SPG-PJ: the balance sheet

MyFinsight

For the year ending 2025-12-31, SPG-PJ has $40,606,466K in assets. $33,901,073K in debts. $823,147K in cash and cash equivalents.

Balance Sheets Overview

Debt to Asset Ratio
83.49%
Assets Breakdown
Investment properties, at cost
Less - accumulated depreciation
Investment, at equity-Unconsolid...
Others
Liabilities Breakdown
Capital in excess of par value
Thereafter
2026
Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Investment properties, at cost	50,946,067	40,242,392	39,285,138	38,326,912
Less - accumulated depreciation	20,701,510	19,047,078	17,716,788	16,563,749
Investment properties, at cost, net	30,244,557	21,195,314	21,568,350	21,763,163
Cash and cash equivalents	823,147	1,400,345	1,168,991	621,628
Short-term investments	-	-	1,000,000	-
Tenant receivables and accrued revenue, net	934,077	796,513	826,126	823,540
Investment, at equity-Taubman Realty Group	-	3,069,297	3,049,719	3,074,345
Investment, at equity-Unconsolidated Investments Excluding Klepierre And Taubman Realty Group	4,362,339	2,670,739	3,540,648	3,511,263
Investment, at equity-Klepierre	1,505,377	1,384,267	1,527,872	1,561,112
Right-of-use assets, net	755,934	519,607	484,073	496,930
Deferred lease costs, net	128,943	82,323	77,811	97,553
In-place lease intangibles, net	48,730	867	3,085	7,076
Acquired above market lease intangibles, net	503	1,879	5,629	10,696
Marketable securities of our captive insurance companies	161,604	133,381	79,716	52,325
Goodwill	20,098	20,098	20,098	20,098
Other marketable and non-marketable securities	362,782	498,974	338,120	309,212
Provisional fair value - trg acquisition, net (note 4)	700,641	-	-	-
Prepaids, notes receivable and other assets, net	557,734	632,087	593,257	662,333
Deferred costs and other assets	1,981,035	1,369,609	1,117,716	1,159,293
Total assets	40,606,466	32,405,691	34,283,495	33,011,274

2026	5,905,606	2,680,925	2,946,165	1,342,656
2027	3,936,773	4,862,878	2,639,816	3,331,015
2028	2,296,651	2,484,600	4,759,916	2,657,375
2029	2,940,031	1,172,617	2,466,364	3,936,750
2030	1,657,864	1,798,885	1,153,921	3,265,832
Thereafter	11,858,614	11,410,002	12,220,079	10,501,408
Total principal maturities	28,595,539	24,409,907	26,186,261	25,035,036
Net unamortized debt premium	1,065	6,232	13,635	20,909
Net unamortized debt discount	73,175	79,447	86,626	50,894
Debt issuance costs, net	117,853	131,262	140,442	108,210
Other debt obligations	24,599	59,065	60,595	63,445
Mortgages and unsecured indebtedness	28,430,175	24,264,495	26,033,423	24,960,286
Accounts payable, accrued expenses, intangibles, and deferred revenues	1,954,402	1,712,465	1,693,248	1,491,583
Cash distributions and losses in unconsolidated entities, at equity	1,739,418	1,680,431	1,760,922	1,699,828
Dividend payable	2,723	2,410	1,842	1,997
Lease liabilities	756,539	520,283	484,861	497,953
Other liabilities	1,017,816	626,155	621,601	535,736
Total liabilities	33,901,073	28,806,239	30,595,897	29,187,383
Limited partners' preferred interest in the operating partnership and noncontrolling redeemable interests	233,306	184,729	195,949	212,239
Series j 83/8 cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding with a liquidation value of 39,847	40,451	40,778	41,106	41,435
Common stock, 0.0001 par value, authorized, issued and outstanding, respectively-Common Class A	33	33	33	34
Capital in excess of par value	12,347,192	11,583,051	11,406,236	11,232,881
Accumulated deficit	-4,608,136	-6,382,515	-6,095,576	-5,926,974
Accumulated other comprehensive loss	-251,361	-193,026	-172,787	-164,873
Common stock held in treasury, at cost, 17,844,817 and 16,675,701 shares, respectively	2,319,911	2,106,396	2,156,178	2,043,979
Total stockholders' equity	5,208,268	2,941,925	3,022,834	3,138,524
Noncontrolling interests	1,263,819	472,798	468,815	473,128
Total equity	6,472,087	3,414,723	3,491,649	3,611,652
Total liabilities and equity	40,606,466	32,405,691	34,283,495	33,011,274

Unit: Thousand (K) dollars

MyFinsight

Balance Sheets Overview

Debt to Asset Ratio
83.49%
Assets Breakdown
Investment properties, at cost
Less - accumulated depreciation
Investment, at equity-Unconsolid...
Others
Liabilities Breakdown
Capital in excess of par value
Thereafter
2026
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio
83.49%
Assets Breakdown
Investment properties, at cost
Less - accumulated depreciation
Investment, at equity-Unconsolid...
Others
Liabilities Breakdown
Capital in excess of par value
Thereafter
2026
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio83.49%Assets BreakdownInvestment properties, at costLess - accumulated depreciationInvestment, at equity-Unconsolid...OthersLiabilities BreakdownCapital in excess of par valueThereafter2026Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio83.49%Assets BreakdownInvestment properties, at costLess - accumulated depreciationInvestment, at equity-Unconsolid...OthersLiabilities BreakdownCapital in excess of par valueThereafter2026Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Debt to Asset Ratio
83.49%
Assets Breakdown
Investment properties, at cost
Less - accumulated depreciation
Investment, at equity-Unconsolid...
Others
Liabilities Breakdown
Capital in excess of par value
Thereafter
2026
Others

Debt to Asset Ratio
83.49%
Assets Breakdown
Investment properties, at cost
Less - accumulated depreciation
Investment, at equity-Unconsolid...
Others
Liabilities Breakdown
Capital in excess of par value
Thereafter
2026
Others