	%	1,251,792	Macy's, Dillard's, JCPenney, Belk
35.	King of Prussia	PA	King of Prussia (Philadelphia)	Fee	100.0	%	Acquired 2003	97.6	%	2,665,604	Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Arhaus Furniture, Dick's Sporting Goods, Primark, Eataly (6), Netflix House (6)
36.	La Plaza Mall	TX	McAllen	Fee and Ground Lease (2040) (7)	100.0	%	Built 1976	97.4	%	1,323,668	Macy's (8), Dillard's, JCPenney, Primark, Wingate by Wyndham (14)
37.	Lakeline Mall	TX	Cedar Park (Austin)	Fee	100.0	%	Built 1995	95.4	%	1,098,836	Dillard's (8), Macy's, JCPenney, AMC Theatres
38.	Lehigh Valley Mall	PA	Whitehall	Fee	50.0	% (4)	Acquired 2003	97.5	%	1,191,946	Macy's, JCPenney, Boscov's, Barnes & Noble, Michael's, Dave & Buster's, Golf Galaxy
39.	Lenox Square	GA	Atlanta	Fee	100.0	%	Acquired 1998	98.8	%	1,584,380	Neiman Marcus, Bloomingdale's, Macy's, JW Marriott (14), Hyatt Centric (13)
40.	Mall at Rockingham Park, The	NH	Salem (Boston)	Fee	28.2	% (4)	Acquired 1999	96.2	%	1,063,618	JCPenney, Macy's, Dick's House of Sport, Cinemark Theatre
41.	Mall of Georgia	GA	Buford (Atlanta)	Fee	100.0	%	Built 1999	96.9	%	1,849,040	Dillard's, Macy's, JCPenney, Belk, Dick's Sporting Goods, Barnes & Noble, Havertys Furniture, Regal Cinema, Von Maur
42.	Mall of New Hampshire, The	NH	Manchester	Fee and Ground Lease (2027-2029) (7)	56.4	% (4)	Acquired 1999	97.0	%	803,782	Macy's, JCPenney, Best Buy, Dick's Sporting Goods, Dave & Buster's
43.	McCain Mall	AR	N. Little Rock	Fee	100.0	%	Built 1973	92.1	%	789,505	Dillard's, JCPenney, Regal Cinema
44.	Meadowood Mall	NV	Reno	Fee	50.0	% (4)	Acquired 2007	97.8	%	929,919	Macy's (8), JCPenney, Dick's Sporting Goods, Crunch Fitness, Round 1
45.	Menlo Park Mall	NJ	Edison (New York)	Fee	100.0	%	Acquired 1997	96.5	%	1,263,066	Nordstrom, Macy's, Barnes & Noble, AMC Dine-In Theatre, Round 1 (6)
46.	Miami International Mall	FL	Miami	Fee	95.0	%	Built 1982	98.9	%	1,080,692	Macy's (8), JCPenney
47.	Midland Park Mall	TX	Midland	Fee	100.0	%	Built 1980	99.9	%	645,351	Dillard's (8), JCPenney, Ross, Dick's Sporting Goods
48.	Miller Hill Mall	MN	Duluth	Fee	100.0	%	Built 1973	93.6	%	827,599	JCPenney, Barnes & Noble, DSW, Dick's Sporting Goods, Essentia Health West, Essentia Health East
49.	North East Mall	TX	Hurst (Dallas)	Fee	100.0	%	Built 1971	96.8	%	1,547,321	Dillard's, Macy's, JCPenney, Dick's Sporting Goods, Cinemark Theatres, Primark (6)
50.	Northshore Mall	MA	Peabody (Boston)	Fee	56.4	% (4)	Acquired 1999	97.0	%	1,591,420	JCPenney, Macy's (8), Barnes & Noble, Shaw's Grocery, The Container Store, Tesla Sales and Service, Life Time Athletic, L.L. Bean, Arhaus Furniture, Dick's House of Sport (6)
51.	Ocean County Mall	NJ	Toms River (New York)	Fee	100.0	%	Acquired 1998	98.1	%	889,983	Macy's, Boscov's, JCPenney, LA Fitness, HomeSense, Ulta
52.	Orland Square	IL	Orland Park (Chicago)	Fee	100.0	%	Acquired 1997	100.0	%	1,230,541	Macy's, JCPenney, Dave & Buster's, Von Maur
53.	Penn Square Mall	OK	Oklahoma City	Ground Lease (2060)	94.5	%	Acquired 2002	98.5	%	1,082,982	Macy's, Dillard's (8), JCPenney, AMC Theatres, The Container Store
54.	Pheasant Lane Mall	NH	Nashua	-	—	% (11)	Acquired 2002	93.8	%	978,210	JCPenney, Target, Macy's, Dick's Sporting Goods, The Nash Casino (6)
55.	Phipps Plaza	GA	Atlanta	Fee	100.0	%	Acquired 1998	94.6	%	968,041	Saks Fifth Avenue, Nordstrom, AMC Theatres, Arhaus Furniture, Legoland Discovery Center, AC Hotel by Marriott, Life Time Athletic, Life Time Work, Nobu Hotel and Restaurant, (15)
56.	Plaza Carolina	PR	Carolina (San Juan)	Fee	100.0	%	Acquired 2004	91.1	%	1,156,435	JCPenney, Tiendas Capri, Econo, T.J. Maxx, Caribbean Cinemas, Burlington
57.	Prien Lake Mall	LA	Lake Charles	Fee and Ground Lease (2040) (7)	100.0	%	Built 1972	91.9	%	718,224	Dillard's, JCPenney, Cinemark Theatres, Kohl's, Dick's Sporting Goods, T.J. Maxx/HomeGoods
58.	Quaker Bridge Mall	NJ	Lawrenceville	Fee	50.0	% (4)	Acquired 2003	95.8	%	1,079,422	Macy's, JCPenney

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Larger Retailers and Uses
59.	Rockaway Townsquare	NJ	Rockaway (New York)	Fee	100.0	%	Acquired 1998	97.5	%	1,242,193	Macy's, JCPenney, Raymour & Flanigan
60.	Roosevelt Field	NY	Garden City (New York)	Fee and Ground Lease (2090) (7)	100.0	%	Acquired 1998	99.3	%	2,346,538	Bloomingdale's, Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, AMC Entertainment, Neiman Marcus, Primark, Residence Inn by Marriott
61.	Ross Park Mall	PA	Pittsburgh	Fee	100.0	%	Built 1986	97.9	%	1,185,581	JCPenney, Nordstrom, L.L. Bean, Macy's (8), Crate & Barrel, Dick's House of Sport
62.	Santa Rosa Plaza	CA	Santa Rosa	Fee	100.0	%	Acquired 1998	96.9	%	697,785	Macy's, Dave & Buster's (6)
63.	Shops at Chestnut Hill, The	MA	Chestnut Hill (Boston)	Fee	94.4	%	Acquired 2002	96.7	%	470,374	Bloomingdale's (8)
64.	Shops at Clearfork, The	TX	Fort Worth	Fee	45.0	% (4)	Built 2017	97.8	%	556,086	Neiman Marcus, Arhaus Furniture, AMC Theatres, Pinstripes, (15)
65.	Shops at Crystals, The	NV	Las Vegas	Fee	50.0	% (4)	Acquired 2016	96.9	%	279,383	Aria Resort and Casino (14)
66.	Shops at Mission Viejo, The	CA	Mission Viejo (Los Angeles)	Fee	51.0	% (4)	Built 1979	95.4	%	1,261,122	Nordstrom, Macy's (8), Dick's Sporting Goods, Round 1
67.	Shops at Riverside, The	NJ	Hackensack (New York)	Fee	100.0	%	Acquired 2007	96.0	%	726,812	Bloomingdale's, Barnes & Noble, Arhaus Furniture, AMC Theatres, Life Time Studio
68.	Smith Haven Mall	NY	Lake Grove (New York)	Fee	100.0	%	Acquired 1995	97.4	%	1,249,052	Macy's (8), Dick's Sporting Goods, Barnes & Noble, L.L. Bean, Primark, Stony Brook Medical
69.	South Hills Village	PA	Pittsburgh	Fee	100.0	%	Acquired 1997	97.7	%	1,126,902	Macy's (8), Barnes & Noble, AMC Cinemas, Dick's Sporting Goods, Target, DSW, Ulta, Von Maur, Ashley HomeStore
70.	South Shore Plaza	MA	Braintree (Boston)	Fee	100.0	%	Acquired 1998	94.7	%	1,583,985	Macy's, Target, Primark, Dick's House of Sport (6)
71.	Southdale Center	MN	Edina (Minneapolis)	Fee	100.0	%	Acquired 2007	89.7	%	1,160,079	Macy's, AMC Theatres, Dave & Buster's, RH Minneapolis, Life Time Athletic, Life Time Work/Sport, Kowalski's Market, PuttShack, Homewood Suites by Hilton, (15)
72.	SouthPark	NC	Charlotte	Fee and Ground Lease (2040) (9)	100.0	%	Acquired 2002	98.6	%	1,705,672	Neiman Marcus, Nordstrom, Macy's, Dillard's, Belk, Dick's Sporting Goods, Crate & Barrel, The Container Store, (15)
73.	Springfield Mall (1)	PA	Springfield (Philadelphia)	Fee	50.0	% (4)	Acquired 2005	92.3	%	610,120	Macy's, Target
74.	St. Charles Towne Center	MD	Waldorf (Washington, DC)	Fee	100.0	%	Built 1990	92.7	%	980,164	Macy's (8), JCPenney, Kohl's, Dick Sporting Goods, AMC Theatres
75.	St. Johns Town Center	FL	Jacksonville	Fee	50.0	% (4)	Built 2005	99.4	%	1,443,503	Nordstrom, Dillard's, Arhaus Furniture, Dick's Sporting Goods, Barnes & Noble, RH Jacksonville, Homewood Suites by Hilton (14), AC Hotel by Marriott
											Target, Ashley Furniture Home Store, Ross, DSW, JoAnn Fabrics, PetsMart, Marshalls
76.	Stanford Shopping Center	CA	Palo Alto (San Jose)	Ground Lease (2064)	94.4	% (10)	Acquired 2003	99.3	%	1,320,750	Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate and Barrel, The Container Store, Wilkes Bashford, RH Palo Alto
77.	Stoneridge Shopping Center	CA	Pleasanton (San Francisco)	Fee	49.9	% (4)	Acquired 2007	97.3	%	1,295,917	Macy's (8), JCPenney, Arhaus Furniture
78.	Summit Mall	OH	Akron	Fee	100.0	%	Built 1965	93.7	%	774,829	Dillard's (8), Macy's, Arhaus Furniture
79.	Tacoma Mall	WA	Tacoma (Seattle)	Fee	100.0	%	Acquired 1987	90.4	%	1,260,754	Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, Nordstrom Rack, Total Wine and More, Ulta, Kohl's
80.	Tippecanoe Mall	IN	Lafayette	Fee	100.0	%	Built 1973	89.3	%	864,871	Macy's, JCPenney, Kohl's, Dick's Sporting Goods, Malibu Jack's
81.	Town Center at Boca Raton	FL	Boca Raton (Miami)	Fee	100.0	%	Acquired 1998	99.5	%	1,779,516	Saks Fifth Avenue, Neiman Marcus, Bloomingdale's, Nordstrom, Macy's, Crate & Barrel, The Container Store, Joseph's Classic Market, Arhaus Furniture
82.	Towne East Square	KS	Wichita	Fee	100.0	%	Built 1975	99.8	%	1,157,209	Dillard's, Von Maur, JCPenney, Round 1, Scheels
83.	Treasure Coast Square	FL	Jensen Beach	Fee	100.0	%	Built 1987	93.3	%	875,178	Macy's, Dillard's, JCPenney, Regal Cinema
84.	Tyrone Square	FL	St. Petersburg (Tampa)	Fee	100.0	%	Built 1972	87.5	%	955,887	Macy's, Dillard's, JCPenney, DSW, Cobb 10 Luxury Theatres, Dick's Sporting Goods, Hitchcock's Green Market, PetSmart
85.	University Park Mall	IN	Mishawaka	Fee	100.0	%	Built 1979	96.2	%	917,876	Macy's, JCPenney, Barnes & Noble
86.	Walt Whitman Shops	NY	Huntington Station (New York)	Fee and Ground Lease (2052) (7)	100.0	%	Acquired 1998	99.1	%	1,083,140	Saks Fifth Avenue, Bloomingdale’s, Macy’s
87.	West Town Mall	TN	Knoxville	Fee and Ground Lease (2042)	50.0	% (4)	Acquired 1991	97.5	%	1,281,340	Belk (8), Dillard’s, JCPenney, Regal Cinebarre Theatre, Dick's House of Sport, Tesla Sales and Service
88.	Westchester, The	NY	White Plains (New York)	Fee	40.0	% (4)	Acquired 1997	96.3	%	804,731	Neiman Marcus, Nordstrom, Crate and Barrel, Arhaus Furniture
89.	White Oaks Mall	IL	Springfield	Fee	88.6	%	Built 1977	72.7	%	926,382	Macy's (12), Dick's Sporting Goods, LA Fitness, Michael's, Malibu Jack's, State of Illinois Department of Central Management Services (6)
90.	Wolfchase Galleria	TN	Memphis	Fee	94.5	%	Acquired 2002	94.5	%	1,149,041	Macy's, Dillard's, JCPenney, Malco Theatres, Primark (6),

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA		Selected Larger Retailers and Uses
												Courtyard by Marriott (13)
91.	Woodfield Mall	IL	Schaumburg (Chicago)	Fee	50.0	% (4)	Acquired 2012	98.8	%	2,152,096		Nordstrom, Macy's, JCPenney, Enterrium, Peppa Pig World of Play, Primark
92.	Woodland Hills Mall	OK	Tulsa	Fee	94.5	%	Acquired 2002	98.7	%	1,239,067		Macy's, Dillard's, JCPenney, Scheel's, Holiday Inn Express (14), Courtyard by Marriott (14)
	Total Mall GLA									105,278,829	(17)

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
	Premium Outlets
1.	Albertville Premium Outlets	MN	Albertville (Minneapolis)	Fee	100.0	%	Acquired 2004	93.8	%	301,148	Coach, Gap Outlet, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Under Armour
2.	Allen Premium Outlets	TX	Allen (Dallas)	Fee	100.0	%	Acquired 2004	100.0	%	548,458	Adidas, Armani Outlet, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Staybridge Suites (13), The North Face, Tommy Hilfiger, Tory Burch, Under Armour
3.	Aurora Farms Premium Outlets	OH	Aurora (Cleveland)	Fee	100.0	%	Acquired 2004	88.0	%	262,110	Calvin Klein, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
4.	Birch Run Premium Outlets	MI	Birch Run (Detroit)	Fee	100.0	%	Acquired 2010	96.5	%	593,452	Adidas, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn/Williams-Sonoma Outlet, Tommy Hilfiger, The North Face, Under Armour
5.	Camarillo Premium Outlets	CA	Camarillo (Los Angeles)	Fee	100.0	%	Acquired 2004	99.3	%	691,626	Adidas, Calvin Klein, Coach, Columbia Sportswear, Giorgio Armani, H&M, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
6.	Carlsbad Premium Outlets	CA	Carlsbad (San Diego)	Fee	100.0	%	Acquired 2004	100.0	%	288,567	Adidas, Calvin Klein, Coach, Gap Factory, Kate Spade New York, Michael Kors, Nike Unite, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, Skechers, Under Armour
7.	Carolina Premium Outlets	NC	Smithfield (Raleigh)	Fee	100.0	%	Acquired 2004	96.1	%	438,782	Adidas, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
8.	Charlotte Premium Outlets	NC	Charlotte	Fee	50.0	% (4)	Built 2014	98.9	%	398,384	Adidas, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
9.	Chicago Premium Outlets	IL	Aurora (Chicago)	Fee	100.0	%	Built 2004	99.4	%	687,004	Adidas, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn Outlet, Saks Fifth Avenue Off 5th, Under Armour
10.	Cincinnati Premium Outlets	OH	Monroe (Cincinnati)	Fee	100.0	%	Built 2009	99.0	%	398,922	Adidas, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
11.	Clarksburg Premium Outlets	MD	Clarksburg (Washington, DC)	Fee	66.0	% (4)	Built 2016	96.2	%	379,470	Armani Outlet, A/X Armani Exchange, Adidas, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, Lafayette 148 New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Tommy Hilfiger, Tory Burch, Under Armour, Vince
12.	Clinton Premium Outlets	CT	Clinton	Fee	100.0	%	Acquired 2004	100.0	%	276,287	Adidas, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour
13.	Denver Premium Outlets	CO	Thornton (Denver)	Fee	100.0	%	Built 2018	98.3	%	328,101	Adidas, A/X Armani Exchange, Calvin Klein, Coach, Gap Outlet, H&M, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines, Staybridge Suites (14)
14.	Desert Hills Premium Outlets	CA	Cabazon (Palm Springs)	Fee	100.0	%	Acquired 2004	99.6	%	656,161	Alexander McQueen, Armani Outlet, Balenciaga, Bottega Veneta, Brunello Cucinelli, Burberry, Coach, Fendi, Ferragamo, Gucci, Jimmy Choo, Loro Piana, Marc Jacobs, Moncler, Neiman Marcus Last Call, Nike, Polo Ralph Lauren, Prada, Saint Laurent, Saks Fifth Avenue Off 5th, Stuart Weitzman, Tory Burch, Valentino, Zegna
15.	Ellenton Premium Outlets	FL	Ellenton (Tampa)	Fee	100.0	%	Acquired 2010	99.0	%	477,331	Adidas, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
16.	Finger Lakes Premium Outlets	NY	Waterloo	Fee	100.0	%	Acquired 2004	78.5	%	422,475	American Eagle Outfitters, Banana Republic, Brooks Brothers, Calvin Klein, Chico’s, Coach, Columbia Sportswear, H&M, J.Crew, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour
17.	Folsom Premium Outlets	CA	Folsom (Sacramento)	Fee	100.0	%	Acquired 2004	88.8	%	298,745	Adidas, Banana Republic, Calvin Klein, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Tommy Hilfiger, Under Armour
18.	Gilroy Premium Outlets	CA	Gilroy (San Jose)	Fee	100.0	%	Acquired 2004	90.0	%	509,187	Adidas, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger
19.	Gloucester Premium Outlets	NJ	Blackwood (Philadelphia)	Fee	66.7	%	Built 2015	95.0	%	378,514	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Columbia Sportswear, Gap Outlet, Guess, Levi's, J. Crew, Loft Outlet, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour, Vera Bradley
20.	Grand Prairie Premium Outlets	TX	Grand Prairie (Dallas)	Fee	100.0	%	Built 2012	100.0	%	423,334	Banana Republic, Bloomingdale's The Outlet Store, Coach, Columbia Sportswear, Dickies, Fan Outfitters, JD Sports, Kate Spade New York, J.Crew, Michael Kors, Nike, Psycho Bunny, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Under Armour, Vera Bradley
21.	Grove City Premium Outlets	PA	Grove City (Pittsburgh)	Fee	100.0	%	Acquired 2010	90.7	%	531,033	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
22.	Gulfport Premium Outlets	MS	Gulfport	Ground Lease (2059)	100.0	%	Acquired 2010	93.7	%	300,202	Banana Republic, Chico's, Coach, Gap Outlet, H&M, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
23.	Hagerstown Premium Outlets	MD	Hagerstown (Baltimore/Washington, DC)	Fee	100.0	%	Acquired 2010	73.5	%	485,714	Adidas, American Eagle Outfitters, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Loft Outlet, The North Face, Under Armour
24.	Houston Premium Outlets	TX	Cypress (Houston)	Fee	100.0	%	Built 2008	100.0	%	548,402	Ann Taylor, Armani Outlet, A/X Armani Exchange, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Gap Outlet, Holiday Inn Express (14), Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Victoria's Secret
25.	Indiana Premium Outlets	IN	Edinburgh (Indianapolis)	Fee	100.0	%	Acquired 2004	97.5	%	378,523	Adidas, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
26.	Jackson Premium Outlets	NJ	Jackson (New York)	Fee	100.0	%	Acquired 2004	95.1	%	285,603	Adidas, American Eagle Outfitters, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Loft Outlet, Kate Spade New York, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
27.	Jersey Shore Premium Outlets	NJ	Tinton Falls (New York)	Fee	100.0	%	Built 2008	99.8	%	434,742	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, Vineyard Vines
28.	Johnson Creek Premium Outlets	WI	Johnson Creek	Fee	100.0	%	Acquired 2004	87.8	%	275,063	Adidas, Banana Republic, Calvin Klein, Gap Outlet, Loft Outlet, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
29.	Kittery Premium Outlets	ME	Kittery	Fee and Ground Lease (2049) (7)	100.0	%	Acquired 2004	93.4	%	259,557	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Nike, Polo Ralph Lauren, Tommy Hilfiger, Tumi, Vineyard Vines (6)
30.	Las Americas Premium Outlets	CA	San Diego	Fee	100.0	%	Acquired 2007	97.5	%	689,231	Adidas, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
31.	Las Vegas North Premium Outlets	NV	Las Vegas	Fee	100.0	%	Built 2003	99.8	%	675,732	All Saints, Armani Outlet, A/X Armani Exchange, Banana Republic, Burberry, Canali, CH Carolina Herrera, Cheesecake Factory, Coach, David Yurman, Dolce & Gabbana, Etro, Jimmy Choo, John Varvatos, Lululemon, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Roberto Cavalli, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Shake Shack, Tory Burch
32.	Las Vegas South Premium Outlets	NV	Las Vegas	Fee	100.0	%	Acquired 2004	99.1	%	535,716	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
33.	Lee Premium Outlets	MA	Lee	Fee	100.0	%	Acquired 2010	87.9	%	224,721	Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, Polo Ralph Lauren, Skechers, Tommy Hilfiger, Under Armour
34.	Leesburg Premium Outlets	VA	Leesburg (Washington, DC)	Fee	100.0	%	Acquired 2004	99.4	%	478,415	Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Brooks Brothers, Burberry, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn Outlet, Salvatore Ferragamo, Tory Burch, Under Armour, Vineyard Vines, Williams-Sonoma
35.	Lighthouse Place Premium Outlets	IN	Michigan City (Chicago, IL)	Fee	100.0	%	Acquired 2004	85.9	%	451,328	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, Guess, H&M, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
36.	Merrimack Premium Outlets	NH	Merrimack	Fee	100.0	%	Built 2012	100.0	%	408,843	Ann Taylor, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Tommy Hilfiger, Tory Burch, Under Armour, Vera Bradley, Vineyard Vines
37.	Napa Premium Outlets	CA	Napa	Fee	100.0	%	Acquired 2004	100.0	%	178,908	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J.Crew, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger
38.	Norfolk Premium Outlets	VA	Norfolk	Fee	65.0	% (4)	Built 2017	95.2	%	332,288	A/X Armani Exchange, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, H&M, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Puma, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
39.	North Bend Premium Outlets	WA	North Bend (Seattle)	Fee	100.0	%	Acquired 2004	82.4	%	189,132	Banana Republic, Coach, Gap Outlet, Levi's, Kate Spade New York, Michael Kors, Nike, Skechers, Under Armour
40.	North Georgia Premium Outlets	GA	Dawsonville (Atlanta)	Fee	100.0	%	Acquired 2004	95.6	%	537,610	Ann Taylor, Armani Outlet, Banana Republic, Brooks Brothers, Burberry, Calvin Klein, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Pottery Barn, The North Face, Tommy Hilfiger, Tory Burch, West Elm, Williams-Sonoma
41.	Orlando International Premium Outlets	FL	Orlando	Fee	100.0	%	Acquired 2010	99.6	%	774,225	Adidas, Armani Outlet, Calvin Klein, Carhartt, Coach, Columbia Sportswear, H&M, J.Crew, Karl Lagerfeld, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, St. John, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
42.	Orlando Vineland Premium Outlets	FL	Orlando	Fee	100.0	%	Acquired 2004	100.0	%	657,543	Adidas, All Saints, Armani Outlet, Bally, Bottega Veneta, Brunello Cucinelli, Burberry, Calvin Klein, Carolina Herrera, Coach, Ermenegildo Zegna, Jimmy Choo, Kate Spade New York, Lacoste, Lululemon, Michael Kors, Nike, Prada, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, TAG Heuer, The North Face, Tod's, Tommy Hilfiger, Tory Burch, Under Armour, Versace

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
43.	Petaluma Village Premium Outlets	CA	Petaluma (San Francisco)	Fee	100.0	%	Acquired 2004	96.9	%	201,580	Adidas, Banana Republic, Brooks Brothers, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Hilfiger
44.	Philadelphia Premium Outlets	PA	Limerick (Philadelphia)	Fee	100.0	%	Built 2007	94.4	%	549,066	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, H&M, J.Crew, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Rally House, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
45.	Phoenix Premium Outlets	AZ	Chandler (Phoenix)	Ground Lease (2077)	100.0	%	Built 2013	99.8	%	356,521	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Factory Store, Guess, Kate Spade New York, Michael Kors, Nike, Saks Fifth Avenue Off 5th, Tommy Bahama, Tommy Hilfiger, Tumi, Under Armour
46.	Pismo Beach Premium Outlets	CA	Pismo Beach	Fee	100.0	%	Acquired 2010	100.0	%	147,603	Calvin Klein, Coach, Guess, Kate Spade New York, Levi's, Nike, Polo Ralph Lauren, Skechers, The North Face, Tommy Hilfiger
47.	Pleasant Prairie Premium Outlets	WI	Pleasant Prairie (Chicago, IL/ Milwaukee)	Fee	100.0	%	Acquired 2010	96.4	%	400,124	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, Kate Spade New York, J.Crew, Lacoste, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Tory Burch, Under Armour
48.	Pocono Premium Outlets	PA	Tannersville	Fee and Ground Lease (2029) (7)	100.0	%	Acquired 2004	100.0	%	411,849	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Johnny Rockets, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour, Vera Bradley
49.	Puerto Rico Premium Outlets	PR	Barceloneta	Fee	100.0	%	Acquired 2010	97.8	%	353,229	Adidas, Calvin Klein, Coach, Gap Outlet, Invicta, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger
50.	Queenstown Premium Outlets	MD	Queenstown (Baltimore)	Fee	100.0	%	Acquired 2010	93.9	%	289,497	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, St. John, Tommy Bahama, Under Armour
51.	Rio Grande Valley Premium Outlets	TX	Mercedes (McAllen)	Fee	100.0	%	Built 2006	97.6	%	599,373	Adidas, Ann Taylor, Armani Outlet, A/X Armani Exchange, Banana Republic, Burlington, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, H&M, Kate Spade New York, Levi's, Michael Kors, Nike, Pandora, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, Victoria's Secret
52.	Round Rock Premium Outlets	TX	Round Rock (Austin)	Fee	100.0	%	Built 2006	99.4	%	498,519	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Duluth Trading Company, Gap Outlet, J.Crew, Kate Spade New York, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour, Embassy Suites (14), (15)
53.	San Francisco Premium Outlets	CA	Livermore (San Francisco)	Fee and Ground Lease (2026) (9)	100.0	%	Built 2012	100.0	%	696,917	All Saints, Arc'teryx, A/X Armani Exchange, Bloomingdale's The Outlet Store, Bottega Veneta, Brunello Cucinelli, Burberry, CH Carolina Herrera, Coach, Ermenegildo Zegna, Etro, Furla, Gucci, H&M, Jimmy Choo, John Varvatos, Kate Spade New York, Lacoste, Longchamp, MaxMara, Michael Kors, Nike, Polo Ralph Lauren, Prada, Roger Vivier, Saks Fifth Avenue Off 5th, Sandro & Maje, Salvatore Ferragamo, Stuart Weitzman, The North Face, Tod's, Tory Burch, Under Armour, Versace, Zadig et Voltaire
54.	San Marcos Premium Outlets	TX	San Marcos (Austin/ San Antonio)	Fee	100.0	%	Acquired 2010	99.3	%	729,741	Armani Outlet, Banana Republic, Burberry, CH Carolina Herrera, Dolce & Gabbana, Gucci, J. Crew, Jimmy Choo, Kate Spade New York, Lacoste, Lululemon, Neiman Marcus Last Call, Marc Jacobs, Michael Kors, Pandora, Polo Ralph Lauren, Pottery Barn, Saint Laurent Paris, Salvatore Ferragamo, Stuart Weitzman, The North Face, Tommy Bahama, Tory Burch, Versace, Vineyard Vines
55.	Seattle Premium Outlets	WA	Tulalip (Seattle)	Ground Lease (2079)	100.0	%	Built 2005	98.5	%	554,531	Adidas, Ann Taylor, Arc'teryx, Armani Outlet, Banana Republic, Burberry, Calvin Klein, Coach, Columbia Sportswear, Kate Spade New York, Lululemon, Michael Kors, Nike, Polo Ralph Lauren, Stuart Weitzman, The North Face, Tommy Bahama, Tommy Hilfiger, Tory Burch, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
56.	Silver Sands Premium Outlets	FL	Destin	Fee	50.0	% (4)	Acquired 2012	91.0	%	448,410	Adidas, Banana Republic, Brooks Brothers, Coach, Columbia Sportswear, J.Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Puma, Saks Fifth Avenue Off 5th, The North Face, Tommy Hilfiger, Tory Burch, Under Armour, Vera Bradley
57.	St. Augustine Premium Outlets	FL	St. Augustine (Jacksonville)	Fee	100.0	%	Acquired 2004	99.7	%	328,005	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Lucky Brand, Nike, Polo Ralph Lauren, Puma, St. John, Tommy Hilfiger, Under Armour
58.	St. Louis Premium Outlets	MO	St. Louis (Chesterfield)	Fee	60.0	% (4)	Built 2013	98.4	%	351,168	Adidas, Ann Taylor, Brooks Brothers, Coach, Gap Outlet, H&M, J. Crew, Kate Spade New York, Levi's, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tommy Hilfiger, Ugg, Under Armour, Vera Bradley
59.	Tampa Premium Outlets	FL	Lutz (Tampa)	Fee	100.0	%	Built 2015	100.0	%	460,391	Adidas, A/X Armani Outlet, Banana Republic, BJ's Restaurant and Brewhouse, Brooks Brothers, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J. Crew, Kate Spade New York, Lucky Brand, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Puma, Saks 5th Avenue Off 5th, Tommy Hilfiger, Tumi, Under Armour
60.	Tanger Outlets - Columbus (1)	OH	Sunbury (Columbus)	Fee	50.0	% (4)	Built 2016	100.0	%	354,778	Banana Republic, Brooks Brothers, Coach, Kate Spade New York, Nike, Polo Ralph Lauren, Under Armour
61.	Tanger Outlets - Galveston/Houston (1)	TX	Texas City	Fee	50.0	% (4)	Built 2012	94.9	%	352,706	Banana Republic, Brooks Brothers, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Tommy Hilfiger
62.	Tucson Premium Outlets	AZ	Marana (Tucson)	Fee	100.0	%	Built 2015	94.0	%	367,201	Adidas, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, Guess, Levi’s, Michael Kors, Nike, Polo Ralph Lauren, Saks 5th Avenue Off 5th, Skechers, Tommy Hilfiger, Under Armour
63.	Tulsa Premium Outlets	OK	Jenks (Tulsa)	Fee	100.0	%	Built 2024	100.0	%	338,472	Abercrombie & Fitch, Adidas, American Eagle Outfitters, Banana Republic, Camp Pickle (6), Cavender's Boot City, Columbia Sportswear, Five Below, Five Below, JD Sports, Loft Outlet, Michael Kors, Nike, Polo Ralph Lauren, Puma, Skechers, Tory Burch, Ulta, Under Armour
64.	Twin Cities Premium Outlets	MN	Eagan	Fee	35.0	% (4)	Built 2014	94.3	%	405,888	Adidas, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, Gap Outlet, J. Crew, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Talbots, Under Armour
65.	Vacaville Premium Outlets	CA	Vacaville	Fee	100.0	%	Acquired 2004	95.9	%	445,002	Adidas, Banana Republic, Calvin Klein, Coach, Columbia Sportswear, Gap Outlet, J.Crew, Kate Spade New York, Lacoste, Michael Kors, Nike, Polo Ralph Lauren, Skechers, The North Face, Tommy Hilfiger, Under Armour, West Elm Outlet
66.	Waikele Premium Outlets	HI	Waipahu (Honolulu)	Fee	100.0	%	Acquired 2004	100.0	%	219,387	Adidas, Armani Outlet, Calvin Klein, Coach, Furla, Kate Spade New York, Michael Kors, Polo Ralph Lauren, Saks Fifth Avenue Off 5th, Swarovski, Tommy Hilfiger, Tory Burch
67.	Williamsburg Premium Outlets	VA	Williamsburg	Fee	100.0	%	Acquired 2010	94.4	%	513,303	Adidas, American Eagle Outfitters, Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach, J.Crew, Kate Spade New York, Levi's, Loft Outlet, Michael Kors, New Balance, Nike, Pandora, Polo Ralph Lauren, Puma, The North Face, Timberland, Tommy Bahama, Tommy Hilfiger, Under Armour, Vera Bradley, Vineyard Vines
68.	Woodburn Premium Outlets	OR	Woodburn (Portland)	Fee	100.0	%	Acquired 2013	100.0	%	389,174	Adidas, Ann Taylor, Banana Republic, Calvin Klein, Coach, Gap Outlet, Levi's, Michael Kors, Nike, The North Face, Polo Ralph Lauren, Tommy Hilfiger, Tory Burch, Under Armour

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

––
				Ownership Interest			Year Built
				(Expiration if	Legal		Or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
69.	Woodbury Common Premium Outlets	NY	Central Valley (New York)	Fee	100.0	%	Acquired 2004	99.9	%	915,925	Arc'teryx, Armani Outlet, Balenciaga, Balmain, Bottega Veneta, Breitling, Brioni, Brunello Cucinelli, Burberry, Canali, Celine, Chloe, Coach, Dior, Dolce & Gabbana, Dunhill, Fendi, Givenchy, Golden Goose, Gucci, Jimmy Choo, Lacoste, Loewe, Longchamp, Loro Piana, Marc Jacobs, Michael Kors, Moncler, Mulberry, Nike, Polo Ralph Lauren, Prada, Saint Laurent, Saks Fifth Avenue Off 5th, Salvatore Ferragamo, Santoni, Shake Shack, Stone Island, Stuart Weitzman, Theory, Tod's, Tom Ford, Tory Burch, Valentino, Versace, Zegna
70.	Wrentham Village Premium Outlets	MA	Wrentham (Boston)	Fee	100.0	%	Acquired 2004	98.1	%	672,966	Adidas, All Saints, Armani Outlet, Banana Republic, Bloomingdale's The Outlet Store, Brooks Brothers, Burberry, Calvin Klein, Coach, Ferragamo, Gucci, Karl Lagerfeld, Kate Spade New York, Lacoste, Lululemon, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Potterty Barn Outlet, Puma, Saks Fifth Avenue Off 5th, Theory, Tommy Hilfiger, Tory Burch, Under Armour, Vineyard Vines
	Total U.S. Premium Outlets GLA									30,741,915

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
	The Mills
1.	Arizona Mills	AZ	Tempe (Phoenix)	Fee	100.0	%	Acquired 2007	99.4	%	1,221,201	Marshalls, Burlington, Ross, Harkins Cinemas & IMAX, Sea Life Center, Legoland, dd's Discounts, Going, Going, Gone by Dick's Sporting Goods, Rainforest Café, Reclectic
2.	Arundel Mills	MD	Hanover (Baltimore)	Fee	59.3	% (4)	Acquired 2007	100.0	%	1,955,405	Bass Pro Shops Outdoor World, Burlington, Dave & Buster's, Medieval Times, Saks Fifth Avenue Off 5th, Off Broadway Shoe Warehouse, T.J. Maxx, Cinemark Egyptian 24 Theatres, Live! Casino Hotel, Ulta, Sun & Ski, Primark
3.	Colorado Mills	CO	Lakewood (Denver)	Fee	37.5	% (4)	Acquired 2007	96.8	%	1,354,643	Off Broadway Shoe Warehouse, Super Target, United Artists Theatre, Burlington, H&M, Dick's Sporting Goods, Arhaus Loft, Slick City Action Park, 2nd & Charles, Springhill Suites (14)
4.	Concord Mills	NC	Concord (Charlotte)	Fee	59.3	% (4)	Acquired 2007	99.8	%	1,368,203	Bass Pro Shops Outdoor World, Burlington, Dave & Buster's, Nike Factory Store, Off Broadway Shoes, AMC Theatres, Best Buy, Sea Life Center, H&M, Dick's Sporting Goods, Cavender's Boot City (6), Primark
5.	Grapevine Mills	TX	Grapevine (Dallas)	Fee	59.3	% (4)	Acquired 2007	99.9	%	1,781,578	Burlington, Marshalls, Saks Fifth Avenue Off 5th, AMC Theatres, Sun & Ski Sports, Neiman Marcus Last Call, Legoland Discovery Center, Sea Life Center, Ross, H&M, Round 1 Entertainment, Fieldhouse USA, Rainforest Café, Meow Wolf, Macy's Backstage, Cavender's Boot City, Primark (6), Springhill Suites (14), Hyatt Place (14), Hawthorn (14)
6.	Great Mall	CA	Milpitas (San Jose)	Fee and Ground Lease (2049) (7)	100.0	%	Acquired 2007	100.0	%	1,365,301	Camille La Vie, Kohl's, Dave & Buster's, Burlington, Marshalls, Saks Fifth Avenue Off 5th, Nike Factory Store, Century Theatres, Dick's Sporting Goods, Legoland Discovery Center, Altitude Trampoline Park (6)
7.	Gurnee Mills	IL	Gurnee (Chicago)	Fee	100.0	%	Acquired 2007	98.6	%	1,867,014	Bass Pro Shops Outdoor World, Burlington, Kohl's, Marshalls Home Goods, Marcus Cinemas, Value City Furniture, Off Broadway Shoe Warehouse, Macy's, Floor & Decor, Dick's Sporting Goods, Rainforest Café, The Room Place, 2nd & Charles, Hobby Lobby, Round 1, Primark (6)
8.	Katy Mills	TX	Katy (Houston)	Fee	62.5	% (4) (2)	Acquired 2007	99.7	%	1,681,552	Bass Pro Shops Outdoor World, Books-A-Million, Burlington, Marshalls, Saks Fifth Avenue Off 5th, Sun & Ski Sports, AMC Theatres, Tilt, Ross, H&M, Primark (6), Rainforest Café, Slick City
9.	Mills at Jersey Gardens, The	NJ	Elizabeth	Fee	100.0	%	Acquired 2015	99.7	%	1,306,597	Burlington, Cohoes, AMC Theatres, Marshalls, Nike Factory Store, Saks 5th Avenue Off 5th, H&M, Tommy Hilfiger, Bloomingdale's Outlet, Potterty Barn Outlet, Primark, Round 1 (6), Residence Inn (14), Courtyard by Marriott (14), Embassy Suites (14), Country Inn & Suites (14)
10.	Ontario Mills	CA	Ontario (Riverside)	Fee	50.0	% (4)	Acquired 2007	100.0	%	1,430,695	Burlington, Nike Factory Store, Marshalls, Saks Fifth Avenue Off 5th, Nordstrom Rack, Dave & Buster's, Camille La Vie, AMC Theatres, Uniqlo, Skechers Superstore, Rainforest Café, Pottery Barn + West Elm Outlet
11.	Opry Mills	TN	Nashville	Fee	100.0	%	Acquired 2007	98.7	%	1,174,673	Regal Cinema & IMAX, Dave & Buster's, Sun & Ski, Bass Pro Shops Outdoor World, H&M, Madame Tussauds, TJ Maxx, Rainforest Café, Aquarium Restaurant
12.	Outlets at Orange, The	CA	Orange (Los Angeles)	Fee	100.0	%	Acquired 2007	95.5	%	870,998	Dave & Buster’s, Saks Fifth Avenue Off 5th, AMC Theatres, Neiman Marcus Last Call, Nordstrom Rack, Bloomingdale's the Outlet Store, Guitar Center, Nike Factory Store
13.	Potomac Mills	VA	Woodbridge (Washington, DC)	Fee	100.0	%	Acquired 2007	99.4	%	1,567,093	Marshalls, T.J. Maxx, JCPenney, Burlington, Nordstrom Rack, Costco Warehouse, AMC Theatres, Bloomingdale's Outlet, Round 1, Primark (6)
14.	Sawgrass Mills	FL	Sunrise (Miami)	Fee	100.0	%	Acquired 2007	95	%	2,367,692	BrandsMart USA, Burlington, Marshalls, Neiman Marcus Last Call, Nordstrom Rack, Saks Fifth Avenue Off 5th, Target, T.J. Maxx, Regal Cinema, Bloomingdale's Outlet, Dick's Sporting Goods, Primark, HomeSense, AC Hotel by Marriott
	Total Mills Properties GLA									21,312,645

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA		Selected Tenants
	Lifestyle Centers
1.	ABQ Uptown	NM	Albuquerque	Fee	100.0	%	Acquired 2011	96.6	%	228,827		Anthropologie, Apple, Pottery Barn
2.	Hamilton Town Center	IN	Noblesville (Indianapolis)	Fee	50.0	% (4)	Built 2008	98.2	%	675,615		JCPenney, Dick's Sporting Goods, DSW, Emagine Noblesville, Total Wine & More, BJ's Wholesale, Big Blue Swim School, Ross Dress for Less, Nordstrom Rack
3.	Liberty Tree Mall	MA	Danvers (Boston)	Fee	49.1	% (4)	Acquired 1999	87.9	%	861,398		Marshalls, Target, Kohl's, Best Buy, Staples, AMC Theatres, Nordstrom Rack, Off Broadway Shoes, Sky Zone, Total Wine & More, Aldi
4.	Northgate Station	WA	Seattle	Fee	100.0	%	Redeveloped 2021	N/A	(16)	416,839	(16)	Kraken Community Iceplex, Barnes & Noble, Nordstrom Rack, Residence Inn by Marriott (6)
5.	Pier Park	FL	Panama City Beach	Fee	65.6	% (4)	Built 2008	94.2	%	947,462		Dillard's, JCPenney, Target, Grand Theatres, Ron Jon Surf Shop, Margaritaville, Marshalls, Dave & Buster's, Skywheel, Pirates Voyage (6)
6.	University Park Village	TX	Fort Worth	Fee	100.0	%	Acquired 2015	99.3	%	170,308		Anthropologie, Apple, Pottery Barn
	Total Lifestyle Centers GLA									3,300,449


	Other Properties
1 - 10.	Other Properties									7,265,501
11 - 12.	TMLP						Acquired 2007			2,775,403
	Total Other GLA									10,040,904	(17)
	Total U.S. Properties GLA									170,674,742

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties


				Ownership Interest			Year Built
				(Expiration if	Legal		or
	Property Name	State	City (CBSA)	Lease) (3)	Ownership		Acquired	Occupancy (5)		Total GLA	Selected Tenants
	Domestic Taubman
1.	Beverly Center	CA	Los Angeles	Ground Lease (2054)	88.0	% (4)	Acquired 2020	82.6	%	795,536	Bloomingdale's, Macy's, Lucky Strike
2.	Cherry Creek Shopping Center	CO	Denver	Ground Lease (2083)	44.0	% (4)	Acquired 2020	97.5	%	1,244,146	Macy's, Neiman Marcus, Nordstrom
3.	City Creek Center	UT	Salt Lake City	Ground Lease (2082)	88.0	% (4)	Acquired 2020	85.1	%	689,786	Macy's, Nordstrom
4.	Dolphin Mall	FL	Miami	Fee	88.0	% (4)	Acquired 2020	95.0	%	1,398,227	Bass Pro Shops, Cobb Theatres, Burlington, Dave & Busters, Vivo!
5.	Gardens Mall, The	FL	Palm Beach Gardens	Fee	44.0	% (4)	Acquired 2020	94.7	%	1,399,449	Bloomingdale's, Macy's, Nordstrom, Saks Fifth Avenue
6.	Gardens on El Paseo, The	CA	Palm Desert	Fee	88.0	% (4)	Acquired 2020	93.9	%	237,595	Saks Fifth Avenue
7.	Great Lakes Crossing Outlets	MI	Auburn Hills	Fee	88.0	% (4)	Acquired 2020	96.8	%	1,354,708	AMC Theatre, Bass Pro Shops, Burlington, Round 1, Nordstrom Rack, Dick's Sporting Goods, Primark
8.	International Market Place	HI	Waikiki (Honolulu)	Ground Lease (2091)	82.3	% (4)	Acquired 2020	91.9	%	339,414	Target, Anthropologie, Balenciaga, Burberry, StripSteak
9.	International Plaza	FL	Tampa	Ground Lease (2080)	44.1	% (4)	Acquired 2020	95.9	%	1,301,180	Dillard's, Neiman Marcus, Nordstrom, Dick's House of Sport
10.	Mall at Green Hills, The	TN	Nashville	Fee	88.0	% (4)	Acquired 2020	98.0	%	1,051,007	Dillard's, Macy's, Nordstrom
11.	Mall at Millenia, The	FL	Orlando	Fee	44.0	% (4)	Acquired 2020	93.3	%	1,118,038	Bloomingdale's, Macy's, Neiman Marcus
12.	Mall at Short Hills, The	NJ	Short Hills	Fee	88.0	% (4)	Acquired 2020	95.9	%	1,412,517	Bloomingdale's, Macy's, Neiman Marcus, Nordstrom, Industrious
13.	Mall at University Town Center, The	FL	Sarasota	Fee	44.0	% (4)	Acquired 2020	97.6	%	867,108	Dillard's, Macy's, Saks Fifth Avenue
14.	Mall of San Juan, The	PR	San Juan	Fee	83.6	% (4)	Acquired 2020	93.6	%	626,349	H&M, Zara, Pottery Barn, Urban Outfitters, Anthropologie
15.	Sunvalley	CA	Concord	Ground Lease (2061)	44.0	% (4)	Acquired 2020	97.9	%	1,430,056	JC Penney, Macy's (8)
16.	Twelve Oaks Mall	MI	Novi	Fee	88.0	% (4)	Acquired 2020	93.4	%	1,520,687	JC Penney, Macy's, Nordstrom
17.	Waterside Shops	FL	Naples	Fee	44.0	% (4)	Acquired 2020	100	%	304,525	Saks Fifth Avenue
18.	Westfarms	CT	West Hartford	Fee	69.5	% (4)	Acquired 2020	99.3	%	1,266,524	JC Penney, Macy's (8), Nordstrom
	Total Domestic Taubman Properties GLA									18,356,852

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

U.S. Properties

FOOTNOTES:

(1)	This property is managed by a third party.

(2)	Our direct and indirect interests in some of the properties held as joint venture interests are subject to preferences on distributions in favor of other partners or us.

(3)	The date listed is the expiration date of the last renewal option available to the operating entity under the ground lease. In a majority of the ground leases, we have a right to purchase the lessor’s interest under an option, right of first refusal or other provision. Unless otherwise indicated, each ground lease listed in this column covers at least 50% of its respective property.

(4)	Joint venture properties accounted for under the equity method.

(5)	Malls - Executed leases for all company-owned GLA in mall stores, excluding majors and anchors. Premium Outlets and The Mills - Executed leases for all company-owned GLA (or total center GLA).

(6)	Indicates box, anchor, major or project currently under development/construction or has announced plans for development.

(7)	Indicates ground lease covers less than 50% of the acreage of this property.

(8)	Tenant has multiple locations at this center.

(9)	Indicates ground lease covers outparcel only.

(10)	We receive substantially all the economic benefit of the property due to a preference or advance.

(11)	We own a mortgage note that encumbers Pheasant Lane Mall that entitles us to 100% of the economics of this property.

(12)	Indicates anchor has announced its intent to close this location.

(13)	Indicates box, anchor, major or project currently under development/construction by a third party.

(14)	Owned by a third party.

(15)	Includes multi-family tenant on-site.

(16)	This property is undergoing significant renovation.

(17)	GLA includes office space.

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, 2024. 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
Year	Leases Expiring	Square Feet	PSF at 12/31/2024		Revenues (2)
Inline Stores and Freestanding
Month to Month Leases	1,084	4,127,114	$	56.87	4.1	%
2025	2,707	9,469,769	$	62.52	10.2	%
2026	2,750	10,782,961	$	56.00	9.4	%
2027	2,342	8,913,554	$	61.50	9.4	%
2028	1,820	7,958,216	$	66.81	9.1	%
2029	1,716	7,360,569	$	64.86	8.0	%
2030	791	4,031,510	$	71.30	4.7	%
2031	471	2,362,805	$	73.77	3.0	%
2032	483	1,771,367	$	93.95	2.9	%
2033	600	2,311,677	$	98.60	3.9	%
2034	626	2,369,675	$	89.79	3.7	%
2035 and Thereafter	627	3,001,232	$	55.29	2.5	%
Specialty Leasing Agreements w/ terms in excess of 12 months	2,221	5,941,055	$	17.59	1.8	%
Anchors
Month to Month Leases	2	263,650	$	2.52	0.0	%
2025	4	345,136	$	6.43	0.0	%
2026	19	1,830,993	$	5.22	0.2	%
2027	13	1,765,268	$	5.32	0.2	%
2028	16	1,986,210	$	5.73	0.2	%
2029	16	1,669,076	$	6.40	0.2	%
2030	18	1,835,708	$	8.09	0.2	%
2031	6	427,004	$	9.71	0.1	%
2032	4	282,245	$	25.21	0.1	%
2033	7	1,028,383	$	8.48	0.2	%
2034	6	511,555	$	18.05	0.1	%
2035 and Thereafter	26	2,378,519	$	16.51	0.5	%

(1)	Does not consider the impact of renewal options that may be contained in leases. Average Base Minimum Rent psf reflects base minimum rent in the respective year of expiration.

(2)	Annual rental revenues represent domestic 2024 consolidated and joint venture combined base rental revenue.

International Properties

Our ownership interests in properties outside the United States are primarily owned through joint venture arrangements. With the exception of our Premium Outlets in Canada, all of our international properties are managed by joint ventures in which we share control.

European Investments

At December 31, 2024, we owned 63,924,148 shares, or approximately 22.4%, of Klépierre, which had a quoted market price of $28.88 per share. Klépierre is a publicly traded, Paris-based real estate company, which owns, or has an interest in shopping centers located in 14 countries.

As of December 31, 2024, we had a controlling interest in a European investee with interests in 12 Designer Outlet properties. 11 of the outlet properties are located in Europe and one outlet property is located in Canada. Of the 11 properties in Europe, two are in Italy, two are in the Netherlands, two are in the United Kingdom, two are in France and one each is in Austria, Germany, and Spain. As of December 31, 2024, our legal percentage ownership interests in these entities ranged from 23% to 94%.

Other International Investments

We hold a 40% interest in ten operating joint venture properties in Japan, a 50% interest in five operating joint venture properties in South Korea, a 50% interest in two operating joint venture properties in Mexico, a 50% interest in two operating joint venture properties in Malaysia, a 50% interest in one operating joint venture in Thailand, and a 50% interest in three Premium Outlet operating joint venture properties in Canada. The ten Japanese Premium Outlets operate in various cities throughout Japan and comprise over 3.9 million square feet of GLA and were 99.3% leased as of December 31, 2024.

Our investment in TRG includes an interest in four operating joint venture properties located outside of the U.S.; two located in the People’s Republic of China and two located in South Korea. Our effective ownership in these centers, through our investment in TRG, ranges from 15.1% to 43.1%.

The following property tables summarize certain data for our international properties as of December 31, 2024 and do not include our equity investment in Klépierre.

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	Selected Tenants
	INTERNATIONAL PREMIUM OUTLETS
	JAPAN
1.	Ami Premium Outlets	Ami (Tokyo)	Fee	40.0	%	2009	315,000	Adidas, Beams, Coach, Gap Outlet, Kate Spade New York, Michael Kors, Polo Ralph Lauren, Puma, TaylorMade, Tommy Hilfiger
2.	Fukaya-Hanazono Premium Outlets	Fukaya City (Saitama)	Ground Lease (2042)	40.0	%	2022	296,300	Adidas, Armani, Bally, Coach, Dsquared2, Furla, Marc Jacobs, Michael Kors, New Balance, Nike, Polo Ralph Lauren, Puma, Theory, Tommy Hilfiger, Tory Burch, Vans
3.	Gotemba Premium Outlets	Gotemba City (Tokyo)	Fee	40.0	%	2000	659,500	Adidas, Armani, Balenciaga, Bally, Beams, Bottega Veneta, Burberry, Coach, Dolce & Gabbana, Dunhill, Gap Outlet, Gucci, Loro Piana, Michael Kors, Moncler, Nike, Polo Ralph Lauren, Prada/Miu Miu, Puma, Tod's, Tory Burch, United Arrows
4.	Kobe-Sanda Premium Outlets	Hyougo-ken (Osaka)	Ground Lease (2026)	40.0	%	2007	441,000	Adidas, Armani, Bally, Beams, Coach, Dolce & Gabbana, Gap Outlet, Gucci, Kate Spade New York, Marc Jacobs, Michael Kors, Nike, Prada/Miu Miu, Tod's, Tommy Hilfiger, United Arrows, Valentino
5.	Rinku Premium Outlets	Izumisano (Osaka)	Ground Lease (2031)	40.0	%	2000	512,500	Adidas, Armani, Bally, Beams, Brooks Brothers, Burberry, Coach, Dunhill, Furla, Gap Outlet, Kate Spade New York, Lanvin Collection, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Puma, TaylorMade, Tommy Hilfiger, United Arrows, Zara
6.	Sano Premium Outlets	Sano (Tokyo)	Fee	40.0	%	2003	390,800	Adidas, Beams, Coach, Dunhill, Etro, Furla, Gap Outlet, Gucci, Kate Spade New York, Michael Kors, Nike, TaylorMade
7.	Sendai-Izumi Premium Outlets	Izumi Park Town (Sendai)	Ground Lease (2027)	40.0	%	2008	164,200	Adidas, Beams, Coach, Gap, Polo Ralph Lauren, Tommy Hilfiger, United Arrows
8.	Shisui Premium Outlets	Shisui (Chiba)	Ground Lease (2033)	40.0	%	2013	434,600	Adidas, Beams, Citizen, Coach, Furla, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Samsonite, Tommy Hilfiger, United Arrows
9.	Toki Premium Outlets	Toki (Nagoya)	Ground Lease (2033)	40.0	%	2005	367,700	Adidas, Beams, Coach, Furla, Gap Outlet, Kate Spade New York, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger, United Arrows
10.	Tosu Premium Outlets	Fukuoka (Kyushu)	Fee	40.0	%	2004	328,400	Adidas, Beams, Coach, Furla, Gap Outlet, Kate Spade New York, Michael Kors, Nike, Olive des Olive, Polo Ralph Lauren, Puma, Tommy Hilfiger, United Arrows
	Subtotal Japan						3,910,000

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	Selected Tenants
	MEXICO
11.	Punta Norte Premium Outlets	Mexico City	Fee	50.0	%	2004	333,000	Adidas, Calvin Klein, CH Carolina Herrera, Coach, Dolce & Gabbana, Nautica, Nike, Salvatore Ferragamo, Zegna
12.	Premium Outlets Querétaro	Querétaro	Fee	50.0	%	2019	274,800	Adidas, Adrianna Papell, Calvin Klein, Guess, Levi's, Nike, Tommy Hilfiger, True Religion, Under Armour
	Subtotal Mexico						607,800
	SOUTH KOREA
13.	Yeoju Premium Outlets	Yeoju (Seoul)	Fee	50.0	%	2007	551,600	Adidas, Armani, Burberry, Chloe, Coach, Fendi, Gucci, Michael Kors, Nike, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tod's, Under Armour, Valentino, Vivienne Westwood
14.	Paju Premium Outlets	Paju (Seoul)	Ground Lease (2040)	50.0	%	2011	558,900	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Jill Stuart, Lanvin Collection, Marc Jacobs, Michael Kors, Nike, Polo Ralph Lauren, Puma, Tory Burch, Under Armour, Vivienne Westwood
15.	Busan Premium Outlets (2)	Busan	Fee	50.0	%	2013	544,200	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger
16.	Siehung Premium Outlets	Siehung	Fee	50.0	%	2017	444,400	Adidas, Armani, Bean Pole, Calvin Klein, Coach, Michael Kors, Nike, Polo Ralph Lauren, Salvatore Ferragamo, The North Face, Under Armour
17.	Jeju Premium Outlets	Jeju Province	Ground Lease (2041)	50.0	%	2021	92,000	Arcteryx, Coach, Golden Goose, Hugo Boss, J. Lindeberg, Moncler
	Subtotal South Korea						2,191,100
	MALAYSIA
18.	Johor Premium Outlets	Johor (Singapore)	Fee	50.0	%	2011	309,400	Adidas, Calvin Klein, Coach, DKNY, Furla, Gucci, Guess, Michael Kors, Nike, Polo Ralph Lauren, Prada, Puma, Salvatore Ferragamo, Timberland, Tommy Hilfiger, Tory Burch, Zegna
19.	Genting Highlands Premium Outlets	Kuala Lumpur	Fee	50.0	%	2017	277,500	Adidas, Coach, Furla, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Puma
	Subtotal Malaysia						586,900
	THAILAND
20.	Siam Premium Outlets Bangkok	Bangkok	Fee	50.0	%	2020	264,000	Adidas, Balenciage, Burberry, Calvin Klein, Coach, Furla, Kate Spade New York, Nike, Skechers, Under Armour
	Subtotal Thailand						264,000
	CANADA
21.	Toronto Premium Outlets	Toronto (Ontario)	Fee	50.0	%	2013	504,900	Adidas, Armani, Burberry, Calvin Klein, Coach, Eddie Bauer, Gap, Gucci, Guess, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Saks Fifth Avenue, Tommy Hilfiger, Tory Burch, Under Armour
22.	Premium Outlets Montreal	Montreal (Quebec)	Fee	50.0	%	2014	367,400	Adidas, Calvin Klein, Coach, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, The North Face, Tommy Hilfiger, Under Armour
23.	Premium Outlet Collection Edmonton International Airport	Edmonton (Alberta)	Ground Lease (2072)	50.0	%	2018	421,900	Adidas, Calvin Klein, Coach, Gap Factory, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
	Subtotal Canada						1,294,200
	TOTAL INTERNATIONAL PREMIUM OUTLETS						8,854,000

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective			Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		Year Built	Leasable Area (1)	Selected Tenants

	INTERNATIONAL DESIGNER OUTLETS
	AUSTRIA
1.	Parndorf Designer Outlet	Vienna	Fee	90.0	%	2005	118,000	Adidas, Armani, Bally, Burberry, Calvin Klein, Coach, Dolce & Gabbana, Furla, Geox, Gucci, Guess, Michael Kors, Moncler, Nike, Polo Ralph Lauren, Porsche Design, Prada, Puma, Tommy Hilfiger, Zegna
	Subtotal Austria						118,000
	ITALY
2.	La Reggia Designer Outlet	Marcianise (Naples)	Fee	90.0	%	2010	344,000	Adidas, Armani, Calvin Klein, Coach, Guess, Liu Jo, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger

3.	Noventa Di Piave Designer Outlet	Venice	Fee	90.0	%	2008	353,000	Adidas, Armani, Bally, Bottega Veneta, Burberry, Calvin Klein, Coach, Dolce & Gabanna, Fendi, Furla, Gucci, Loro Piana, Michael Kors, Nike, Pinko, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Sergio Rossi,Tommy Hilfiger, Valentino, Versace, Zegna
	Subtotal Italy						697,000
	NETHERLANDS
	Roermond Designer Outlet Phases 2 & 3	Roermond	Fee	90.0	%	2005	173,000	Armani, Bally, Burberry, Calvin Klein, Coach, Furla, Gucci, Michael Kors, Moncler, Polo Ralph Lauren, Prada, Swarovski, Tod's, Tommy Hilfiger, UGG, Zegna
	Roermond Designer Outlet Phase 4	Roermond	Fee	46.1	%	2017	125,000	Adidas, Karl Lagerfield, Liu Jo, Longchamp, Tag Heuer, Tom Tailor, Woolrich
4.	Subtotal Roermond						298,000
5.	Designer Outlet Roosendaal	Roosendaal	Fee	94.0	%	2017	247,500	Adidas, Calvin Klein, Esprit, Guess, Nike, Puma, S. Oliver, Tommy Hilfiger
	Subtotal Netherlands						545,500
	UNITED KINGDOM
6.	Ashford Designer Outlet	Kent	Fee	45.0	%	2000	281,000	Adidas, Calvin Klein, Clarks, Fossil, French Connection, Guess, Kate Spade New York, Nike, Polo Ralph Lauren, Superdry, Tommy Hilfiger
7.	West Midlands Designer Outlet	Cannock (West Midlands)	Fee	23.2	%	2021	197,000	Adidas, Calvin Klein, Clarks, Coach, Guess, Kate Spade, Nike, Puma, Superdry, Tommy Hilfiger, Under Armour
	Subtotal England						478,000
	CANADA
8.	Vancouver Designer Outlets	Vancouver	Ground Lease (2072)	45.0	%	2015	326,000	Adidas, Armani, Calvin Klein, Coach, Gap, Kate Spade New York, Michael Kors, Nike, Polo Ralph Lauren, Tommy Hilfiger, Under Armour
	Subtotal Canada						326,000
	GERMANY
9.	Ochtrup Designer Outlets	Ochtrup	Fee	70.5	%	2016	191,500	Adidas, Calvin Klein, Guess, Lindt, Nike, Puma, Samsonite, Schiesser, Seidensticker, Tom Tailor, Vero Moda
	Subtotal Germany						191,500
	FRANCE
10.	Paris-Giverny Designer Outlet	Vernon (Normandy)	Fee	73.8	%	2023	228,000	Adidas, Calvin Klein, Coach, Dolce & Gabana, Guess, Moncler, Nike, Puma, Superdry, Tommy Hilfiger, Under Armour, Woolrich
11.	Provence Designer Outlet	Miramas	Fee	90.0	%	2017	269,000	Armani, Calvin Klein, Guess, Michael Kors, Nike, Polo Ralph Lauren, Puma, Timberland, Tommy Hilfiger
	Subtotal France						497,000
	SPAIN
12.	Málaga Designer Outlet	Málaga	Fee	46.1	%	2020	191,000	Adidas, Armani, Calvin Klein, Furla, Guess, Polo Ralph Lauren, Prada, Tommy Hilfiger, Under Armour
	Subtotal Spain						191,000
	Total International Designer Outlets						3,044,000

Simon Property Group, Inc.

Simon Property Group, L.P.

Property Table

International Properties


		City	Ownership	SPG Effective		Year Built	Total Gross
	COUNTRY/Property Name	(Metropolitan area)	Interest	Ownership		or Acquired	Leasable Area (1)	Selected Tenants

	International Taubman
	China
1.	CityOn.Xian	Xi'an	Ground Lease (2051)	22.0	%	Acquired 2020	995,000	Wangfujing
2.	CityOn.Zhengzhou	Zhengzhou	Ground Lease (2051)	21.6	%	Acquired 2020	919,000	G-Super, Wangfujing
	Subtotal China						1,914,000
	South Korea
3.	Starfield Anseong	Anseong	Fee	43.1	%	Acquired 2020	1,068,000	Shinsegae, E-Mart Traders
4.	Starfield Hanam	Hanam	Fee	15.1	%	Acquired 2020	1,709,000	Shinsegae, E-Mart Traders
	Subtotal South Korea						2,777,000
	Total International Taubman						4,691,000

FOOTNOTES:

(1)	All gross leasable area listed in square feet.

(2)	Property completed an expansion in 2024.

Land

We have direct or indirect ownership interests in approximately 70 acres of land held in the United States and Canada for future development.

Sustainability

Simon has integrated sustainability initiatives into our business operations: how we plan, develop, and operate our properties.

Reducing our energy consumption is a central commitment to reducing our environmental impact. In 2020, we announced the adoption of 2035 greenhouse gas emissions targets approved by the Science Based Target Initiative (“SBTi”). Our target is to reduce scope 1 and scope 2 emissions by 68% (2019 baseline), and scope 3 emissions by 20.9% (2018 baseline). We believe that our climate related risk disclosures are aligned with the recommendations of the Task Force on Climate Related Financial Disclosures established by the Financial Stability Board.

Reducing water consumption and landfill waste are also components of reducing our carbon and environmental footprint. We have already achieved our initial target of reducing water usage by 20% (2013 baseline), and we set a new target to reduce water for comparable centers by 15% by 2030, base year 2022.

The Governance and Nominating Committee of our Board of Directors (“Board”) has been allocated the oversight of our sustainability policies, including environmental, social, and governance matters. Additionally, the Board has delegated to the Audit Committee the oversight and the annual disclosure of our sustainability programs in the form of an annual sustainability report.

In 2024, we were once again awarded a Green Star rating (2014-2024) - the highest designation awarded for leadership in sustainability performance by the Global Real Estate Sustainability Benchmark.

To learn more about our sustainability initiatives and detailed reporting please access our latest Sustainability Report at investors.simon.com. Information in the Sustainability Report and our Company website is not incorporated herein by reference and should not be considered part of this Annual Report on Form 10-K.

Mortgages and Unsecured Debt

The following table sets forth certain information regarding the mortgages encumbering our properties, and the properties held by our domestic and international joint venture arrangements, and also our unsecured corporate debt. Substantially all of the mortgage and property related debt is nonrecourse to us.

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)


	Interest			Face			Annual Debt			Maturity
Property Name	Rate			Amount			Service (1)			Date
Consolidated Indebtedness:
Secured Indebtedness:
Arizona Mills	3.80	%		$	94,000		$	5,579		09/01/26
Birch Run Premium Outlets	4.21	%			123,000			5,177	(2)	02/06/26
Calhoun Outlet Marketplace	4.17	%			16,282	(19)		1,141		06/01/26
Domain, The	3.09	%			210,000			6,497	(2)	07/01/31
Ellenton Premium Outlets	4.30	%			178,000			7,651	(2)	12/01/25
Empire Mall	4.31	%			169,566			11,089		12/01/25
Florida Keys Outlet Marketplace	4.17	%			17,000			709	(2)	12/01/25
Gaffney Outlet Marketplace	4.17	%			26,302	(19)		1,843		06/01/26
Gloucester Premium Outlets	6.12	%			75,000			4,593	(2)	03/01/33
Grove City Premium Outlets	4.31	%			140,000			6,032	(2)	12/01/25
Gulfport Premium Outlets	4.35	%			50,000			2,174	(2)	12/01/25
Gurnee Mills	3.99	%			257,710			10,283	(2)	10/01/26
Hagerstown Premium Outlets	4.26	%			68,365			4,590		02/06/26
La Reggia Designer Outlets Phases 1 & 2	4.44	%	(25)		166,195	(30)		10,707		03/31/27
Lee Premium Outlets	4.17	%			45,089	(19)		3,160		06/01/26
Miami International Mall	6.92	%			158,000			13,934		02/06/26	(3)
Noventa Di Piave Designer Outlet Phases 1, 2, 3, 4	2.00	%			288,341	(30)		5,758	(2)	07/25/25
Ochtrup Designer Outlet	2.10	%			51,936	(30)		1,091	(2)	06/30/26
Opry Mills	4.09	%			375,000			15,345	(2)	07/01/26
Paris-Giverny Designer Outlet	5.02	%	(16)		95,407	(30)		4,790	(2)	07/01/26
Parndorf Designer Outlet	2.00	%			187,840	(30)		3,757	(2)	07/04/29
Penn Square Mall	3.84	%			310,000			11,910	(2)	01/01/26
Pismo Beach Premium Outlets	3.33	%			30,335	(20)		1,953		09/06/26
Pleasant Prairie Premium Outlets	4.00	%			145,000			5,793	(2)	09/01/27
Potomac Mills	3.46	%			416,000			14,383	(2)	11/01/26
Provence Designer Outlet	4.92	%			97,724	(30)		5,809		07/27/27	(3)
Queenstown Premium Outlets	3.33	%			53,290	(20)		3,431		09/06/26
Roermond Designer Outlet	3.90	%			290,842	(30)		11,337	(2)	06/06/29
Roosendaal Designer Outlets	5.40	%	(24)		67,516	(30)		3,646	(2)	02/28/29	(3)
Shops at Chestnut Hill, The	6.66	%			93,075			7,865		08/31/33
South Park Mall Hotel	4.76	%			14,753			1,116		02/01/31
Southridge Mall	3.85	%			103,889			4,004	(2)	06/06/23	(8)
Summit Mall	3.31	%			85,000			2,817	(2)	10/01/26
Syosset Park	6.45	%	(1)		84,047			5,418	(2)	05/12/26	(3)
University Park Village	3.85	%			50,113			3,115		05/01/28
White Oaks Mall	6.98	%			34,000			2,374	(2)	06/15/27
Williamsburg Premium Outlets	4.23	%			185,000			7,824	(2)	02/06/26
Wolfchase Galleria	4.15	%			155,152			6,433	(2)	11/01/26
Total Consolidated Secured Indebtedness				$	5,008,769

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)


	Interest			Face			Annual Debt			Maturity
Property Name	Rate			Amount			Service (1)			Date
Unsecured Indebtedness:
Simon Property Group, L.P.
Revolving Credit Facility - USD	5.22	%	(15)	$	305,000		$	15,918	(2)	06/30/28	(3)
Revolving Credit Facility - EUR	3.61	%	(4)		18,696	(41)		675	(2)	06/30/28	(3)
Unsecured Notes - 22C	6.75	%			600,000			40,500	(14)	02/01/40
Unsecured Notes - 25C	4.75	%			550,000			26,125	(14)	03/15/42
Unsecured Notes - 28B	4.25	%			400,000			17,000	(14)	10/01/44
Unsecured Notes - 29B	3.50	%			1,100,000			38,500	(14)	09/01/25
Unsecured Notes - 30B	3.30	%			800,000			26,400	(14)	01/15/26
Unsecured Notes - 31B	3.25	%			750,000			24,375	(14)	11/30/26
Unsecured Notes - 31C	4.25	%			550,000			23,375	(14)	11/30/46
Unsecured Notes - 32B	3.38	%			750,000			25,313	(14)	06/15/27
Unsecured Notes - 33B	3.38	%			750,000			25,313	(14)	12/01/27
Unsecured Notes - 34B	2.45	%			1,250,000			30,625	(14)	09/13/29
Unsecured Notes - 34C	3.25	%			1,250,000			40,625	(14)	09/13/49
Unsecured Notes - 35A	2.65	%			750,000			19,875	(14)	07/15/30
Unsecured Notes - 35B	3.80	%			750,000			28,500	(14)	07/15/50
Unsecured Notes - 36A	1.75	%			800,000			14,000	(14)	02/01/28
Unsecured Notes - 36B	2.20	%			700,000			15,400	(14)	02/01/31
Unsecured Notes - 37A	1.38	%			550,000			7,563	(14)	01/15/27
Unsecured Notes - 37B	2.25	%			700,000			15,750	(14)	01/15/32
Unsecured Notes - 38B	2.65	%			700,000			18,550	(14)	02/01/32
Unsecured Notes - 39A	5.50	%			650,000			35,750	(14)	03/08/33
Unsecured Notes - 39B	5.85	%			650,000			38,025	(14)	03/08/53
Unsecured Notes - 40A	6.25	%			500,000			31,250	(14)	01/15/34
Unsecured Notes - 40B	6.65	%			500,000			33,250	(14)	01/15/54
Unsecured Notes - 41A	4.75	%			1,000,000			47,500	(14)	09/26/34
Unsecured Notes - Euro 3	1.25	%			519,360	(10)		6,492	(6)	05/13/25
Unsecured Notes - Euro 4	1.13	%			779,041	(13)		8,764	(6)	03/19/33
Unsecured Bonds - Exchangable Euro 5	3.50	%	(47)		779,041	(13)		27,266	(14)	11/14/26
Total Consolidated Unsecured Indebtedness				$	19,401,138
Total Consolidated Indebtedness at Face Amounts				$	24,409,907
Premium on Indebtedness					6,232
Discount on Indebtedness					(79,447)
Debt Issuance Costs					(131,262)
Other Debt Obligations					59,065	(18)
Total Consolidated Indebtedness				$	24,264,495
Our Share of Consolidated Indebtedness				$	24,041,981

Joint Venture Indebtedness:
Secured Indebtedness:
Arundel Mills	7.70	%			360,000			27,724	(2)	11/01/33
Ashford Designer Outlet	4.80	%	(35)		129,747	(21)		6,225	(2)	05/23/27
Aventura Mall	4.12	%			1,750,000			72,122	(2)	07/01/28

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)


	Interest			Face			Annual Debt			Maturity
Property Name	Rate			Amount			Service (1)			Date
Avenues, The	3.60	%		$	100,000		$	3,600	(2)	02/06/26
Briarwood Mall	3.29	%			165,000			5,432	(2)	09/01/26
Busan Premium Outlets	4.57	%			112,063	(17)		5,121	(2)	11/23/25
Cape Cod Mall	6.63	%	(1)		52,000			3,449	(2)	07/30/26	(3)
Charlotte Premium Outlets	4.27	%			97,599			5,952		07/01/28
Clarksburg Premium Outlets	3.95	%			154,452			9,166		01/01/28
Coconut Point	3.95	%			167,640			10,822		10/01/26
Colorado Mills - 1	4.28	%			118,192			7,907		11/01/24	(8)
Colorado Mills - 2	2.80	%			30,000			840	(2)	07/01/31
Concord Mills	6.55	%			229,872			17,787		11/01/32
Coral Square Residential	6.38	%	(1)		36,015			2,299	(2)	04/04/28	(3)
Dadeland Mall	3.11	%			361,280			19,876		01/05/27
Dadeland Mall Hotel	6.93	%	(1)		26,881			2,327		09/01/25	(3)
Del Amo Fashion Center	3.66	%			585,000			21,396	(2)	06/01/27
Domain Westin	4.12	%			57,148			2,355		09/01/25
Dover Mall	5.57	%			76,815			4,279	(2)	08/06/26
Falls, The	3.45	%			150,000			5,175	(2)	09/01/26
Fashion Centre Pentagon	6.05	%	(38)		455,000			27,544	(2)	05/09/26	(3)
Fashion Valley	5.73	%			450,000			25,785	(2)	06/01/33
Florida Mall, The	5.30	%	(36)		600,000			31,800	(2)	02/09/27	(3)
Fukaya-Hanazono Premium Outlets	0.76	%			68,240	(26)		517	(2)	09/30/32
Galleria, The	3.55	%			1,200,000			42,598	(2)	03/01/25
Gotemba Premium Outlets	0.31	%			82,908	(26)		256	(2)	04/08/27
Grapevine Mills	6.26	%			250,000			15,660	(2)	07/01/34
Hamilton Town Center	6.68	%	(1)		77,969			6,318		02/24/27	(3)
Jakarta Premium Outlet	9.25	%			19,865	(42)		1,838	(2)	12/29/33	(3)
Johor Premium Outlet	5.19	%	(7)		4,528	(9)		235	(2)	09/30/31
Katy Mills	5.77	%			126,240			9,067		08/01/32
Lakeline Residential	7.33	%	(1)		3,420			251	(2)	01/16/29	(3)
Lehigh Valley Mall	4.06	%			172,860			11,538		11/01/27
Liberty Tree Mall	6.18	%	(27)		27,990			2,075		05/03/28
Malaga Designer Outlet	5.54	%	(22)		65,959	(30)		3,654	(2)	05/05/28	(3)
Mall at Rockingham Park, The	4.04	%			262,000			10,585	(2)	06/01/26
Mall of New Hampshire, The	4.11	%			150,000			6,162	(2)	07/01/25
Meadowood Mall	5.70	%			101,517			8,163		12/01/26
Norfolk Premium Outlets	4.50	%			74,237			4,539		04/01/32
Northshore Mall	8.02	%			182,290			22,413		07/05/25
Paju Premium Outlets	3.69	%			41,354	(17)		15,086		07/12/26
Premium Outlet Collection Edmonton IA	6.40	%	(37)		94,961	(5)		6,120	(2)	11/30/25
Premium Outlets Montréal	4.74	%			83,494	(5)		3,956	(2)	09/01/31
Quaker Bridge Mall	4.50	%			180,000			8,100	(2)	05/01/26
Queretaro Premium Outlets - Fixed	12.14	%			18,424	(32)		3,255		12/20/33
Queretaro Premium Outlets - Variable	13.40	%			411	(32)		55	(2)	06/20/28
Rinku Premium Outlets	0.30	%			37,628	(26)		114	(2)	07/31/27

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)


	Interest			Face			Annual Debt			Maturity
Property Name	Rate			Amount			Service (1)			Date
Roermond 4 Designer Outlet	4.55	%	(23)	$	174,505	(30)	$	7,940	(2)	08/18/25
Roosevelt Field Hotel	7.28	%	(34)		48,800			3,552	(2)	06/29/27	(3)
Round Rock Residential	5.94	%			31,713			1,884	(2)	07/01/29	(3)
Sano Premium Outlets	0.28	%			29,018	(26)		82	(2)	02/28/25
Sawgrass Mills Hotel	7.53	%	(33)		27,140			2,403		10/07/27	(3)
Shisui Premium Outlets Phase 2	0.37	%			31,888	(26)		116	(2)	05/31/29
Shisui Premium Outlets Phase 3	1.03	%			16,581	(26)		171	(2)	11/30/28
Shops at Clearfork, The	2.81	%	(27)		145,000			4,072	(2)	03/11/30
Shops at Crystals, The	3.74	%			550,000			20,592	(2)	07/01/26
Shops at Mission Viejo, The	6.73	%			180,000			12,105	(2)	01/01/35
Siam Premium Outlets Bangkok	4.69	%			59,455	(11)		2,788	(2)	06/05/31
Siheung Premium Outlets	4.38	%			94,912	(17)		4,157	(2)	03/15/26
Silver Sands Premium Outlets	3.96	%			140,000			5,543	(2)	03/01/32
Solomon Pond Mall	4.01	%			84,347			3,382	(2)	11/01/22	(8)
Southdale Hotel	6.68	%	(1)		15,627			1,614		06/01/25
Southdale Residential	4.46	%			34,292			2,550		10/15/35
Springfield Mall	4.45	%			53,741			3,853		10/06/25
Square One Mall	5.47	%			77,148			4,222	(2)	01/06/27
St. Johns Town Center	5.95	%			360,000			21,413	(2)	06/01/34
St. Johns Hotel	7.13	%	(1)		20,660			1,509		05/16/27	(3)
St. Louis Premium Outlets	7.56	%			85,996			8,392		10/06/27	(3)
Stoneridge Shopping Center	3.50	%			330,000			11,550	(2)	09/05/26
Sugarloaf Mills	8.02	%			65,261			6,499		05/01/29
Tanger Outlets Columbus	6.25	%			71,000			4,439	(2)	10/01/32	(3)
Tanger Outlets - Galveston/Houston	7.47	%	(40)		58,000			4,330	(2)	06/16/28	(3)
Tosu Premium Outlets	0.64	%	(12)		39,541	(26)		253	(2)	10/31/26
Twin Cities Premium Outlets	6.70	%			95,000			6,361	(2)	11/01/34
Vancouver Designer Outlet	5.97	%	(39)		114,804	(5)		6,853	(2)	12/01/27	(3)
West Midlands Designer Outlets	7.49	%	(28)		81,483	(21)		6,103	(2)	06/06/26
Westchester, The	3.25	%			400,000			13,000	(2)	02/01/30
Woodfield Mall	6.71	%			294,000			19,730	(2)	12/01/33
Yeoju Premium Outlets	4.06	%			38,643	(17)		13,095		05/23/26

Total Joint Venture Secured Indebtedness at Face Amount				$	13,439,554
TMLP Indebtedness at Face Amount					258,980	(29)
Total Joint Venture and TMLP Indebtedness at Face Amount					13,698,534
Debt Issuance Costs					(32,444)
Total Joint Venture Indebtedness				$	13,666,090
Our Share of Joint Venture Indebtedness				$	6,312,675	(31)

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)


Taubman Realty Group Indebtedness:	Interest			TRG Share			Annual Debt			Maturity
Secured Indebtedness:	Rate			of Face Amount			Service (1)			Date
Cherry Creek Shopping Center	3.85	%		$	275,000		$	10,588	(2)	06/01/28
City Creek Center	7.63	%			70,000			5,341	(2)	05/01/29
Dolphin Mall	5.40	%	(44)		1,000,000			54,000	(2)	12/09/29	(3)
Gardens Mall, The	4.48	%			95,218			7,580		07/15/25
Great Lakes Crossing Outlets	6.52	%			180,000			11,736	(2)	02/01/33
International Plaza	6.07	%	(43)		238,977			14,506	(2)	10/09/26	(3)
Mall at Millenia, The	5.41	%			225,000			12,173	(2)	10/15/29
Mall at Short Hills, The	3.48	%			1,000,000			34,800	(2)	10/01/27
Mall at University Town Center, The	3.40	%			134,440			7,398		11/01/26
Sunvalley	4.44	%			69,288			6,988		09/01/25	(3)
Twelve Oaks Mall	4.85	%			266,753			18,630		03/06/28
Waterside Shops	3.86	%			76,890			4,612		04/15/26
Westfarms	7.80	%			191,035			14,901	(2)	09/06/28
CityOn.Xian	5.00	%			25,186	(46)		7,098		03/14/29
CityOn.Zhengzhou	4.95	%			28,269	(46)		5,982		03/22/32
Starfield Anseong	2.17	%			104,966	(45)		2,278	(2)	02/27/25
Starfield Hanam	2.38	%			73,476	(45)		1,749	(2)	10/26/25
Total TRG Secured Indebtedness at TRG Share of Face Amount				$	4,054,498

Corporate and Other Indebtedness:
TRG - $650M Revolving Credit Facility - Variable	5.48	%	(48)		65,000			3,562	(2)	03/31/27	(3)
TRG - $650M Revolving Credit Facility - Fixed	5.29	%	(27)		150,000			7,935	(2)	03/31/27	(3)
TRG - $65M Revolving Credit Facility	5.83	%	(49)		17,500			1,020	(2)	04/19/25
Other	6.58	%			12,000			790	(2)	11/01/27	(3)
Total TRG Corporate and Other Indebtedness at TRG Share of Face Amount				$	244,500
Total TRG Indebtedness at TRG Share				$	4,298,998
Our Share of TRG Indebtedness				$	3,783,118

(1)	Variable rate loans based on one-month (1M) SOFR plus interest rate spreads ranging from 110 bps to 310 bps. 1M SOFR as of December 31, 2024 was 4.33%.

(2)	Requires monthly payment of interest only.

(3)	Includes applicable extension available at the Applicable Borrower's option.

(4)	Credit Facilities. As of December 31, 2024, the Credit Facilities bear interest at a variable rate loan based on 1M EURIBOR plus interest rate spread of 72.5 bps.

(5)	Amount shown in USD equivalent. CAD Equivalent is 421.5 million.

(6)	Requires annual payment of interest only.

(7)	Variable rate loans based on Cost of Fund plus an interest rate spreads ranging from 125 bps to 150 bps. Cost of Fund as of December 31, 2024 was 3.8131%.

(8)	Mortgage is outstanding as of 12/31/2024.

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)

(9)	Amount shown in USD Equivalent. Ringgit equivalent is 20.2 million.

(10)	Amount shown in USD equivalent. Euro equivalent is 500.0 million.

(11)	Amount shown in USD equivalent. Baht equivalent is 2.0 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, 2024, 6M TIBOR was 0.6336%.

(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, 2024, the Credit Facilities bear interest at a SOFR index subject to a 10 bps adjustment plus 72.5 bps credit spread. The credit facilities provide for different pricing based upon our investment grade rating. Through an interest rate swap agreement, the SOFR index is currently fixed at 4.335%. As of December 31, 2024, $8.2 billion was available after outstanding borrowings and letters of credit under our Credit Facilities.

(16)	Variable rate loan based on 3M EURIBOR plus an interest rate spread of 380 bps. Through an interest rate cap agreement, 3M Euribor is currently fixed at 1.00% on a portion of the balance. 3M EURIBOR is currently 2.714% at 12/31/2024.

(17)	Amount shown in USD equivalent. Won Equivalent is 423.3 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 168.5 million.

(22)	Variable rate loan based on 3M EURIBOR plus interest rate spread of 225 bps. Through an interest rate cap agreement 3M EURIBOR is capped at 3.29%.

(23)	Variable rate loan based on 3M EURIBOR plus interest rate spread of 130 bps. Through an interest rate swap agreement 3M EURIBOR is fixed at 3.25%.

(24)	Variable rate loan based on 3 Mo. EURIBOR plus an interest rate spread of 240 bps. Through an interest rate swap agreement, 3 Mo. EURIBOR is fixed at 3.00%.

(25)	Variable rate loan based on 3M EURIBOR plus an interest rate spread of 250 bps. Through an interest rate swap agreement, 3M Euribor is currently fixed at 1.75% on a portion of the balance. 3M EURIBOR is currently 2.714% at 12/31/2024.

(26)	Amount shown in USD Equivalent. Yen equivalent is 48.0 billion.

(27)	Associated with this loan is an interest rate swap agreement that effectively fixes the interest rate on this loan at the all-in rate presented.

(28)	Variable rate loan based on Overnight SONIA plus an interest rate spread of 250 bps. Through an interest rate swap agreement, Overnight SONIA is fixed at 4.99%.

(29)	Consists of one property with an interest rate of 5.65% and is outstanding as of 12/31/2024.

(30)	Amount shown in USD equivalent. Euro equivalent is 1.4 billion.

(31)	Our share of total indebtedness includes a pro rata share of the mortgage debt on joint venture properties, including The Mills Limited Partnership. To the extent total indebtedness is secured by a property, it is non-recourse to us, with the exception of approximately $109.8 million of payment guarantees provided by the Operating Partnership.

(32)	Amount shown in USD equivalent. Peso equivalent is 390.8 million.

(33)	Variable rate loan based on 30 day Average SOFR, which is subject o a floor of .25%, plus an interest rate spread of 300 bps. Through an interest rate cap agreement, 30 day Average SOFR cannot exceed 5.50%. However, 30 day Average SOFR as of December 31, 2024 was 4.53%.

(34)	Variable rate loan based on 30 day Average SOFR plus an interest rate spread of 275 bps. 30 day Average SOFR, as of December 31, 2024 was 4.53%.

Mortgage and Unsecured Debt

As of December 31, 2024

(Dollars in thousands)

(35)	Variable rate loan based on Overnight SONIA plus an interest rate spread of 215 bps. Through an interest rate swap agreement, Overnight SONIA is fixed at 2.14% for a portion of the balance.

(36)	Variable rate loan based on 1M SOFR plus an interest rate spread of 230 bps. Through an interest rate cap agreement, 1M SOFR is currently fixed at 3.00%.

(37)	Variable rate loan based on one-month CAD-CORRA plus an interest rate spread of 159 bps. CORRA as of December 31, 2024 was 3.32%.

(38)	Variable rate loan based on 1M SOFR plus an interest rate spread of 305 bps. Through an interest rate cap agreement, 1M SOFR is currently fixed at 3.00%.

(39)	Variable rate loan based on one-month CAD-CORRA plus an interest rate spread of 215 bps. Through interest rate swap agreements, CDOR is currently fixed at rates ranging from 3.66% to 3.99% for a portion of the balance.

(40)	Variable rate loan based on 1M SOFR plus an interest rate spread of 300 bps. Through an interest rate swap agreement, 1M SOFR is currently fixed at 4.44% on a portion of the balance. 1M SOFR is currently 4.33%.

(41)	Amount shown in USD equivalent. Euro equivalent is €18.0 million.

(42)	Amounts shown in USD Equivalent. IDR Equivalent is 321.8 billion.

(43)	Variable rate loan based on 1M SOFR, which is subject to a floor of 0.00% plus an interest rate spread of 196 bps plus 0.11448%. Through interest rate cap agreements, 1M SOFR is currently fixed at 4.0%.

(44)	Variable rate loan based on 1M Term SOFR, which is subject to a floor of 0.00% plus an interest rate spread of 163 bps. Through interest rate swap agreements, 1M Term SOFR is currently fixed at 3.77%.

(45)	Amounts shown in USD Equivalent. KRW Equivalent is 263.2 billion.

(46)	Amounts shown in USD Equivalent. CNY Equivalent is 390.2 million.

(47)	Notes exchangeable into ordinary shares of Klépierre S.A. at a common price of €27.16.

(48)	Variable rate loan based on 1M SOFR, which is subject to a floor of 0.00% plus an interest rate spread of 115 bps. 1M SOFR, as of December 31, 2024 was 4.33%.

(49)	Variable rate loan based on 1M SOFR, which is subject to a floor of 0.00% plus an interest rate spread of 150 bps. 1M SOFR, as of December 31, 2024 was 4.33%.

The changes in consolidated mortgages and unsecured indebtedness for the years ended December 31, 2024, 2023 and 2022 are as follows:


	2024		2023		2022
Balance, Beginning of Year	$	26,033,423	$	24,960,286	$	25,321,022
Additions during period:
New Loan Originations		1,089,989		3,610,389		3,443,739
Loans assumed in acquisitions and consolidation		318,750		—		85,689
Net (Discount)/Premium		(6,910)		(43,438)		(1,922)
Net Debt Issuance Costs		(23,298)		(60,891)		(10,166)
Deductions during period:
Loan Retirements		(2,960,208)		(2,559,276)		(3,687,330)
Amortization of Net Discounts/(Premiums)		5,827		432		7
Debt Issuance Cost Amortization		32,477		28,660		26,113
Scheduled Principal Amortization		(16,278)		(16,455)		(22,446)
Foreign Currency Translation		(209,277)		113,716		(194,420)
Balance, Close of Year	$	24,264,495	$	26,033,423	$	24,960,286

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